[SMM Flash News] Power Minerals Completes Acquisition of Morro do Ferro Rare Earths Project in Brazil

Published: Apr 29, 2026 21:02

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Power Minerals has officially finalized the acquisition of the Morro do Ferro (MDF) rare earths project from Mineração Terras Raras (MTR) as of April 27, 2026. Located within the Poços de Caldas Alkaline Complex in Minas Gerais, Brazil, the project is strategically positioned to supply high-demand magnetic rare earth oxides (MREOs) for the global high-tech and green energy sectors. This transaction strengthens Power Minerals' foothold in the critical minerals market, securing a key asset in one of the world's most prominent alkaline-hosted rare earth provinces.

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