A year ago, Vision Blue Resources announced its strategic investment in SVPM | Mineração Serra Verde, an integrated rare earth element mining and processing operation in Brazil.
In what is a significant milestone for the company, today Serra Verde announced the commencement of commercial production of Mixed Rare Earth Concentrate (MREC) from Phase I of its Pela Ema mine and processing plant.
When announcing Vision Blue’s investment, CEO Sir Mick Davis described Serra Verde as “a compelling opportunity to both enable the sustainable energy transition and provide a new source of large-scale production of both heavy and light rare earth elements (HREE and LREE) outside Asia, which are utilized today in the manufacturing of 90% of all permanent magnets.”
With the Pela Ema deposit a strategic asset for the local community, Brazil, and global magnet-producing value chains critical to EV production, this is a significant milestone for Serra Verde and its personnel.