Brazilian Rare Earths June 2025 Quarterly Report
Brazilian Rare Earths (OTCQX:BRELY) reported significant progress in Q2 2025 across its rare earth elements and critical minerals projects. The company's Sulista West project demonstrated exceptional results with grades up to 21% TREO and discovered a new "Outcrop Ridge" with samples up to 20.6% TREO. At Monte Alto, the company successfully produced high-purity Mixed-Rare-Earth Carbonate (MREC) with 86-90% TREO extraction rates.
The company secured strategic partnerships including a R$8.2 million (~A$2.3 million) agreement with SENAI CIMATEC for laboratory and pilot plant development. The Amargosa Bauxite-Gallium Project revealed exceptional gallium grades up to 190 ppm Ga2O3. BRE was included in Brazil's BRL 5 billion Strategic Minerals Funding Program and signed the MagBras project cooperation agreement for domestic mine-to-magnet supply chain development. The company maintains a strong financial position with A$67.3 million in cash as of June 30, 2025.
Brazilian Rare Earths (OTCQX:BRELY) ha riportato progressi significativi nel secondo trimestre del 2025 nei suoi progetti di terre rare e minerali critici. Il progetto Sulista West ha mostrato risultati eccezionali con concentrazioni fino al 21% di TREO, scoprendo inoltre una nuova formazione chiamata "Outcrop Ridge" con campioni fino al 20,6% di TREO. A Monte Alto, l'azienda ha prodotto con successo Carbonato di Terre Rare Miste (MREC) ad alta purezza con tassi di estrazione del TREO tra l'86% e il 90%.
L'azienda ha ottenuto partnership strategiche, incluso un accordo da R$8,2 milioni (~A$2,3 milioni) con SENAI CIMATEC per lo sviluppo di laboratori e impianti pilota. Il Progetto Bauxite-Gallio Amargosa ha rivelato concentrazioni eccezionali di gallio fino a 190 ppm Ga2O3. BRE è stata inclusa nel Programma di Finanziamento per Minerali Strategici da 5 miliardi di BRL del Brasile e ha firmato l'accordo di cooperazione per il progetto MagBras, volto a sviluppare una filiera nazionale dalla miniera al magnete. L'azienda mantiene una solida posizione finanziaria con 67,3 milioni di dollari australiani in cassa al 30 giugno 2025.
Brazilian Rare Earths (OTCQX:BRELY) reportó avances significativos en el segundo trimestre de 2025 en sus proyectos de elementos de tierras raras y minerales críticos. El proyecto Sulista West mostró resultados excepcionales con grados de hasta 21% TREO y descubrió una nueva formación llamada "Outcrop Ridge" con muestras de hasta 20.6% TREO. En Monte Alto, la compañía produjo con éxito Carbonato Mixto de Tierras Raras (MREC) de alta pureza con tasas de extracción de TREO entre 86% y 90%.
La empresa aseguró asociaciones estratégicas, incluyendo un acuerdo de R$8.2 millones (~A$2.3 millones) con SENAI CIMATEC para el desarrollo de laboratorio y planta piloto. El Proyecto de Bauxita-Galio Amargosa reveló grados excepcionales de galio de hasta 190 ppm Ga2O3. BRE fue incluida en el Programa de Financiamiento de Minerales Estratégicos de Brasil por 5 mil millones de BRL y firmó el acuerdo de cooperación para el proyecto MagBras, enfocado en desarrollar una cadena de suministro nacional desde la mina hasta el imán. La compañía mantiene una posición financiera sólida con A$67.3 millones en efectivo al 30 de junio de 2025.
Brazilian Rare Earths (OTCQX:BRELY)는 2025년 2분기 희토류 및 핵심 광물 프로젝트에서 상당한 진전을 보고했습니다. 회사의 Sulista West 프로젝트는 TREO 함량이 최대 21%에 달하는 뛰어난 결과를 보였으며, 최대 20.6% TREO 샘플이 발견된 새로운 "Outcrop Ridge"를 발견했습니다. Monte Alto에서는 86-90% TREO 추출률로 고순도 혼합 희토류 탄산염(MREC)을 성공적으로 생산했습니다.
회사는 SENAI CIMATEC와 실험실 및 파일럿 플랜트 개발을 위한 R$8.2백만(~A$2.3백만) 계약을 포함한 전략적 파트너십을 확보했습니다. Amargosa 보크사이트-갈륨 프로젝트에서는 최대 190 ppm Ga2O3의 뛰어난 갈륨 등급이 확인되었습니다. BRE는 브라질의 50억 BRL 전략 광물 자금 지원 프로그램에 포함되었으며, 국내 광산부터 자석 공급망 개발을 위한 MagBras 프로젝트 협력 계약을 체결했습니다. 회사는 2025년 6월 30일 기준 A$6,730만 현금을 보유하며 재무 상태가 견고합니다.
Brazilian Rare Earths (OTCQX:BRELY) a annoncé des progrès significatifs au deuxième trimestre 2025 dans ses projets d'éléments de terres rares et de minéraux critiques. Le projet Sulista West a présenté des résultats exceptionnels avec des teneurs allant jusqu'à 21% TREO et a découvert une nouvelle formation "Outcrop Ridge" avec des échantillons atteignant 20,6% TREO. À Monte Alto, la société a réussi à produire du carbonate mixte de terres rares (MREC) de haute pureté avec des taux d'extraction TREO de 86 à 90%.
L'entreprise a sécurisé des partenariats stratégiques, dont un accord de R$8,2 millions (~A$2,3 millions) avec SENAI CIMATEC pour le développement de laboratoires et d'unités pilotes. Le projet Bauxite-Gallium d'Amargosa a révélé des teneurs exceptionnelles en gallium jusqu'à 190 ppm Ga2O3. BRE a été incluse dans le programme de financement des minéraux stratégiques du Brésil d'une valeur de 5 milliards de BRL et a signé un accord de coopération pour le projet MagBras visant à développer une chaîne d'approvisionnement nationale de la mine à l'aimant. La société maintient une solide position financière avec 67,3 millions de dollars australiens en liquidités au 30 juin 2025.
Brazilian Rare Earths (OTCQX:BRELY) meldete im zweiten Quartal 2025 bedeutende Fortschritte bei seinen Projekten für Seltene Erden und kritische Mineralien. Das Sulista West Projekt erzielte herausragende Ergebnisse mit Gehalten von bis zu 21% TREO und entdeckte eine neue "Outcrop Ridge" mit Proben von bis zu 20,6% TREO. In Monte Alto produzierte das Unternehmen erfolgreich hochreines gemischtes Seltene-Erden-Carbonat (MREC) mit TREO-Rückgewinnungsraten von 86-90%.
Das Unternehmen sicherte sich strategische Partnerschaften, darunter eine Vereinbarung über R$8,2 Millionen (~A$2,3 Millionen) mit SENAI CIMATEC für die Entwicklung von Labor- und Pilotanlagen. Das Amargosa Bauxit-Gallium-Projekt zeigte außergewöhnliche Gallium-Gehalte von bis zu 190 ppm Ga2O3. BRE wurde in Brasiliens 5 Milliarden BRL schweres Förderprogramm für strategische Mineralien aufgenommen und unterzeichnete die Kooperationsvereinbarung für das MagBras-Projekt zur Entwicklung einer inländischen Lieferkette von der Mine zum Magneten. Das Unternehmen verfügt über eine starke Finanzlage mit A$67,3 Millionen in bar zum 30. Juni 2025.
- Ultra-high-grade discoveries at Sulista West with up to 21% TREO and 43,667 ppm NdPr
- Successful production of high-purity MREC with 86-90% TREO extraction rates
- Secured R$8.2 million strategic partnership with SENAI CIMATEC
- Amargosa Project revealed exceptional gallium grades up to 190 ppm Ga2O3
- Strong cash position of A$67.3 million for operations through 2026
- Inclusion in Brazil's BRL 5 billion Strategic Minerals Funding Program
- Rio Tinto royalty agreement requires US$1.00/wet tonne payment on future bauxite sales
SYDNEY, July 29, 2025 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) (‘BRE’) is pleased to report substantial progress across its portfolio of rare earth elements and critical minerals projects during the quarter ended 30 June 2025, with key milestones achieved that materially advance BRE’s transition from exploration to development. Key highlights during the quarter included:
Sulista West confirmed as an ultra high-grade project
- Diamond drilling at Sulista West returned further impressive grades of up to
21% TREO, including grades of 43,667 ppm NdPr, 1,660 ppm DyTb, 27,740 ppm Nb₂O₅ and 378 ppm Sc₂O₃ - Drilling returned the highest uranium and tantalum grades since exploration began in 2021 - with ultra-high grades of up to 8,211 ppm uranium oxide (U3O8) and up to 2,803 ppm tantalum oxide (Ta2O5)
- New “Outcrop Ridge” discovery with grab samples of up to
20.6% TREO across an exposed ridgeline located on strike 2.5 km southwest of the Sulista West deposit - highlighting extension potential across an extensive 3.5 km Sulista West strike - The Sulista West exploration results significantly reinforce confidence that the Rocha da Rocha Province has the potential to host numerous Monte Alto-style ultra-high-grade rare earth deposits
Monte Alto metallurgical results deliver high-purity MREC and yellowcake product
- Successfully produced a high-purity Mixed-Rare-Earth Carbonate (MREC) product that meets quality specifications for conventional solvent-extraction separation circuits
- High recoveries of magnetic rare earth elements NdPr and DyTb via hydrometallurgical leaching, with TREO extraction rates between 86
-90% - Successful extraction of valuable uranium co-product with precipitation of uranium peroxide (a form of yellowcake)
- Direct ‘run-of-mine’ mineral-to-MREC route, bypassing mineral beneficiation, unlocks both capex and opex advantages and increases total rare-earth yields
- Metallurgical studies now progressing to production of separated NdPr rare earth products and potential recovery of valuable co-products, including niobium, tantalum and scandium
BRE secures strategic partnership with SENAI CIMATEC
- Binding agreement with SENAI CIMATEC, a leading Brazilian research and educational institution renowned for its technological capabilities, to jointly develop both a laboratory and a pilot plant facility in Bahia, Brazil
- SENAI CIMATEC and associated partner organizations will provide funding of approximately R
$8.2
million (~A$2.3 million ) - The pilot plant and laboratory partnership will enable BRE to optimise rare earth beneficiation processes to support downstream process development ahead of production
Amargosa Bauxite-Gallium Project unlocks new province-scale value pathways
- Amargosa is an advanced stage, large-scale bauxite project acquired from Rio Tinto in 2023, adjacent to select BRE rare earth tenements in Bahia, Brazil
- 56,919 metres of historic drilling confirmed thick, high-grade bauxite intervals - including 27.5 metres at
51.3% total available alumina content - with low levels of reactive silica and iron - BRE and Rio Tinto replaced the US
$40m bauxite production-linked milestone payment at Amargosa with a fixed priced US$1.00 /wet tonne royalty on future bauxite sales, providing greater funding flexibility - Re-assays of 1,275 bauxite samples revealed a new gallium discovery with exceptional grades of up to 190 ppm Ga2O3, and a mean grade of 75 ppm Ga2O3
- The assay results place Amargosa among the highest-grade undeveloped gallium prospects globally,
with the potential to deliver strategic gallium supply amid ongoing geopolitical disruptions to
global gallium markets - Given the potential scale and quality of the bauxite-gallium prospects, RPM Global has been appointed to expedite a JORC-compliant bauxite and gallium Mineral Resource and Scoping Study
BRE included in Brazilian critical minerals funding project
- The Brazilian Financial Agency for Studies and Projects (Finep) and the National Bank for Economic and Social Development (BNDES) have created a BRL 5 billion Strategic Minerals Funding Program
- The Program is an initiative designed to support the development of companies engaged in strengthening the supply chains of strategic minerals that enable the energy transition and decarbonisation technologies
- In June 2025 BRE’s initial application was approved and shortlisted for the next phase of the funding program, which involves submitting a detailed work plan and establishing a funding structure
- The BRE team is now working closely with Finep/BNDES to secure the optimal funding package for BRE
BRE signs MagBras project cooperation agreement
- In May 2025 BRE signed a cooperation agreement for the MagBras Project, which is an initiative backed by Brazilian state agencies to establish a fully domestic mine-to-magnet rare earths supply chain in Brazil
- The initiative will involve the development of a rare earth magnet pilot plant at the Rare Earth Institute (CIT SENAI ITR), located in Lagoa Santa, Minas Gerais, which is receiving Brazilian state funding to become the largest applied research centre in the production of permanent magnets in South America
- The initiative will research and develop metallurgical processes, magnet design, and rare earth separation techniques using rare earth samples from contributors such as BRE to validate production methods
- The MagBras Project has partnered with major industry participants such as Stellantis, Vale, Schulz, Mosaic, and Weg to collaborate on the R&D and to facilitate future joint development opportunities
Strong financial position
- At 30 June 2025, BRE held A
$67.3 million in cash - Well funded for planned exploration and feasibility work programs through 2026
A link to full details of the quarterly report can be found here.
Contacts
Bernardo Da Veiga, Managing Director and CEO
investors@brazilianrareearths.com
www.brazilianrareearths.com
FAQ
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