Brazilian Rare Earths secures $120m through placement of 25.6 million shares at $3.05 each. Funds will accelerate rare earth projects in Brazil and refinery development in Bahia. Issue price reflects minimal discount to recent market prices. Petra Capital and Canaccord Genuity lead placement.

Strategic agreements with Carester bolster Brazilian Rare Earths’ position in rare earth production. Focus on supplying neodymium, praseodymium, dysprosium, terbium, and uranium. Ten-year supply deal for heavy rare earth elements supports high-value separation activities in France. Brazil aims to become a key player in rare earth production.

Previous fundraising efforts saw Brazilian Rare Earths secure $80m for exploration and development. The company continues to advance key projects in Brazil with a focus on high-grade rare earths. The latest placement further strengthens the company’s position in the market.

Read more at Yahoo Finance: BRE raises $78m for rare earth projects in Brazil