Liberty Metals (ASX:LIB) has exercised its option to acquire a 100% interest in a strategically significant portfolio of Brazilian critical minerals projects, marking a major milestone in the company's growth strategy.
The portfolio spans three key regions: the Paraíba Hard Rock Rutile Project, where recent sampling confirmed high-purity rutile with TiO₂ concentrations up to 94.7%; the Rio Grande Heavy Mineral Sands Project, a 234km2 coastal district adjacent to an advanced JORC-compliant project; and the Alcobaça Heavy Mineral Sands & Monazite Project in Bahia, positioned next to Energy Fuels’ recently acquired project, validating the district’s rare earth potential.
Completion follows shareholder approval obtained at Liberty's 2025 annual general meeting and satisfies all material conditions under the binding option agreement.
The acquisition establishes a material footprint in Brazil, a Tier-1 mining jurisdiction, providing Liberty with diversified exposure to titanium minerals and rare earth elements—commodities classified as critical by Australia, the United States, and the European Union.
According to Liberty Metals Director Nicholas Katris, the portfolio positions the company to accelerate exploration and unlock substantial value across Brazil's leading mineral provinces, leveraging strong geological analogues, proven regional endowment, and proximity to advanced peer developments.
Initial plans include integrating the portfolio into Liberty's operating framework, advancing exploration programs, and refining project-level development pathways to capitalise on the growing global demand for strategic minerals.