PVW Resources (ASX: $PVW) Capital Raise and Acquisition Announcement

PVW Resources Limited (ASX: $PVW) has successfully secured commitments of A$1,150,000 for a two-stage share placement to support the proposed acquisition of Brazil-registered Scanty Mineracao Ltda. The first tranche of 25 million shares will be undertaken under current placement capacity under listing Rule 7.1 and 7.1A, with the second tranche of 32.5m shares to be issued subject to shareholder approval. The funds raised will be used for the acquisition of Scanty Brazil, exploration, assessing other project opportunities, and working capital.

Executive Commentary on Rare Earth Element Acquisition and Capital Raise

PVW Resources is pleased to announce the successful commitment of A$1,150,000 for the capital raise, which will support the acquisition of Scanty Brazil. This strategic move will provide PVW with a significant position in the rapidly emerging Brazilian rare earths industry. The acquisition of Scanty Brazil, with its highly prospective portfolio of Rare Earth Element projects, aligns with our goal of building a substantial new rare earths business. The funds raised will also facilitate exploration, assessment of other project opportunities, and provide working capital, positioning PVW for future growth and success in the rare earths industry.

Summary of PVW Resources (ASX: $PVW) Announcement

PVW Resources (ASX: $PVW) has successfully secured A$1,150,000 in funding to support the acquisition of Scanty Brazil, the holder of a major portfolio of highly prospective ionic clay Rare Earth Element projects in Brazil. The acquisition provides PVW with an exciting pipeline of opportunities to explore for Rare Earth Elements in strategically prospective regions of Brazil. The funds will also be utilized for exploration, project assessment, and working capital. PVW's move into Brazil's rare earths industry positions the company to capitalize on the growing demand for Rare Earth Elements, contributing to global GDP and driving technology for energy efficiency and innovation.