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BBX Minerals Limited ( (AU:BCM) ) has provided an announcement.
Brazilian Critical Minerals Ltd has successfully raised A$4.0 million through an oversubscribed share placement to accelerate the development of its Ema Rare Earths Project in Brazil. The funds will be used for a bankable feasibility study, pilot field trials, environmental permitting, and enhancing working capital. This capital injection is pivotal as the company transitions to commercial readiness, positioning it to unlock significant value from its world-class rare earth resource.
More about BBX Minerals Limited
Brazilian Critical Minerals Ltd is a company operating in the mining industry, focusing on the extraction and development of rare earth elements. Its primary project is the Ema Rare Earths Project in Brazil, which is one of the largest ionic clay rare earth deposits globally. The company is working on developing a low-cost, low environmental-impact rare earth project outside of Southeast Asia.
Average Trading Volume: 820,819
Technical Sentiment Signal: Sell
Current Market Cap: A$10.63M
See more insights into BCM stock on TipRanks’ Stock Analysis page.