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Asia

Brazilian Rare Earths Says Australian Tax Office Confirms Tax Outcomes for Alurion Demerger; Shares Down 3%

Brazilian Rare Earths (ASX:BRE) said the Australian Taxation Office (ATO) confirmed the income tax consequences for certain eligible shareholders following the demerger of Alurion Resources (ASX:ALU), according to a Friday filing with the Australian bourse.The ATO ruled that the transaction qualified as a "demerger," with eligible shareholders who held their company shares on capital account able to obtain demerger roll-over relief, the filing said.Additionally, the cost base and reduced cost base of shareholders' company shares before the demerger is apportioned over 89% to their Brazilian Rare Earths shares and roughly 11% to the Alurion shares received, per the filing.Brazilian Rare Earths' shares fell nearly 3% in morning trade Friday, while Alurion Resources' shares were down almost 2%.

ASX:ALUASX:BRE
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Tuesday.Sunrise Energy Metals (ASX:SRL): +14%, AU$18.31Predictive Discovery (ASX:PDI): +7%, AU$4.67Core Exploration (ASX:CXO): +5%, AU$0.35Arafura Rare Earths (ASX:ARU): +5%, AU$0.21Downer EDI (ASX:DOW): +5%, AU$6.76EQ Resources (ASX:EQR): +4%, AU$0.38Brazilian Rare Earths (ASX:BRE): +4%, AU$3.82Centuria Capital (ASX:CNI): +4%, AU$1.33Lindian Resources (ASX:LIN): +3%, AU$0.69MAAS Group (ASX:MGH): +3%, AU$5.83

ASX 200ASX:ARUASX:BREASX:CNIASX:CXOASX:DOWASX:EQRASX:LINASX:MGHASX:PDIDBASX:SRL
Asia

Brazilian Rare Earths Commissions Metallurgical Pilot Plant in Brazil; Shares Up 7%

Brazilian Rare Earths (ASX:BRE) advanced its pre-feasibility study with the commissioning of its stage I metallurgical pilot plant in Bahia, Brazil, according to a Tuesday filing with the Australian bourse.The company also secured 6.4 million Brazilian reais in co-funding from Senai Cimatec and its partner organizations, covering roughly 59% of the expected capital and operating costs for the stage II hydrometallurgical pilot plant, the filing said.Detailed design is ongoing, with equipment anticipated to arrive on site in the fourth quarter of the year and commissioning slated for the second quarter of 2027, per the filing.Shares rose nearly 7% in morning trade Tuesday.

ASX:BRE
Asia

Brazilian Rare Earths H1 Loss Widens, Revenue Up; Shares Gain 3%

Brazilian Rare Earths (ASX:BRE) logged a AU$0.1426 loss per share for the first half, compared with a loss of AU$0.0649 a year ago, a Friday filing showed.For the six months ended June 30, interest and other income was AU$3.2 million versus AU$2.3 million previously, the Australia-listed mineral exploration and development company added.Its shares gained 3% in recent Friday trade.

ASX:BRE
Asia

Brazilian Rare Earths Withdraws Brazil Project Production Target, Forecasted Financial Information

Brazilian Rare Earths (ASX:BRE) retracted and withdrew the production target for its Rocha da Rocha project in Brazil and all forecasted financial information because the proportion of inferred mineral resources scheduled in the mine plan from year nine to year 14 resulted in a lack of reasonable basis for the forward-looking statements, according to a Tuesday Australian bourse filing.The underlying Monte Alto and Sulista mineral resource estimates were not retracted, the company said, adding that it instead prepared an integrated Monte Alto and Camaçari case, excluding the Sulista project.The case projects an after-tax net present value of $6 billion at an 8% discount rate and an after-tax internal rate of return of 90% over a nine-year mine life.The average annual neodymium-praseodymium oxide production is forecast at 6,351 tonnes in the first five years and 5,661 tonnes over the life of mine, with average annual triuranium octoxide production of 540 tonnes in the first five years and 466 tonnes over the life of mine.Average annual revenue is forecast at $1.69 billion, with cash operating costs of $214 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.4 billion.The company's shares fell past 1% in recent trading on Tuesday.

ASX:BRE
Asia

Brazilian Rare Earths Reports After-Tax NPV of $7.9 Billion in Rocha da Rocha Scoping Study, Shares Up 9%

Brazilian Rare Earths (ASX:BRE) said a scoping study for its Rocha da Rocha Project supports a first-quartile, integrated heavy rare earth-dominant project with an after-tax net present value of $7.9 billion at an 8% discount rate and an after-tax internal rate of return of 89% over a 14-year mine life, according to a Thursday Australian bourse filing.The company said average annual neodymium-praseodymium oxide production is forecast at 6,351 tonnes in the first five years and 5,276 tonnes over the life of mine, with average annual uranium oxide production of 540 tonnes in the first five years and 362 tonnes over the life of mine.Average annual revenue is forecast at $1.67 billion, with cash operating costs of $232 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.37 billion, the filing added.The company's shares rose 9% in recent Thursday trade.

ASX:BRE
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.4DMedical (ASX:4DX): -8%, AU$4.25ResMed (ASX:RMD): -6%, AU$29.55EchoIQ (ASX:EIQ): -6%, AU$1.46Phylogica (ASX:PYC): -5%, AU$2.02DroneShield (ASX:DRO): -5%, AU$2.16EQ Resources (ASX:EQR): -5%, AU$0.31Block(ASX:XYZ): -4%, AU$113.35Zip (ASX:ZIP): -4%, AU$2.84Brazilian Rare Earths (ASX:BRE): -4%, AU$4.30Macmahon Holdings (ASX:MAH): -3%, AU$1.00

ASX 200ASX:4DXASX:BREASX:DROASX:EIQASX:EQRASX:MAHASX:PYCASX:RMDASX:XYZASX:ZIP
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Thursday.Brazilian Rare Earths (ASX:BRE): +7%, AU$4.26Ora Banda Mining (ASX:OBM): +7%, AU$1.34Mineral 260 (ASX:MI6): +6%, AU$0.70Vault Minerals (ASX:VAU): +6%, AU$5.64Genesis Minerals (ASX:GMD): +6%, AU$6.84Regis Resources (ASX:RRL): +6%, AU$7.11Evolution Mining (ASX:EVN): +6%, AU$13.27AMP (ASX:AMP): +6%, AU$2.31REA Group (ASX:REA): +6%, AU$176.02DPM Metals (ASX:DPM): +5%, AU$57.96

ASX 200ASX:AMPASX:BREASX:DPMASX:EVNASX:GMDASX:MI6ASX:OBMASX:REAASX:RRLASX:VAU
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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