Brazilian Rare Earths Expects First Production at Brazil Project in 2029; Shares Fall 7%

MT Newswires Live

01/29

Brazilian Rare Earths (ASX:BRE) said, subject to receipt of approvals and financing, it expects to target first production at the company's Amargosa bauxite-gallium project in Brazil in 2029, according to a Thursday filing with the Australian bourse.

Following the completion of a scoping study, the project will advance into feasibility studies and permitting, the filing said.

Shares of the company fell 7% in recent Thursday trade.

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