Serra Verde Publishes Second Sustainability Review
Serra Verde Group (“Serra Verde”), the only large-scale producer of critical heavy rare earths outside of Asia, is pleased to announce the publication of its second Sustainability Review.
The Review demonstrates Serra Verde’s positive sustainability performance in 2025 and documents the progress made towards achieving the company’s vision of becoming the world’s most responsible rare earths producer.
Highlights include Serra Verde’s:
- Industry leading health and safety performance, with three consecutive years and more than 13 million hours without a lost time injury
- Implementation of enhanced environmental control processes in the areas of water and emissions management
- Significant local socio-economic contributions with a community approval of over 90% according to a recent community survey
- Internal training and communication programmes to embed Serra Verde’s values into the company’s structures and day to day activities.
Serra Verde’s strong sustainability performance is supported by the inherent advantages of its Brazilian operations, including a strategic location in an established mining town, skilled workforce, positive community relations and access to renewable energy. Serra Verde is committed to operating in a responsible and sustainable manner, applying best-in-class management practices and leading industry standards.
The US$565m financing approved by the U.S. International Development Corporation (“DFC”) means Serra Verde is now fully funded to optimize its operations, expanding production to 6,500 tonnes of total rare earths oxides by the end of 2027, enhancing long-term cost competitiveness and improving product quality.
Thras Moraitis, CEO of Serra Verde, said:
“Our second Sustainability Review reflects the significant progress we have made as we scale and optimize our operations and I am particularly proud of our health and safety performance. Our progress is only possible because of the dedication and professionalism of our team in Brazil. Their commitment to operating responsibly underpins our industry leading safety performance and strong operational delivery.
“With the continued support from our stakeholders, we are reinforcing our ambition to become the world’s most responsible rare earths producer in the world and playing a crucial role in building more secure, sustainable supply chains.”
Download our Sustainability Review.
ENDS
Contacts
Aura Financial
Email: serraverde@aura-financial.com
Tel: +44 20 7321 0000
Michael Oke / Andy Mills
Notes to Editors
About Serra Verde
Serra Verde’s operation benefits from a large, long-life deposit containing an elevated proportion of high value heavy and light REEs, primarily neodymium (Nd), praseodymium (Pr), terbium (Tb) and dysprosium (Dy) that are key to permanent magnet production as well as applications in the defence, nuclear, aerospace and other critical industries.
This makes Serra Verde a strategic asset within the emergent global magnet-producing value chains. Commercial production commenced in early 2024 and operations are currently being optimized through the expansion of capacity, enabling a sustained lower operating cost profile and enhancing its product for new markets. Serra Verde is assessing the potential for a Phase II expansion which could double run-of-mine production before 2030.
The operation is located in an established mining area in central Brazil in the state of Goiás, with access to a skilled workforce from the nearby town of Minaçu and close to existing transport, renewable power, water and other infrastructure.
Serra Verde is the largest known ionic-clay REE operation outside of Asia. Ionic clays can be mined with low-cost open pit mining techniques and processed using simple, low energy and environmentally benign technologies and reagents. As a result, its environmental impacts are lower than at other rare earth operations. Serra Verde is fully permitted and is producing and selling a valuable Mixed Rare Earth Carbonate (MREC).
Forward-Looking Statements
This release contains forward-looking statements. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “forecast,” “guidance,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. The forward-looking statements include statements about the completion of construction of Phase I of the Pela Emma deposit, expected benefits of REEs, production, financial position and business strategy.
Forward-looking statements are based on current expectations and assumptions and analyses made by Serra Verde and its management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to the ability to complete construction of Phase I of the Pela Ema deposit on time and within budget, the success of production and the market for and prices of REEs. Serra Verde undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.