Jangada Mines PLC has released its annual report and financial statements for the year ended 31 December 2024. The report outlines the company's strategic focus on investing in mining assets in Brazil, with particular emphasis on the Pitombeiras Vanadium Project, located in the state of Ceará. Despite maintaining full ownership of the project, Jangada did not advance its development in 2024, opting instead to conserve cash resources while exploring quicker-to-production assets more aligned with current market conditions. The exploration license for Pitombeiras remains active, with the company awaiting approval from Agência Nacional de Mineração on its Final Exploration Report submitted in May 2024. Jangada Mines also holds investments in Blencowe Resources Limited, Fodere Titanium Limited, and Axies Ventures Limited. The full report can be accessed through the link below.
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