Brazilian Rare Earths Ltd (Ticker: BRE AU) is an Australian company engaged in the mining industry, specifically focusing on diversified minerals. The company is primarily known for owning and operating a Tier 1 Rare Earths project located in Northeastern Brazil. This region is significant for its large volumes of both heavy and light rare earth elements, which are crucial for advanced industries and applications, particularly those driving the green energy transition.
The company announced its Initial Public Offering on November 15, 2023, with the aim of raising AUD 50.00 million (USD 32.60 million). The IPO is managed by Canaccord Genuity Australia Ltd and will be listed on the Australian Securities Exchange (ASE). Brazilian Rare Earths Ltd has set its offer price at AUD 1.47 (USD 0.9583) per share, offering a total of 34.01 million shares, all of which are primary shares. There are no secondary shares or greenshoe facilities mentioned in this offering. The expected listing date for the IPO is December 21, 2023.