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Harvest Minerals shares jump 45% on deal to acquire eight Brazilian rare earth projects

Market News
21 Jul 2026
Proactive Investors
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Bullish
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Harvest Minerals Ltd announced a deal to acquire eight Brazilian rare earth projects from Union Star Metals, paying A$200,000 cash and issuing 40 million new shares upfront. The acquisition includes 27 exploration tenements targeting ionic clay and hard-rock rare earth mineralisation, with further payments tied to exploration milestones. This deal expands Harvest's portfolio beyond its Arapuá project, enhancing its rare earth resource potential. Completion depends on Brazilian regulatory approval.

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