https://newsletter.en.creamermedia.com
Exploration|Mining|PROJECT|Projects|Drilling
Exploration|Mining|PROJECT|Projects|Drilling
exploration|mining|project|projects|drilling

Brazilian Rare Earths raises A$80m in discounted offering

13th June 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Exploration company Brazilian Rare Earths (BRE) has successfully raised A$80-million in a discounted A$3.30-a-share placement.

The proceeds from the placement will be used to accelerate exploration and development at the Monte Alto, Sulista and Pele rare earth projects, including drilling, feasibility studies, permitting and for general working capital and corporate purposes.  

The issue price of A$3.30 a share represents a 9.6% discount to the last closing price of A$3.65 a share. On Thursday, BRE traded at A$3.25 a share.

Founded in 2021, BRE listed on the ASX in late 2023. The company is backed by Australian mining magnate Gina Rinehart.

The exploration company has a district-scale tier-one project encompassing about 1 410 km² within the Rocha da Rocha critical minerals province.

Edited by Creamer Media Reporter

Comments

Latest News

Forestry, Fisheries and the Environment Minister Dr Dion George
DFFE calls for urgent action to end plastic pollution
11th August 2025 By: Sabrina Jardim

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Graduate School Of Technology Management (GSTM)
Graduate School Of Technology Management (GSTM)

Advancing leadership in technology, innovation, and project management excellence

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 08 August 2025
Magazine round up | 08 August 2025
8th August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.168 0.259s - 186pq - 2rq
Subscribe Now