Brazil's Atlantico Releases Preliminary Results for Novo Cruzeiro Rare Earths and Lithium
2026-06-28 11:16
Favorite

en.Wedoany.com Reported - A technical report released by Atlantico Energy Metals Corp. indicates the presence of rare earth oxide enrichment, high magnetic rare earth oxide content, and lithium indicator elements at its flagship Novo Cruzeiro project in the Lithium Valley of Minas Gerais, Brazil. The report, prepared in accordance with NI 43-101 standards and dated February 9, 2026, presents the project's preliminary exploration results.

Figure 1. Novo Cruzeiro stream sediment TREO results. Source: Novo Cruzeiro Lithium and Rare Earth Elements Project Technical Report dated February 9, 2026.

Atlantico's initial field work program collected 170 stream sediment samples and 61 rock samples from the mineral claims. The stream sediment samples covered a broad preliminary area of the claims, with approximately one sample per 1.45 square kilometers. Preliminary assay results revealed the presence of magnetic rare earth oxides (MREO), with a maximum MREO value of 328.49 ppm and an upper 95th percentile value of 259.83 ppm. These oxides include neodymium, praseodymium, dysprosium, and terbium, which are key components of high-strength permanent magnets used in electric vehicles, wind turbines, robotics, and other applications.

Table 1. Selected magnetic rare earth oxide results from Table 5 of the Company's NI 43-101 Technical Report for the Novo Cruzeiro Lithium and Rare Earth Elements Project dated February 9, 2026. Rows have been reordered for readability.

Total rare earth oxide (TREO) results indicate widespread rare earth enrichment. The average TREO value for stream sediment samples is approximately 421 ppm, with a maximum TREO value of approximately 1,422 ppm. The results are primarily contributed by rare earth oxides such as cerium, lanthanum, and neodymium.

Table 2. Selected total rare earth oxide and major contributor results from Table 5 of the Company's NI 43-101 Technical Report for the Novo Cruzeiro Lithium and Rare Earth Elements Project dated February 9, 2026. Rows have been reordered for readability.

In addition to the rare earth results, the stream sediment program also returned lithium anomalies along with cesium and rubidium indicator elements. The technical report identified at least four lithium-anomalous stream catchments, which are accompanied by cesium and rubidium anomalies, providing specific targets for follow-up. Portions of the project area are covered by deep saprolite, which may mask surface exposures of fresh pegmatite. The technical report also noted that preliminary rock samples did not return anomalous lithium values.

Figure 2. Novo Cruzeiro lithium stream sediment results. Source: Novo Cruzeiro Lithium and Rare Earth Elements Project Technical Report dated February 9, 2026.

The Novo Cruzeiro project comprises 15 contiguous exploration permits covering a total area of 24,387.28 hectares, spanning northeastern Minas Gerais, Brazil. The project is located within the Eastern Brazilian Pegmatite Province, which hosts Brazil's major lithium deposits. The technical report recommends follow-up work for both rare earth and lithium targets, including targeted upstream tracking, soil sampling, ground-penetrating radar testing, and mechanical auger testing. The project remains in an early exploration stage, with no known mineralization on the claims, no historical drilling records, and no mineral resources or mineral reserves.

Additionally, on June 19, 2026, the Company entered into a marketing agreement with Machai Capital Inc. for digital marketing services including branding, search engine optimization, and social media marketing, for a one-month contract term at a service fee of CAD 100,000 plus applicable taxes, subject to approval by the Canadian Securities Exchange.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com