Brazilian Rare Earths Limited (ASX:BRE) Secures Strategic Partnership with SENAI CIMATEC
Strategic Partnership
Brazilian Rare Earths Limited has signed a binding agreement with SENAI CIMATEC to develop a bench-scale laboratory and pilot plant for the beneficiation of its high-grade rare earth ores.
Funding and Financials
SENAI CIMATEC and partner organisations will provide approximately R$8.2 million (~A$2.3 million), covering 58% of the project’s total capital and operational expenditures.
Facility Development
The facility will be located within SENAI CIMATEC Industrial Development Park in Salvador, Bahia, near BRE’s Monte Alto Project and the Camaçari Petrochemical Complex. Commissioning is scheduled for mid-2026.
Future Collaboration
BRE and SENAI CIMATEC are discussing building a commercial-scale hydrometallurgical and separation plant to process rare earth concentrates into high-value products.
Executive Comments
CEO Bernardo da Veiga stated, “This strategic partnership with SENAI CIMATEC accelerates our in-country technical development capabilities and reinforces our commitment to unlock full value from our rare earth assets. We highly value the financial support and technical expertise provided by SENAI CIMATEC and look forward to this collaborative partnership.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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