Will Serra Verde MREC production for the 6 months ending September 2026 exceed 8000 t?
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This market resolves YES if Serra Verde trailing 6-month MREC production at Pela Ema exceeds 8000 tonnes on December 31, 2026.
- What is being measured: Total Mixed Rare Earth Concentrate (MREC) produced at Serra Verde's Pela Ema site (Cavalcante/Minaçu, Goiás, Brazil), in metric tonnes, for the 6-month period ending 3 months before December 31, 2026.
- Measurement window:
- Settlement June 30: October (prior year) – March (current year) total
- Settlement December 31: April – September (current year) total
- Unit conversion: If Serra Verde reports in TREO tonnes, apply the Pela Ema TREO grade (~35% TREO in MREC) to convert: MREC tonnes = TREO tonnes / 0.35.
