Brazilian Rare Earths gains after securing $2.3m R&D partnership
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The news: Brazilian Rare Earths is trading higher after signing a binding agreement with Brazilian technology hub provider SENAI CIMATEC to cover a majority of costs of a new bench-scale laboratory and pilot plant.
The numbers: Brazilian Rare Earths’ shares were up 3.72% to $1.95 at 11:00am AEST.
SENAI CIMATEC and its partner organisations will invest 8.2 million reais ($2.3 million) to cover 58% of the anticipated total capital and operational expenditure of Brazilian Rare Earths’ new research and development facilities.
The context: Development studies for the facilities are underway with commissioning scheduled for mid-2026. The two organisations are also discussing the potential for further collaboration on constructing a commercial-scale hydrometallurgical and separation plant to process rare earth concentrates into high-value separated rare earth and critical element products.
The source: ASX
