Brazilian Rare Earths Ltd. (AU:BRE) has released an update.
Brazilian Rare Earths Ltd. has successfully completed an $80 million funding round, issuing new shares at a discounted price to expedite the development of its Monte Alto, Sulista, and Pelé projects. The capital raised will be directed towards exploration drilling, feasibility studies, and general corporate needs. The company’s stock resumed trading on the ASX, with the new shares set to settle and be issued later in June.
For further insights into AU:BRE stock, check out TipRanks’ Stock Analysis page.
