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Brazilian Critical Minerals Limited (ASX:BCM)

ALERT: Price-sensitive ASX Announcement for BCM
Current share price for BCM : $0.042 0.01 (31.25%)+
Announcement
Release
24 Apr 2026 8:12AM
Price at Release
$0.032
Full Release
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Summary
Brazilian Critical Minerals Limited (BCM) provided details of its activities for the quarter ending 31 March 2026. The company continues exploration and permitting activities for its projects in the Apuí region, Brazil, focusing on the Ema Ionic Adsorbed Clay Rare Earth Elements project. Significant progress was made in drilling and metallurgical optimization, with a bankable feasibility study (BFS) targeted for completion in the second quarter of 2026. Notable drilling results include high-grade intercepts that reinforce the potential for in-situ recovery and the scalable nature of the mineral deposit. Cash inflows and outflows were reported, with the company maintaining a strong cash position. BCM is actively engaged in regulatory approvals and has continued its offtake discussions, highlighting the project's strategic positioning due to increasing demand for rare earths.
Key Points
  • Quarterly activities report ending 31 March 2026.
  • Focus on Ema Ionic Adsorbed Clay project in Apuí, Brazil.
  • Bankable feasibility study completion targeted for Q2 2026.
  • Significant drilling results with high-grade rare earth elements.
  • Ongoing regulatory engagement for project permitting.
  • Strong cash position of approximately A$5.5M.
  • Active offtake discussions reflecting strong market demand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.