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entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup. I'm John Bachelor, Professor Avanellis of the U.S. Army War College, the New World Report.

Brazil, there are troubles. Lula de Silva is non-transparent. And yet, there's a rare

earth story in Brazil with the United States. Professor, I saw this in a passing headline,

but I didn't pause. What has happened? Well, it's always nice to have some good news, John,

as Brazil goes toward the October 4th presidential elections, which is going to be very impactful for the region. But Brazil, among its other attributes, being literally half of the territory of South America, has a wealth of minerals. It's long been known that it had a wealth of iron and things like that.

Indeed, one of its chief of companies, the Vali, has been a leader in the region and known globally.

However, in recent years, in places like the state of Glaish, there has been these

rare earth minerals increasingly detected and beginning to map them out. Initially, the Chinese

had made some of the early economic deals to get access to rare earths.

There's a Chinese company called Seymak that had taken an interest in a Brazilian operation

called CBAMM, which is a critical producer of niobium.

About 90% of all niobium outside of China is found there in Brazil in commercially

recoverable quantities.

However, in recent years, as the U.S. has also tried to work to get greater control of rare earth

supply, and there are various different types of rare earths.

But the biggest new play right now is an entity called Sierra Verde, or literally

a green mountain. But the U.S. Development Finance Corporation just sealed a deal, or I should say

expanded a deal in which they're providing loans, totaling now $565 million of dollars, that would give

...