Brazilian Rare Earths raises $78mn for Brazilian rare earth growth

Brazilian Rare Earths

Brazilian Rare Earths raises $78mn to accelerate its flagship Sulista and Monte Alto projects in Brazil. Brazilian Rare Earths raises $78mn through a A$120mn equity placement, giving the company fresh capital for drilling and downstream assets. As a result, Brazilian Rare Earths raises $78mn at a crucial time for non-Chinese rare earth supply diversification.

Brazilian Rare Earths raises $78mn to advance Sulista and Monte Alto

Brazilian Rare Earths raises $78mn by issuing 25.6mn new shares at A$4.68 each. The company will channel these funds into its Sulista and Monte Alto rare earth projects, including a planned separation refinery in Bahia. Drilling at Sulista West has returned total rare earth oxide grades of up to 21pc, underscoring the geological potential.

Meanwhile, BRE is running multiple workstreams in parallel to de-risk the resource base and flowsheet. These include drilling across priority zones, drone-based geophysical surveys and scoping studies on project configuration. The company has not disclosed a firm development timeline, but the funding round signals momentum toward a construction decision.

Carester partnership strengthens downstream rare earth strategy

The Carester partnership anchors BRE’s move further downstream into separated rare earth oxides. Under the agreement, BRE will supply feedstock for up to 150 t/yr of separated dysprosium and terbium oxide to Carester’s Caremag facility in Lacq, France. This offtake helps validate the quality of Brazilian feedstock in a tight heavy rare earth market.

At the same time, Carester will provide engineering, construction and commissioning services for BRE’s planned separation plant in Bahia. This technical support should shorten learning curves and align Brazilian specifications with European customer requirements. Therefore, BRE positions itself as an integrated supplier spanning ore, concentrate and separated oxides into western supply chains.

The Metalnomist Commentary

BRE’s raise highlights growing investor appetite for geographically diversified rare earth supply, particularly for dysprosium and terbium. The combination of high-grade Brazilian resources and European processing expertise could become a meaningful niche competitor to Asian incumbents. Execution risk now shifts to delivering the Bahia separation plant on time and aligning product specs with end-user magnet makers.