Enova Mining plans to go ahead with the acquisition of Po├žos de Caldas Rare Earth & Brazil Lithium Valley tenements in Brazil.

The decision was made after a due diligence process identified significant geological outcrops within the designated project areas, suggesting potential lithium mineralisation.

The company stated that the location proves to be a good foundation for expanding its operations due to the favourable mining business environment in Minas Gerais, Brazil.

Upon gaining shareholder approval, Enova plans to continue exploring the sites to identify drill targets with rare earth potential, focusing on the Carai tenement.