Brazilian Rare Earths says Velhinhas drilling extends Monte Alto rare earth corridor by 9 km

Reuters2026/07/23 12:31

By:Reuters

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Brazilian Rare Earths reported a new 9 km-plus rare earth exploration corridor at Velhinhas in the June quarter ended June 30, 2026.
Airborne geophysics outlined four parallel mineralized trends, extending rare earth mineralization more than 8 km south of Monte Alto.
Reconnaissance diamond drilling returned 19.6% TREO, including 33,607 ppm NdPr, 1,463 ppm Dy2O3, 248 ppm Tb4O7, 7,431 ppm Y2O3.
Heavy rare earth drilling at Monte Alto delivered 2.5 m at 7.5% TREO, including 58,249 ppm Y2O3, 4,135 ppm Dy2O3, 488 ppm Tb4O7.
Shareholders backed the Amargosa bauxite-gallium demerger; Alurion’s IPO targets A$ 50 million at A$ 1.05 per share, implying A$ 256 million equity value.

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: 202607230830PRIMZONEFULLFEED9766876) on July 23, 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 says Velhinhas drilling extends Monte Alto rare earth corridor by 9 km

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