The company produces four essential rare earth elements (REEs). Credit: Joaquin Corbalan P/Shutterstock.

Brazil-focused REE company Serra Verde Group has secured $150m (1.11bn reais) in investment from Denham Capital and the Energy and Minerals Group from the US and Vision Blue Resources.

Serra Verde has also earned a place on the Minerals Security Partnership’s (MSP) global list of projects considered to play key role in the global energy transition.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The investment will fund operational enhancements and long-term growth initiatives.

Serra Verde, the only scale producer of four essential REEs outside of Asia, is set to bolster global supply chains with a new, reliable and sustainable source.

These REEs are vital for manufacturing efficient permanent magnets used in electric vehicles (EVs), wind turbines and other key technologies driving the energy transition.

The MSP, a consortium of 14 countries and the EU, chaired by the Republic of Korea, is focused on fostering diverse and sustainable critical mineral supply chains.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It provides financial and diplomatic support to strategic projects, advocating for elevated environmental, social and governance (ESG) standards, increased recycling of critical materials and local value addition.

Serra Verde’s commitment to sustainability is evident in its ionic clay operation in Brazil, which employs low-risk mining techniques and simple processing with eco-friendly reagents.

Serra Verde commenced commercial production early this year. It is already enhancing its phase one capacity and exploring a potential phase two expansion that is expected to double production by 2030.

Serra Verde CEO Thras Moraitis said: “Today’s announcement is a strong endorsement of the significant role that Serra Verde can play in establishing sustainable, secure and diversified rare earth supply chains to enable the global energy transition.

“Federal, state and international coordination on the criticality of current and future critical mineral operations is essential to ensure they reach the scale necessary to allow them to successfully compete and accelerate the development of our industry.

“We have ambitious plans to invest in and expand our operation and the additional investment from our shareholders will enable us to continue to deliver on these exciting initiatives.”

In January this year, Serra Verde began commercial production of MREC from phase one of its Pela Ema deposit in Minaçu, Goiás, Brazil.