Si6 Metals received shareholder approval and finalised terms for acquiring a 50% interest in a Brazilian exploration portfolio from Foxfire Metals.

The portfolio comprises 10 exploration licenses covering approximately 17,000 hectares. Key projects include three rare earth elements licenses in the Poços de Caldas Alkaline Complex and three lithium licenses in the "Lithium Valley."

Si6 plans to commence exploration this year, initially focusing on the Caldera REE Project in south Minas Gerais.

The acquisition is expected to be completed in early 2024, with Si6 committing to a comprehensive exploration program, including field reconnaissance, mapping, soil sampling, and auger drilling.