Core Insights - Atlas Critical Minerals Corporation reported strong initial results for rare earth and titanium from its Alto do Paranaíba Project in Brazil, indicating significant potential for near-surface mineralization [1][5][30] Group 1: Project Overview - The Alto do Paranaíba Project covers over 25,000 hectares and is strategically located within a major volcano-sedimentary geological sequence [2] - The geological setting includes the Mata da Corda Group, which consists of the sedimentary Capacete Formation and the volcanic Patos Formation, providing excellent exploration potential for rare earth elements and titanium [5] Group 2: Surface Sampling Results - The initial exploration campaign involved 770 surface samples, revealing consistently high grades across three exploration blocks [6] - Block 1 highlights include samples with grades of 5,984 ppm TREO, 1,700 ppm MREO, and 14.8% TiO2 [9] - Block 2 highlights include samples with grades of 7,091 ppm TREO, 2,023 ppm MREO, and 11.9% TiO2 [10] - Block 3 highlights include a sample with 28,870 ppm TREO, 7,493 ppm MREO, and 16.5% TiO2 [16] Group 3: Drilling Campaign Results - The initial auger drilling campaign included 11 drillholes totaling 144 meters, with significant intercepts such as 12m at 5,961 ppm TREO and 1,690 ppm MREO [22] - Average TREO grades by block were 3,157 ppm for Block 1, 2,312 ppm for Block 2, and 4,906 ppm for Block 3, with Block 3 showing high Nd+Pr averages up to 1,108 ppm [24] Group 4: Geological and Mineralization Insights - The project benefits from intense laterization processes typical of Brazil's tropical climate, leading to enrichment of titanium and rare earth elements [25] - The strong correlation between rare earth elements and titanium, along with the geological unit's magnetism, enhances the effectiveness of geophysical surveys for future exploration [26] Group 5: Quality Assurance - All samples were analyzed by SGS Geosol, a leading analytical laboratory in Brazil, with quality control measures including blanks, duplicates, and standards representing 22% of the analytical run [28]