Brazilian Rare Earths (BRE) raises A$80m through discounted share placement for exploration and development of its rare earth projects.
Brazilian Rare Earths (BRE) raises A$80 million in a discounted share placement at A$3.30 each, to accelerate exploration and development of its Monte Alto, Sulista, and Pele rare earth projects. The issue price represents a 9.6% discount to the last closing price of A$3.65. The funds will be used for drilling, feasibility studies, permitting, and general working capital and corporate purposes.
June 13, 2024
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