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.