Patagonia Lithium secured three-year exploration rights over two areas in Goiás state, Brazil, near the CMOC niobium mine, advancing its quest for rare earth elements.
The concessions, spanning 3,262 hectares, are prime targets for REE in ionic clays or carbonatites.
The company plans to commence a soil and stream sampling program to assess REE potential.
Executive Chairman Phillip Thomas affirmed the company's readiness to explore REE, starting with soil sampling and mapping to refine drilling targets.