Energy & Minerals Group and Vision Blue Invest $150M in Serra Verde

January 11, 2023

The Energy & Minerals Group (EMG) and Vision Blue Resources (VBR) have invested US$150 million into Serra Verde Pesquisa e Mineração Ltda., a Denham Capital portfolio company developing an integrated rare earth element (REE) mining and processing operation in Minaçu, Goiás, Brazil. The capital funds completion of Phase I construction and commissioning, de-risks the project to production and cash flow, and supports further optimization and potential Phase II expansion to supply REEs used in permanent magnets for EVs and wind turbines.

Buyers
The Energy & Minerals Group (EMG), Vision Blue Resources Limited (VBR)
Targets
Serra Verde Pesquisa e Mineração Ltda.
Industry
Energy
Location
Goiás, Brazil
Transaction Type
Growth capital

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