Summit Minerals to acquire Mundo Novo

Australian-headquartered Summit Minerals has confirmed it has inked a binding letter of intent to acquire the Mundo Novo niobium-rare earth-phosphate project in Brazil. The deal is pending due diligence approvals as well as a greenlight from company shareholders. The former is expected to be completed within the next 60 days. “This investment is driven by strong long-term demand linked to…

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