BBX Minerals Targets $3.5M for Ema Project

BBX Minerals Limited (AU:BCM) has released an update.

Brazilian Critical Minerals Ltd is set to raise approximately $3.5 million through a two-phase placement and a non-renounceable rights issue, aiming to fund their Ema Rare Earth Project and other corporate expenses. The company has already secured $0.5 million via share placement to professional investors and seeks an additional $2.9 million from current shareholders, with shares priced at $0.01 each. The proceeds will support business development, offer costs, and general working capital.

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