Brazilian Rare Earths raises A$80m in discounted offering

Exploration company Brazilian Rare Earths (BRE) has successfully raised A$80-million in a discounted A$3.30-a-share placement.

The proceeds from the placement will be used to accelerate exploration and development at the Monte Alto, Sulista and Pele rare earth projects, including drilling, feasibility studies, permitting and for general working capital and corporate purposes.