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Resouro Strategic Metals Inc. (RSGOF) Partners with the MagBras Initiative in Brazil
Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTC...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. (RSGOF) Partners with the MagBras Initiative in Brazil\n\n Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RSGOF) is pleased to announce its collaboration with the MagBras Initiative, the Industrial Demonstrator of the Complete Production Cycle for Rare Earth Permanent Magnets (\"Magbras Initiative\" or \"Magbras Project\").\n \n\n About MagBras\n \n\n The MagBras Initiative is a pioneering project dedicated to producing rare earth permanent magnets entirely within Brazil. Led by SENAI MG, SENAI SC, and the Rede de Institutos SENAI de Inovacao, a Brazilian network of industrial training and innovation institutions, the initiative aims to reduce reliance on imports, promote local innovation, and serve as a scalable model for domestic and international production. This could position Brazil as a fully integrated and sustainable rare earth products supply chain and global force in critical minerals production.\n \n\n The MagBras Initiative, supported by the 'Call for Structural Project Actions' between Fundep and SENAI, is a competitive program designed to finance transformational projects in Brazil. The MagBras Project has been successfully accepted for comprehensive funding from Minas Gerais State Agencies, enabling the full realization of the initiative's objectives.\n \n\n The MagBras Group is a strong collaboration between companies such as Stellantis, Iveco, Schulz, Vale, Mosaic and Weg amongst others.\n \n\n Importantly, Stellantis leads one of the groups as the main anchor directly connected with Resouro's producer slot. Stellantis are an American-French-Italian automotive conglomerate who manufactures global car brands such as Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, RAM and Vauxhall.\n \n\n Project Selection\n \n\n The project selection process assessed each submission based on technical and financial merits, as well as its qualification as a structuring project for the Rare Earth Elements (\"REE\") value chain, amongst other innovative projects related with sustainability and new technologies.\n \n\n The MagBras Initiative proposal was submitted in late 2024 and has now been successfully accepted for funding. With this approval, the cooperation agreement (a long form contra...