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6 stories mentioning ASX:BREUpdated 7d ago

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Asia

Brazilian Rare Earths Advances Exploration at Brazil Project in June Quarter; Shares Up 3%

Brazilian Rare Earths (ASX:BRE) advanced exploration at the Velhinhas project in Brazil in the quarter ended June 30, intersecting over nine kilometers of rare earth corridors, according to a Thursday filing with the Australian bourse.A geophysics survey confirmed four large-scale north-northeast trending mineralized corridors, extending rare earth mineralization to over eight kilometers south of the Monte Alto deposit, the filing said.The company will now report the deposit and associated regional corridors under a unified Monte Alto District exploration and development framework, per the filing.Shares rose 3% in morning trade Thursday.

ASX:BRE
Asia

Brazilian Rare Earths Says Alurion Reaches AU$50 Million Maximum Subscription for IPO

Brazilian Rare Earths (ASX:BRE) said Alurion Resources accepted applications for 47.6 million new fully paid ordinary shares at AU$1.05 per share under its initial public offer (IPO), representing the maximum subscription of around AU$50 million, according to a Wednesday Australian bourse filing.This came after Brazilian Rare Earths' shareholders approved the demerger of the Amargosa bauxite-gallium project into Alurion. Eligible Brazilian Rare Earths shareholders received priority access, while Alurion directors and management subscribed for over AU$4.5 million.Following the demerger and IPO, Alurion Resources will trade under the proposed ASX code "ALU", with Brazilian Rare Earths retaining a strategic 16% stake, or 39 million shares, in Alurion.

ASX:BRE
Asia

Brazilian Rare Earths Intersects Yttrium-Rich Heavy Rare Earth Mineralization at Brazil's Monte Alto Deposit; Shares Jump 4%

Brazilian Rare Earths (ASX:BRE) intersected yttrium-rich heavy rare earth mineralization during recent drilling at its Monte Alto Deposit in Brazil, according to a Wednesday Australian bourse filing.The results were up to 2.5 meters at 7.5% total rare earth oxide (TREO) from 6 meters, including 1.3 meters at about 11% TREO from 7.2 meters, with 58,249 parts per million (ppm) yttrium oxide, 4,135 ppm dysprosium oxide, 488 ppm terbium oxide, and 1,588 ppm uranium oxide.Follow-up diamond and auger drilling at multiple prospective corridors and numerous untested radiometric and magnetic exploration targets is underway, including the more than 5,000-meter second-phase program at Velhinhas, the filing added.The company's shares jumped 4% in recent Wednesday trade.

ASX:BRE
Asia

Brazilian Rare Earths Says Survey Defines Exploration Corridor at Brazil Project

Brazilian Rare Earths (ASX:BRE) said a high-resolution airborne geophysical survey and reconnaissance diamond drilling at the Velhinhas Corridor in Brazil has defined more than 9 kilometers of cumulative exploration corridor trends, according to a Thursday Australian bourse filing.The company said the survey extends rare earth mineralization to over 8 kilometers south of the ultra-high-grade Monte Alto Deposit, and ultra-high-grade surface samples returned grades of up to about 40% total rare earth oxide (TREO), 21% TREO, and 14% TREO, confirming a strong high-grade surface expression of an extensive mineralized system.Reconnaissance diamond drilling returned grades of 20% TREO; 33,607 parts per million (ppm) neodymium-praseodymium (NdPr); 1,463 ppm dysprosium oxide; 248 ppm terbium oxide; 7,431 ppm yttrium oxide; and 1,087 ppm uranium oxide, the filing added.The survey confirms four north-northeast-trending mineralized corridors, converting numerous ultra-high-grade surface results into a district-scale exploration model, the company said.Brazilian Rare Earths has mobilized an additional diamond drill rig and is advancing a more than 5,000-meter drilling campaign to test priority geophysical anomalies and expand bedrock mineralization, it added.

ASX:BRE
Asia

Brazilian Rare Earths to Demerge Brazil Project as Alurion Resources

Brazilian Rare Earths (ASX:BRE) said it intends to demerge its Amargosa bauxite-gallium project in Brazil into a newly formed ASX-listed company, Alurion Resources, with eligible shareholders to receive 0.5607 Alurion shares for each Brazilian Rare Earth share held at the in-specie record date, according to a Monday Australian bourse filing.The company said Alurion also intends to undertake an initial public offering to raise between AU$30 million and AU$50 million, including a pro-rata priority offer and first-right top-up offer open to eligible shareholders, as well as broker firm and institutional offers of remaining shares.The proposed demerger is designed to establish Alurion as a dedicated bauxite and critical minerals development company with its own board, management team, and capital structure, while enabling Brazilian Rare Earths to remain focused on advancing its rare earth and critical minerals portfolio, it added.

ASX:BRE
Wire

Brazilian Rare Earths Targets Brazil Critical Minerals Province Scoping Study, Mineral Resource Estimate for Mid-2026; Shares Up 4%

Brazilian Rare Earths (ASX:BRE) said that the mineral resource estimate and scoping study for the Rocha da Rocha critical minerals province are both targeted for mid-2026, according to a Monday Australian bourse filing.Sensor-based ore sorting testing validated a simple, dry beneficiation pathway for the Monte Alto project, while a metallurgical optimization program validated low-temperature acid-cure processing at 150 degrees celsius, with a 15 kilograms blended composite scale-up test confirming high extraction performance and strong scalability, the filing said.The company expects to submit an economic development plan for the project to Brazil's National Mining Agency in the June quarter.Brazilian Rare Earths' shares rose nearly 4% in recent trading on Monday.

ASX:BRE

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