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THE COMPANY MULTIVERSE MINING DISCOVERS DEPOSITS OF RARE EARTH MINERALS IN IONIC CLAY

In 2022, MULTIVERSE MINERAÇÃO continued its research and found, within the area of almost 30,000 ha of the TERRAS RARAS BAHIA PROJECT, deposits containing excellent concentrations of rare earth minerals in IONIC CLAY. It is worth mentioning that the company has been working in recent years to create an independent supply chain, necessary to guarantee rare earth minerals essential for changing the energy matrix from renewable sources, replacing the fossil carbon materials that are the current means of production, thus contributing to the construction of clean and sustainable energy for the planet.

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The discovery of this deposit was the result of careful work carried out by specialists in geology and geophysics, where in the exploratory study the geophysics of 60 m deep identified clay in all extension, the rotary sounding with holes of 20 m of depth and the chemical analyzes confirmed the ore body with ion adsorption clay layer containing REE. In the South I pit, where this last work was carried out, the holes present rare earth oxide contents above 1000 ppm, with a predominance of light rare earths, mainly Nd, confirming the expressive concentrations of rare earth minerals in the surveyed areas. The potential is great, since the depth of the deposit remains open, with a strong indication of expansion and resizing of the deposit found.

The discovery of these large deposits of rare earth minerals in ionic clay is a huge step towards expanding the mining of these critical minerals, stimulating the production of these minerals on a large scale, as it favors the installation of a processing plant for easy extraction of these minerals, as well as such as the low operational cost related to surface mining prospecting, minimal removal of residual material, progressive rehabilitation of mined areas and consequently with very low environmental impact.

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Currently, the production of rare earths in ionic clay sources is practically exclusive to China. Due to its low mining and processing complexity, several countries are looking for this source as a quick way to become independent of these minerals in the market. So far, there are only five projects in the world based on ionic clay sources, including the Terras Raras Bahia Project.

MULTIVERSE MINERAÇÃO is open to receiving investments from national and foreign capital, for the commercialization of the assets of the TERRAS RARAS BAHIA PROJECT, which ensures that it is one of the largest undertakings in the sector of this mineral in the West.

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Av. Estados Unidos, 04 Comércio, Salvador, Bahia, Brazil – CEP. 40010-020

multiversemineracao@gmail.com

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