Brazilian Rare Earths Limited (ASX:BRE) (BRE) is pleased to announce that its shares will commence trading on the Australian Securities Exchange (ASX) on 21 December 2023 at 11.00am (AEDT) under the code ASX:BRE.
BRE successfully completed an Initial Public Offering to raise A$50 million at an issue price of A$1.47 per share, with Canaccord Genuity (Australia) Limited acting as Lead Manager and Underwriter and Petra Capital Pty Ltd acting as CoLead Manager.
Commenting on the ASX listing, CEO and Managing Director of BRE, Bernardo da Veiga said:
“The exceptional success of Brazilian Rare Earths has been built upon the dedication of our team of talented incountry exploration professionals and the outstanding support from our leading international shareholders.
We now intend to accelerate our exploration across this world class rare earths province – and we look forward to the near-term results of our recently completed diamond drilling program at the Monte Alto Project and the assay results from the Rio Tinto Amargosa project.
Our aim is to build Brazilian Rare Earths into a leading global rare earths company and create long term value for our shareholders, communities and stakeholders.”