Ningbo Yunsheng Reports 247.95% YoY Net Profit Increase in 2025, Revenue Up 8.39% to 5.464 Billion Yuan

[SMM Rare Earth News Brief] SAGA Metals announced the signing of a definitive agreement to acquire 100% interest in the Wolverine heavy rare earth project, located in central Labrador, Canada, covering a total area of approximately 230.5 square kilometers. Reverse circulation drilling at the project intersected broad near-surface rare earth mineralization across a 1.7 × 1.2 kilometer area, with peak total rare earth oxide grades exceeding 2% and heavy rare earth oxides contributing an average of 28%. This acquisition gives the company full ownership of titanium, uranium, vanadium, lithium, and heavy rare earth assets in a Tier 1 jurisdiction in North America.

[SMM Rare Earth News Brief] A Brazilian legislator submitted a bill proposing the establishment of a state-owned rare earth and critical minerals enterprise, "Terrabras" (Terrabras), focusing on mineral research, exploration, and commercialization. The enterprise would operate modeled after Petrobras, with a capital structure that could incorporate private enterprises, development banks, and sovereign funds, while the federal government would hold a minimum stake to ensure control. The proposal requires congressional approval. Brazil possesses the world's largest rare earth reserves outside of China and is becoming a global hot topic for rare earth cooperation.