Harvest Minerals adds rare earth specialist PVW Resources for Arapua project in Brazil

HOUSTON (ICIS)–Fertilizer producer Harvest Minerals announced it has signed a technical cooperation agreement with PVW Resources Limited, an Australian company specializing in the advancement of rare earth element projects.

The company said this collaboration aims to unlock the rare earth element potential at the Arapua project in Brazil, with the intention of progressing on the asset if results of the fully funded work programs continue to be favorable.

Under the terms, PVW will provide technical expertise for the evaluation of the rare earth element potential of Arapua including reviewing historical data and identifying new targets for resource potential.

Results to date have been positive for Harvest Minerals with the next batch due in October with the data from these results the basis for the next stages.

The ongoing rare earth element work program at Arapua includes re-assaying a large set of rock samples and drilling data to further detail the mineralization.

Upcoming there will be planning for additional drilling for resource expansion and the evaluating of processing methods and beneficiation processes to substantiate the preliminary findings.

The company did say if their fertilizer interests are not impacted by this agreement. At Arapua it has been primarily focused on producing their organic, multi-nutrient fertilizer branded as KP Fertil, which is typically applied in Brazil in lieu of more traditional phosphate fertilizer inputs.

“This partnership opens the door to realizing the rare earth element potential of Arapua, adding further value beyond our established low-cost, high-margin fertilizer business,” said Brian McMaster, Harvest Minerals chairman.

“Brazil has emerged as a major player in the international rare earth element space and PVW is already making inroads into that space. We are extremely fortunate that they have seen the potential at Arapua and agreed to team with us.”