Enova Mining confirmed the acquisition of the CODA project tenements following due diligence.

Geological investigations and analysis of drilling data validate CODA's prospectivity for rare earth element exploration, particularly highlighting mineralised high-grade REE zones amenable to ionic clay extraction.

Enova is now collaborating with leading rare earth technology firms to explore extraction technologies to optimise project value.

The acquisition represents a significant stride in Enova's expansion in Minas Gerais, Brazil, accentuating the exploration potential of the CODA land package.

Completion of the acquisition is pending shareholder approval.