Serra Verde Secures $150 Million for Rare Earth Expansion in Brazil

Serra Verde

Brazilian mining company Serra Verde has been awarded $150 million in funding to bolster its efforts in developing sustainable rare earth element (REE) production. The investment, led by Denham Capital, the US' Energy and Minerals Group, and the UK's Vision Blue Resources, is set to enhance operational capacity and drive long-term expansion of rare earth supply chains.

This funding initiative aligns with the Minerals Security Partnership (MSP) project, a global effort involving 14 countries and the European Union. The MSP focuses on accelerating the development of critical energy mineral supply chains to support the global energy transition.

Pioneering Rare Earth Production Outside Asia

Located in the central-western state of Goias, Serra Verde commenced commercial production earlier this year. It is recognized as the first large-scale rare earth operation outside Asia, leveraging Brazil's third-largest global reserves, estimated at 21 million tons according to the US Geological Survey.

The Serra Verde deposit contains a high proportion of both heavy and light rare earth elements, including neodymium, praseodymium, terbium, and dysprosium. These critical minerals are essential for manufacturing clean energy technologies such as wind turbines, electric vehicles, and high-performance magnets.

A Boost for Sustainable Rare Earths Supply

As demand for rare earths continues to grow globally, this investment positions Serra Verde as a key player in diversifying rare earth supply chains, reducing reliance on Asia-dominated markets. The focus on sustainable production practices also aligns with rising environmental and governance standards in the mining industry.

With Serra Verde’s expanded operations, Brazil solidifies its position as a critical rare earth supplier, contributing to global energy and technological advancements.