PVW Resources (ASX: $PVW) Quarterly Activities Report June 2024

PVW Resources (ASX: $PVW) has successfully secured commitments of A$1,150,000 for a two-stage share placement to support the Company's proposed acquisition of Brazil-registered Scanty Mineracao Ltda. The funds raised will also be utilized for exploration, assessing other project opportunities, and working capital. The Company will convene a general meeting of shareholders to seek approval for the acquisition and the Placement. Additionally, PVW has appointed Alistair Stephens as the Chief Executive Officer during this quarter.

PVW's Acquisition of Scanty Brazil and Future Exploration Plans

PVW Resources has made significant progress by securing a strategic position in the Brazilian rare earths industry through the acquisition of Scanty Mineracao Ltda. The acquisition provides access to a highly prospective portfolio of Rare Earth Element projects across Brazil, offering the opportunity for significant new ionic clay REE discoveries in underexplored areas. The Company's move into Brazil aligns with the growing demand for critical minerals and positions PVW as a key player in the rapidly emerging Brazilian resources industry. The Company's exploration activities in Brazil, Kalgoorlie Gold Project, Tanami Project, Gascoyne Project, and Tomkinson (NT) Project are aimed at identifying and developing new sources of critical minerals to contribute to the global supply chain.

Outlook and Corporate Strategy

PVW Resources' acquisition of Scanty Brazil marks a significant milestone in the Company's expansion into the Brazilian rare earths industry. The successful capital funding of $1,150,000 demonstrates investor confidence in PVW's strategic initiatives. The Company's focus on exploration activities in Brazil and other prospective geological terrains reflects its commitment to identifying and developing new sources of critical minerals. With the appointment of Alistair Stephens as the Chief Executive Officer and the ongoing evaluation of exciting opportunities, PVW is poised to capitalize on the growing demand for rare earth elements and other critical minerals. The Company's outlook remains optimistic as it continues to pursue its corporate strategy of expanding its project portfolio in Tier-1 mining jurisdictions and contributing to the global supply chain of critical minerals.