Brazilian Rare Earths demerges Amargosa bauxite-gallium project into Alurion ahead of ASX listing

Reuters2026/07/22 12:32

By:Reuters

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Brazilian Rare Earths will demerge its Amargosa Bauxite-Gallium Project into subsidiary Alurion Resources ahead of an ASX listing.
Alurion accepted applications for 47,619,048 new shares at A$ 1.05, raising about A$ 50 million gross.
Funds to support development of the Amargosa Bauxite-Gallium Project.
Shareholders backed the demerger with 99.94% of votes at a July 10, 2026 meeting.
ASX admission targeted for July 30, 2026; normal settlement trading expected to start Aug. 3, 2026 under code ALU.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brazilian Rare Earths Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607220830PRIMZONEFULLFEED9766312) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brazilian Rare Earths demerges Amargosa bauxite-gallium project into Alurion ahead of ASX listing

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