Vale says no current IPO plans for base metals

Vale clarifies to CVM and B3 that there are no ongoing studies or decisions on a Vale Base Metals IPO or similar transaction and no new material facts to disclose.

Rhea-AI Filing Summary

Vale S.A. (VALE) responds to inquiries from the Brazilian securities regulator (CVM) and B3 about a media article suggesting it had abandoned plans to take Vale Base Metals public. The company reiterates its prior March 4, 2026 disclosure as still fully valid.

Vale states that, after inquiries with the management of both Vale and Vale Base Metals, there are no ongoing studies and no management decisions regarding a potential public offering of shares or any other specific transaction involving Vale Base Metals’ capital structure. Vale also confirms it is not aware of any new fact or corporate decision that would require disclosure under CVM Resolution No. 44/2021 and affirms its commitment to promptly disclose any material acts or facts in accordance with applicable regulations.

Key Terms

public offering of shares, capital structure, CVM Resolution No. 44/2021, material acts or facts

4 terms

public offering of shares financial

"regarding a potential public offering of shares or any other specific transaction"

capital structure financial

"any other specific transaction involving VBM’s capital structure"

Capital structure is the way a company finances its operations and growth by using different sources of money, such as borrowed funds (loans or bonds) and owner’s equity (investments from owners or shareholders). It’s like a recipe for baking a cake, where the balance of ingredients affects the final product's strength and taste; similarly, the mix of debt and equity influences a company's stability and risk. For investors, understanding a company's capital structure helps gauge how risky it might be to invest or lend money.

CVM Resolution No. 44/2021 regulatory

"require disclosure pursuant to CVM Resolution No. 44/2021"

material acts or facts regulatory

"will promptly disclose any material acts or facts, in accordance"

FAQ

What did Vale S.A. (VALE) say about plans to take Vale Base Metals public?

Vale stated that there are no ongoing studies and that no decision has been made by the management of Vale or Vale Base Metals regarding a potential public offering of shares or any other specific transaction involving Vale Base Metals’ capital structure.

How did VALE respond to the media article about abandoning a Vale Base Metals IPO?

Vale responded that its previous clarifications from March 4, 2026 remain fully valid. Those clarifications said the company was implementing initiatives to strengthen Vale Base Metals but had no ongoing studies or decisions about a public offering or other capital-structure transaction.

Did Vale S.A. (VALE) disclose any new material fact about Vale Base Metals?

No. Vale stated it has no knowledge of any new fact or corporate decision regarding Vale Base Metals that would change its prior clarifications or require disclosure under CVM Resolution No. 44/2021.

What regulatory bodies did VALE address in this 6-K filing?

Vale addressed the Brazilian Securities and Exchange Commission (CVM) and B3 S.A. – Brasil, Bolsa, Balcão, responding to an inquiry made through Official Letter No. 277/2026-SLE concerning news published in the media.

What commitment does Vale S.A. (VALE) make regarding future disclosures?

Vale states it remains committed to complying with applicable regulations and will promptly disclose any material acts or facts in accordance with the regulations in force, including CVM disclosure rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/08/2026 - 07:14 AM Accepted by SEC EDGAR 09/08/2026 - 07:14 AM Learn about SEC filing dates

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the

Securities Exchange Act of 1934

For the month of

September 2026

Vale S.A.

Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F x Form 40-F ¨

   

Rio de Janeiro, September 8^th, 2026.

To:

Brazilian Securities and Exchange Commission – CVM

Superintendence of Corporate Relations

Attention:

Fernando Soares Vieira, Superintendência de Relações com Empresas – SEP

Ana Lucia da Costa Pereira, Superintendência de Listagem e Acompanhamento de Empresas B3 S.A. – Brasil, Bolsa, Balcão

Subject: Clarifications regarding inquiries from CVM/B3 - News Published in the Media

In a news article published by Valor Econômico on September 4, 2026, entitled “Vale abandons plan to take Vale Base Metals public, newspaper says”, it was reported, among other things, that:

§ Vale has shelved its plans to conduct an initial public offering (IPO) of its base metals unit, Vale Base Metals, amid political pressure stemming from concerns that Brazil could lose control of strategic mining assets, according to the Canadian newspaper The Globe and Mail, citing sources;

§ According to the report, the IPO has been suspended indefinitely, although it may be resumed at a future date; and

§ In March, Vale Base Metals’ Chief Executive Officer, Shaun Usmar, told Bloomberg that the company was working to prepare the business for a potential IPO by mid-year.

In this regard, through Official Letter No. 277/2026-SLE, B3 S.A. – Brasil, Bolsa, Balcão requested clarifications from Vale S.A. (“Vale” or the “Company”).

Accordingly, Vale reiterates that the clarifications previously provided to the market on March 4, 2026¹, in response to Official Letter No. 43/2026/CVM/SEP/GEA-2, remain fully valid. On that occasion, the Company informed the market that it had been implementing operational and strategic initiatives aimed at strengthening the competitiveness and value creation of Vale Base Metals (“VBM”). However, the Company also clarified that there were no ongoing studies, nor had any decision been made by the management of Vale or VBM regarding a potential public offering of shares or any other specific transaction involving VBM’s capital structure.

After conducting the appropriate inquiries with the management of both the Company and VBM, Vale confirms that it has no knowledge of any new fact or corporate decision relating to this matter that would alter the clarifications previously provided to the market or require disclosure pursuant to CVM Resolution No. 44/2021. The Company remains committed to complying with applicable regulations and will promptly disclose any material acts or facts, in accordance with the regulations in force.

Yours sincerely,

Marcelo Feriozzi Bacci

Executive Vice President of Finance and Investor Relations

¹ Available here.

Vale S.A.

Praia de Botafogo, 186, 19º andar, Botafogo

22.250-145 Rio de Janeiro RJ Brasil

www.vale.com vale.ri@vale.com

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Vale S.A. (Registrant)
	By:	/s/ Thiago Lofiego
Date: September 8, 2026		Director of Investor Relations