Resouro Selected to Participate in Joint Support Plan Initiative of BNDES and Finep
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, V ancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
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TSX-V Release ASX Release
15 June 2025 16 June 2025
Resouro Strategic Metals Inc.
(ASX: RAU; TSX-V: RSM; FSE: 8TX; OTCQB: RSGOF)
Resouro Selected to Participate in Joint Support Plan
Initiative of BNDES and Finep
Resouro Strategic Metals Inc. ("Resouro" or the "Company") is pleased to announce that its
Tiros Titanium and Rare Earth Elements Project ( “Tiros Project” or “Tiros” or “Project”) in
Minas Gerais, Brazil has been selected by the Brazilian agencies Banco Nacional de
Desenvolvimento Econômico e Social ( National Bank for Economic and Social Development -
BNDES) and Financiadora de Estudos e Projetos (Study and Project Financing Agency - Finep) to
participate in their Joint Support Plan. This initiative identifies the most suitable financial support
mechanisms for each selected project, including credit, equity participation, or non -reimbursable
resources, according to the criteria of the financing institutions.
The Joint Support Plan , which comprises total funding of BRL 5 bil lion (circa US$900 million),
aims to drive investment in production, innovation, and manufacturing involving strategic minerals
such as lithium, graphite, copper, nickel, rare earth elements, and other key inputs essential for
clean and renewable technologies.
A total of 56 business plans were selected to advance and will receive tailored financial support
recommendations from BNDES and Finep to enable the advancement of mineral projects in Brazil.
Resouro’s selection is a welcome addition to the Project and aligns well wi th the Company's
previously announced collaboration with the MagBras Initiative, the Industrial Demonstrator of
the Complete Production Cycle for Rare Earth Permanent Magnets (“ Magbras Initiative” or
“Magbras Project”) announced in November, 20241.
1 Refer ASX announcement of 27 November, 2024 ( TSX-V 26 November, 2024).
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, V ancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
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Resouro holds a 90% interest in Tiros Minerais Estratégicos Mineração Ltda, the owner of the Tiros
Project. With the new financial resources, Resouro intends to advance metallurgical testing to
determine the most effective process flowsheet for extracting titanium oxide and rare earth
elements, which occur in high concentrations within the resources already certified under J ORC
and NI 43-101 standards2. The funding will also support the development and implementation of a
demonstration plant.
Commenting on Resouro’s selection to participate in the Joint Support Plan,
Executive Chairman, Mr. Chris Eager, commented:
“We are extremely proud that the Tiros Project has been recognized and selected by BNDES and
Finep. This important endorsement underscores not only the strategic value and potential of our
Tiros project within the critical minerals sector but also provides Resouro with the financial
confidence to move forward decisively. With this support, we can advance our metallurgical testing,
finalize an optimal flowsheet for the extraction of titanium and rare earth elements from Tiros and
proceed with the development of a demonstration plant. This milestone allows us to maintain
momentum in our technical work without unnecessary delays, paving the way for the successful
development of Tiros as a leading project in the supply of critical minerals essential for the green
energy transition, while also contributing to long-term economic development in Brazil.”
“I would like to thank Resouro Director, Philippe Martins, and the team in Belo Horizonte , for
their work and dedication in completing the detailed application process for the funding.”
The structuring of the Support Plans is scheduled for completion on July 25, 2025. On this date,
selected companies will be notified of the approved funding amounts and the timelines for the
disbursement of financial support.
2 For full details of the Company's latest JORC Mineral Resource Estimate for the Tiros Project, refer to the
announcement released to the ASX on 9 April, 2025 (TSX-V 8 April, 2025).
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, V ancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
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This announcement has been authorized for release by the Board of Directors.
Contact Information:
Chris Eager,
Executive Chair (Santiago)
+44 7388 0579809
Alistair Stephens
Chief Executive Officer (Perth)
+614 88 99 25
Emily Evans, SPOKE
Media and Content Manager
+61 401 337 959
About the Company
Resouro is a Canadian incorporated mineral exploration and development company, listed on the ASX, TSXV ,
OTC and FSE, focused on the discovery and advancement of economic mineral projects in Brazil, including the
Tiros Titanium -Rare Earths Project and the Novo Mundo Gold Project. The Tiros project has 28 mineral
concessions totalling 497 km 2 located in the state of Minas Gerais, one of the best infrastructurally developed
states of Brazil, 350 km from the state capital of Belo Horizonte. Resouro's Mineral Resource Estimate for the
Tiros Project contains 165 million tonne of titanium dioxide and 5.5 million tonne of total rare earths oxides within
a Measured and Indicated Resource of 1.4 billion tonne.
Note: Further details of the Company’ s JORC MRE are contained within the Company’ s ASX announcement of 9
April, 2025/TSX-V 8 April 2025. Resouro is not aware of any new information or data that materially affects the
information included in the Company’ s announcement and that all material assumptions and technical parameters
underpinning the estimates referred to therein continue to apply and have not materially changed.
DOMAIN Category Million Tonne TiO2 % TREO (ppm) MREO (ppm)MREO/TREO ratio
HG (High Grade) Measured 30 24 9,300 2,500 27%
Indicated 74 23 8,900 2,300 26%
M + I 103 23 9,100 2,400 26%
Inferred 33 22 8,300 2,200 26%
MG (Medium Grade) Measured 340 11 3,700 1,000 28%
Indicated 930 11 3,600 1,000 28%
M + I 1,300 11 3,600 1,000 28%
Inferred 470 11 3,400 920 27%
TOTAL (HG+MG) Measured 367 12 4,100 1,100 28%
Indicated 1,000 12 4,000 1,100 27%
M + I 1,400 12 4,000 1,100 28%
Inferred 500 12 3,700 1,000 27%
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, V ancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
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Resouro Strategic Metals Inc., capital structure
ASX Chess Depositary Interests 47,982,256
TSXV Common Stock 44,607,793
Total on Issue 92,590,049
Shares held in Escrow included in Total on Issue 10,979,257
Options issued under the Company Plan 12,495,000
Options issued to Brokers 1,843,643
Warrants issued to Brokers 600,616
Performance Rights 750,000
Fully Diluted Securities 108,279,308
Forward-Looking Information
This news release contains certain "forward -looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. Although we believe that the expectations reflected in the forward -looking information are reasonable,
there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results,
performance or achievements. Consequen tly, there is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results
to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that
could cause the results to differ materially from those expressed in the forward -looking information include, but are
not limited to: general economic conditi ons in Canada and globally; industry conditions, including governmental
regulation and environmental regulation; failure to obtain industry partner and other third party consents and
approvals, if and when required; the need to obtain required approvals fr om regulatory authorities; stock market
volatility; liabilities inherent in the mining industry; competition for, among other things, skilled personnel and
supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation
problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and
dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We
undertake no duty to update any of the forward -looking information to conform such information to actual results or
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not to place undue reliance on forward-looking information.
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