Core Insights - Brazilian Rare Earths (BRE) has secured commitments for a placement of 25.6 million new fully paid ordinary shares at A$4.68 ($3.05) per share, aiming to raise A$120 million before expenses to fast-track high-grade rare earth projects in Brazil [1][2] - The issue price represents a 6.4% discount compared to the recent closing price of $5, with no discount to the five-day volume weighted average price [2] - BRE has entered into strategic agreements with Carester for heavy rare earth feedstocks and engineering services, positioning Brazil as a hub for rare earth production [3] Financial Details - The placement is expected to raise A$120 million, which will be utilized for the development of the integrated separation refinery at Camaçari, Bahia [1] - Last year, BRE raised A$80 million to expedite exploration and development activities at its key projects [4] Strategic Agreements - BRE finalized a ten-year supply offtake agreement with Carester for heavy rare earth elements, supporting the separation of dysprosium and terbium oxides at the Caremag facility in France [4] - The agreements with Carester are foundational to BRE's strategy to supply high-value neodymium and praseodymium oxide, along with other heavy rare earth concentrates [3][4]