5 February 2026: Vision Blue Resources portfolio company Serra Verde Group (“Serra Verde” or “the Company”), the only large-scale producer of critical heavy rare earths (“HREEs”) outside of Asia, today announced a US$565m financing package (“the Financing”) with the US International Development Finance Corporation (“DFC”), including an option for the US Government to acquire a minority equity stake in Serra Verde.

The Financing confirms Serra Verde’s unique strategic leadership position in the global rare earth industry, due to its HREE-rich product mix, advanced production status, compelling economic profile, and track record as a responsible operator with growth options extending beyond 20 years. As proven pioneers in non-Asian HREE production, the Company is uniquely positioned to support a diverse range of industries which are essential to economic and national security interests.

Serra Verde’s product contains a high proportion of the HREEs dysprosium and terbium and other critical heavy rare earth elements that are essential for high tech components used in the automotive, medical, renewable energy, electronics, robotics, defence and aerospace industries.

The Financing will be used to refinance existing loan facilities at more favourable terms and, crucially, further optimize Serra Verde’s Brazilian operations by expanding capacity, enabling a sustained lower operating cost profile and enhancing its product for new markets.

The fully funded project to optimize Serra Verde’s operations is on budget and ahead of schedule with the Company well on track to deliver an expansion of production to 6,500 tonnes of Total Rare Earth Oxide (“TREO”) by the end of 2027.

The increased competitiveness and resilience of the Company will underpin supply security and future growth for critical industries downstream. This is in line with the Company’s aim to enable the creation of new technologies dependent on REEs that can secure the future of our planet and improve the lives of subsequent generations.

Serra Verde already benefits from attractive operating conditions and strong sustainability credentials due to the location of its operation in an established mining and processing jurisdiction in Brazil, which provides access to renewable electricity, high quality infrastructure, a skilled local workforce and knowledgeable communities. Furthermore, the operation benefits from the advantageous geology of a very large, soft and near-surface ionic clay HREE deposit and low impact operations. As an integrated operator, both mining and processing these elements, the Company produces and sells a high quality Mixed Rare Earth Carbonate (“MREC”).

Sir Mick Davis, Managing Partner of Vision Blue and Chairman of Serra Verde, commented:

“The Financing fully funds the optimisation and expansion of Serra Verde’s operations, derisks its growth and propels it towards the many opportunities of the future.  The DFC’s support is testament to the unique and inherent qualities of Serra Verde’s resource and the professionalism of its management team as well as the support of its Brazilian stakeholders. Vision Blue is proud to have supported Serra Verde and contributed to its development since our initial investment in January 2023.”

Thras Moraitis, CEO of Serra Verde, said:

“Today’s announcement is a strong endorsement of Serra Verde’s pre-eminent strategic importance on the global stage. We are very grateful for the support of the US Government and look forward to working with them to build new, independent value chains. We applaud the administration’s decisive and meaningful action in ensuring high-quality suppliers such as Serra Verde are able to achieve scale and to compete. The DFC’s large scale commitment, of almost US$600m, secures an exciting future for Serra Verde and for many downstream businesses dependent on our rare earths.

“Our shareholders have been vital to the Company’s development and to the delivery of our strategy and high operating standards. I am grateful to the Serra Verde Chairman, Sir Mick Davis, and to members of the Vision Blue team which he also leads, for their combined financial, technical and strategic support.”

ENDS

Contacts

Aura Financial
Michael Oke, Andy Mills
Tel: +44 207 321 0000
info@vision-blue.com