Brazilian Rare E Stock Price, News & Analysis

Brazilian Rare Earths Limited (OTCQX: BRELY) is a basic materials company focused on rare earth elements and critical minerals in the state of Bahia, Brazil. The company is listed on the Australian Securities Exchange under the symbol BRE and trades in the United States on the OTCQX market as BRELY. According to its public announcements, Brazilian Rare Earths is developing what it describes as a world-class critical minerals province in Bahia, with a portfolio that includes rare earths, niobium, scandium, tantalum, uranium, bauxite and gallium.

The company states that its strategy is to establish a fully integrated rare earths and critical minerals supply chain in Brazil. This includes exploration and resource definition at multiple projects, metallurgical test work, pilot plants, and planning for downstream rare earth separation and refining. Brazilian Rare Earths highlights the importance of its projects for advanced industries such as electric vehicles, robotics, energy systems, medical technologies and defence applications, due to the role of rare earths and associated critical minerals in high-performance permanent magnets and other technologies.

Core Projects and Mineral Province

Brazilian Rare Earths’ activities are concentrated within what it refers to as the Rocha da Rocha Rare Earth Province in Bahia. Within this broader province, the company has identified several key project areas:

• Monte Alto Rare Earths Project – Described by the company as its flagship project and among the highest-grade rare earth deposits in the world. Public exploration updates refer to ultra-high-grade REE-Nb-Sc-Ta-U (rare earths–niobium–scandium–tantalum–uranium) mineralisation, high total rare earth oxide (TREO) grades, and strong contents of magnetic rare earths such as neodymium and praseodymium (NdPr) along with heavy rare earths dysprosium and terbium (DyTb). Metallurgical test work has produced a high-purity mixed-rare-earth carbonate (MREC) and a uranium peroxide (yellowcake) co-product from Monte Alto material.
• Sulista Rare Earth District – Located approximately 80 km southwest of Monte Alto, Sulista has been upgraded by the company to a high-grade rare earth district. Exploration results refer to multiple mineralised corridors, shallow high-grade rare earth mineralisation, and ultra-high-grade outcrop boulders with high TREO and NdPr values, as well as DyTb, niobium, scandium, tantalum and uranium. The company has reported separate zones such as Sulista East, Sulista West and Sulista North, with drilling and auger programs underway.
• Pelé Project – In company reports, Pelé is described as a district-scale high-grade rare earth project. Exploration at Pelé Target 1 has identified high-grade rare earth outcrops and monazite sands with elevated TREO, NdPr, DyTb, niobium, scandium, tantalum and uranium.
• Amargosa Bauxite-Gallium Project – A large-scale bauxite and gallium project in Bahia, acquired from Rio Tinto. Brazilian Rare Earths has announced a maiden Mineral Resource Estimate for Amargosa, describing a large bauxite province with premium alumina grades and significant contained gallium. The company emphasises the presence of direct-ship bauxite (DSB) material and processed bauxite potential, as well as substantial contained gallium, which it views as a strategic opportunity for semiconductor and high-performance magnet supply chains.

Rare Earths, Critical Minerals and Product Strategy

Brazilian Rare Earths’ public statements outline a product strategy focused on several high-value outputs from its rare earth and critical mineral projects. From Monte Alto mineralisation and related processing flowsheets, the company aims to produce:

• NdPr oxide – A critical rare earth product used in permanent magnets.
• SEG+ product – A heavy rare earth-rich concentrate containing dysprosium, terbium, samarium, gadolinium and yttrium.
• Uranium yellowcake – Produced as a co-product via uranium peroxide precipitation.
• Co-product streams – Potential additional products including niobium, tantalum and scandium.

Metallurgical test work with ANSTO Minerals has, according to company disclosures, demonstrated high leaching extractions for NdPr, Dy and Tb and high overall recovery from run-of-mine Monte Alto material to high-purity MREC. The company notes that bypassing mineral beneficiation in a direct mineral-to-MREC route may provide capital and operating cost advantages and higher total rare earth yields, based on its test work results.

Processing, Pilot Plants and Infrastructure

Brazilian Rare Earths has announced several steps toward downstream processing and industrialisation in Brazil. It has received final operating authorisation from Brazil’s National Authority on Nuclear Safety (ANSN) for a rare earth beneficiation and hydrometallurgy pilot plant and laboratory facility at the Camaçari Petrochemical Complex in Bahia. The company plans to use this pilot plant to optimise beneficiation and hydrometallurgy pathways for its high-grade and ultra-high-grade rare earth mineralisation, confirm technical parameters, and support downstream rare earth separation process development.

In addition, Brazilian Rare Earths has signed a binding agreement with SENAI CIMATEC, a Brazilian research and educational institution based in Salvador, Bahia, for the joint development of a bench-scale laboratory and pilot plant for beneficiation of the company’s high-grade rare earth ores. SENAI CIMATEC and partner organisations are expected to provide a majority of the funding for this facility, which will be located within the SENAI CIMATEC Industrial Development Park in Salvador, near the Camaçari complex. The partnership is intended to support optimisation of rare earth beneficiation and potential future hydrometallurgical and separation plants.

The company also highlights advantages of locating industrial-scale rare earth processing at the Camaçari Petrochemical Complex, including established industrial infrastructure, coordinated permitting, access to chemical reagents, ports, power, and a skilled workforce.

Strategic Partnerships and Offtake Agreements

Brazilian Rare Earths has disclosed several strategic relationships that underpin its business plans:

• Carester SAS – The company has executed strategic agreements with Carester, a rare earth processing specialist. These include a binding 10-year heavy rare earth offtake agreement under which Carester will purchase heavy rare earth concentrate from Brazilian Rare Earths for processing at Carester’s Caremag plant in Lacq, France, targeting production of separated dysprosium and terbium oxides. Carester will also provide engineering, construction and commissioning services for Brazilian Rare Earths’ planned integrated rare earth separation plant at the Camaçari Petrochemical Complex.
• Port of Enseada – For the Amargosa Bauxite-Gallium Project, the company has signed a memorandum of understanding with the Port of Enseada covering mine-to-port export logistics for bauxite. Company materials describe Amargosa as benefiting from existing highways linking the project area to the Enseada export port.
• Rio Tinto – Brazilian Rare Earths acquired the Amargosa bauxite project from Rio Tinto and subsequently agreed with Rio Tinto to replace a production-linked milestone payment with a fixed per-tonne royalty on future bauxite sales, which the company states provides greater funding flexibility.
• SENAI CIMATEC – As noted, SENAI CIMATEC is a key technical and funding partner for laboratory and pilot plant development.

The company has also reported participation in the MagBras Project, an initiative backed by Brazilian state agencies to develop a domestic mine-to-magnet rare earth supply chain in Brazil, and has indicated that it has been shortlisted in a Brazilian strategic minerals funding program managed by Finep and BNDES.

Amargosa Bauxite-Gallium Project

The Amargosa Bauxite-Gallium Project in Bahia is described by Brazilian Rare Earths as an advanced-stage, large-scale bauxite project with a significant gallium component. A maiden Mineral Resource Estimate announced by the company outlines a large tonnage of bauxite with total available alumina (TAA) and low reactive silica index (RSI), including a portion classified as direct-ship bauxite and an additional processed bauxite product. The same disclosure notes contained gallium in the resource, which the company views as positioning Amargosa for emerging strategic gallium supply chains.

Brazilian Rare Earths emphasises that Amargosa is located in what it calls a leading jurisdiction in Bahia, with a mature regulatory framework and strong government support for mineral development. The project is said to benefit from established highways, hydropower, high-voltage transmission lines, multiple export port options, and potential future rail integration via the FIOL railway and Porto Sul. The company has engaged RPM Global to expedite JORC-compliant bauxite and gallium Mineral Resource and Scoping Study work and has discussed strategic options for Amargosa, such as joint ventures, de-mergers or other corporate structures, in its public reports.

Exploration Focus and Geological Model

Across Monte Alto, Sulista and Pelé, Brazilian Rare Earths describes a geological setting characterised by high-grade rare earth mineralisation, often associated with monazite sands and bedrock systems enriched in multiple critical elements. Company announcements refer to:

• Ultra-high-grade TREO intercepts at Monte Alto, including very high NdPr and DyTb contents.
• High-grade monazite-sand horizons at Sulista East and Pelé, with significant TREO and NdPr values.
• Outcrop and boulder samples at Sulista West and Sulista North with high TREO and associated niobium, scandium, tantalum and uranium.
• Exploration targets at Sulista defined over several kilometres of strike, supported by auger drilling, radiometric anomalies and high-grade outcrops.

The company frequently refers to its “exploration pathfinder model” and suggests that results at Sulista demonstrate the repeatability of the model across its 180 km province-scale land position in Bahia. It has also reported airborne magnetics and regional discoveries indicating a larger, interconnected high-grade mineral system around Monte Alto.

Corporate and Financial Position

Brazilian Rare Earths’ quarterly reports indicate that it is progressing from an exploration-focused company toward project development, with ongoing feasibility and scoping studies. The company has reported cash balances in its quarterly updates and has stated that it is well funded for planned exploration and feasibility work programs through a defined period. It has also highlighted inclusion in a Brazilian strategic minerals funding program, with its initial application approved and shortlisted for the next phase, which involves detailed work planning and funding structure discussions.

Business Model and Sector Role

Within the Other Precious Metals & Mining industry and the broader Basic Materials sector, Brazilian Rare Earths positions itself as a developer of rare earth and critical mineral projects with both upstream and downstream components. Upstream, it focuses on exploration, resource definition and early-stage project evaluation for rare earths, bauxite and gallium in Bahia. Downstream, it is investing in pilot plants, metallurgical test work and partnerships aimed at beneficiation, hydrometallurgy and rare earth separation, with the goal of producing separated rare earth oxides, heavy rare earth concentrates and uranium yellowcake in Brazil, and supplying feedstock to external separation facilities such as Carester’s Caremag plant in France.

According to its public communications, the company’s long-term objective is to help establish Brazil as a hub for rare earth and critical mineral production, with particular emphasis on heavy rare earths such as dysprosium and terbium, as well as NdPr for permanent magnets. Its projects are presented as potential contributors to diversified and secure supply chains for critical minerals used in energy transition and advanced technologies.

Frequently Asked Questions

• What does Brazilian Rare Earths Limited do?
  
  Brazilian Rare Earths Limited is focused on exploring and developing rare earth and critical mineral projects in Bahia, Brazil. The company’s portfolio includes the Monte Alto, Sulista and Pelé rare earth projects and the Amargosa Bauxite-Gallium Project, with an emphasis on high-grade rare earths, niobium, scandium, tantalum, uranium, bauxite and gallium.
• Where does Brazilian Rare Earths operate?
  
  The company’s projects are located in the state of Bahia, Brazil. Its rare earth activities are concentrated in what it calls the Rocha da Rocha Rare Earth Province, including Monte Alto, Sulista and Pelé, while the Amargosa Bauxite-Gallium Project is also in Bahia.
• What are the main products Brazilian Rare Earths aims to produce?
  
  Based on its public statements, the company’s product strategy includes NdPr oxide, a heavy rare earth-rich SEG+ concentrate, uranium yellowcake, and potential co-product streams of niobium, tantalum and scandium. It also plans to produce bauxite and potentially gallium products from the Amargosa project.
• What is special about the Monte Alto Project?
  
  Brazilian Rare Earths describes Monte Alto as its flagship rare earth project and among the highest-grade rare earth deposits in the world. Company announcements highlight ultra-high-grade TREO intercepts, high contents of NdPr and DyTb, and successful metallurgical test work that produced high-purity mixed-rare-earth carbonate and uranium peroxide from Monte Alto mineralisation.
• What is the Sulista Rare Earth District?
  
  The Sulista Project, located about 80 km southwest of Monte Alto, has been upgraded by the company to a high-grade rare earth district. Exploration results indicate multiple mineralised corridors, shallow high-grade rare earth mineralisation, and ultra-high-grade outcrops and boulders, with significant TREO, NdPr, DyTb, niobium, scandium, tantalum and uranium.
• What is the Amargosa Bauxite-Gallium Project?
  
  Amargosa is a large-scale bauxite and gallium project in Bahia, acquired from Rio Tinto. Brazilian Rare Earths has reported a maiden Mineral Resource Estimate defining a large bauxite province with premium alumina grades, low reactive silica and significant contained gallium. The company emphasises the potential for direct-ship bauxite and processed bauxite products, along with strategic gallium supply potential.
• How is Brazilian Rare Earths advancing downstream processing?
  
  The company is developing a rare earth beneficiation and hydrometallurgy pilot plant at the Camaçari Petrochemical Complex in Bahia, with final operating authorisation from Brazil’s National Authority on Nuclear Safety. It has also partnered with SENAI CIMATEC to build a laboratory and pilot plant in Salvador, Bahia, and is planning an integrated rare earth separation plant at Camaçari with engineering support from Carester.
• What partnerships has Brazilian Rare Earths announced?
  
  Key partnerships disclosed by the company include a 10-year heavy rare earth offtake and technical services agreement with Carester, a cooperation agreement with SENAI CIMATEC for laboratory and pilot plant development, a logistics memorandum of understanding with the Port of Enseada for Amargosa bauxite, and participation in the MagBras Project for a domestic mine-to-magnet supply chain in Brazil.
• On which exchanges does Brazilian Rare Earths trade?
  
  Brazilian Rare Earths Limited is listed on the Australian Securities Exchange under the ticker BRE and trades on the OTCQX market in the United States under the symbol BRELY.
• What sector and industry is Brazilian Rare Earths in?
  
  The company is classified in the Basic Materials sector, within the Other Precious Metals & Mining industry, with a focus on rare earth elements, critical minerals, bauxite and gallium.