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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $4.100 0.01 (0.24%)+
Announcement
Release
25 Mar 2026 9:38AM
Price at Release
$4.090
Full Release
download
Summary
Brazilian Rare Earths Limited (BRE) announced the acquisition of a Trial Mining Licence for their Monte Alto rare earths project in Bahia, Brazil. This licence, granted by Brazil's National Mining Agency, allows BRE to extract up to 2,000 tonnes of product per annum, supporting the company's integrated ore-to-oxides development strategy. The project, which emphasizes a low-impact and capital-efficient model, is set to advance towards commercial operations with the commencement of a pilot plant in Q3 2026. The next significant step for BRE is to submit an Economic Development Plan to ANM to secure a full mining concession.
Key Points
  • BRE has secured a Trial Mining Licence for the Monte Alto project in Bahia, Brazil.
  • The licence allows extraction of up to 2,000 tonnes per annum from Monte Alto.
  • This milestone supports BRE's strategy of integrating upstream production with downstream processing.
  • The project employs a low-impact, quarry-scale model focused on ultra-high-grade mineralisation.
  • Monte Alto is designed with high-yield ore sorting and dry processing to reduce environmental impact.
  • The Camaçari pilot plant is scheduled to commence operations in Q3 2026.
  • BRE aims to submit an Economic Development Plan to ANM in Q2 2026 to progress towards a full mining concession.
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.