Desk · Economic studies · Mixed basket
ASX:BRE
Brazilian Rare Earths
Rocha da Rocha province in Bahia. High-grade monazite + ionic clay system; scoping study August 2026. One of the few new district-scale Western stories.
Building
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 08-13 Study
- 2) 10-01 Offtake
- 3) 10-01 FS
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Building
Cadence is real, not yet a cluster. Next print has to land.
- Last beat
- 9d
- Beats / 90d
- 1
- Recent gap
- —
1 beats in 180d
- — Last material beat 9d ago — Scoping study presentation.
- — Next: Follow-through on Aug 2026 scoping study and offtake talk (40d).
Trading
- Last
- A$2.85
- 1d
- +3.2%
- Mkt cap
- $804M
- Volume
- 1.1M
- 52-week
- A$1.4 – A$4.2
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $13M/kt · snapshot, not a live tape
Company & people
HQ
Sydney / Bahia
Focus
Mixed basket · Ionic clay
CEO Bernardo da Cunha Cerqueira
- Bernardo da Cunha Cerqueira, CEO
- Todd Hannigan, Exec Chair
Mine / project
Flagship
Monte Alto / Rocha da Rocha
Location
Bahia, Brazil · Brazil
Deposit
High-grade monazite + ionic clay overprint
Resource
District-scale; Monte Alto ultra-high-grade monazite intercepts. Scoping study Aug 2026 — capex-to-oxide path cited vs Aclara/Arafura.
NdPr / MagREO
Basket is NdPr-rich with a heavy kicker in clays. Treat TREO headlines as geology until the study splits MagREO.
Desk basket
60 kt MagREO (desk)
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
None the desk is willing to count yet.
The Pulse
Grade is the pulse. District is real. Government support is not (yet). The scoping study has to turn intercepts into a mine plan that survives Brazilian permitting and a radioactivity conversation.
ASX. A US listing would follow a funded FS and a Western offtake — not the other way around.
Next: 1 Oct 2026 — Follow-through on Aug 2026 scoping study and offtake talk
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneASX listing
Primary listing BRE. Bahia district-scale. Home board is functioning.
- 02 · GapUS OTC
No OTCQB/OTCQX the desk will count. US accounts buy this the hard way, or not at all.
- 03 · GapDTC eligibility
Nothing to settle until there is a US ticker.
- 04 · GapUS holder tape
Scoping study (Aug 2026) is still a geology print. Allocators are not here yet.
- 05 · NextFunded FS + offtake1 Oct 2026
Scoping has to become a mine plan that survives Brazilian permits and a radioactivity conversation.
- 06 · GapSEC registration
No 20-F. A US listing would follow a funded FS and a Western offtake — not the other way around.
- 07 · GapNasdaq $4 bid
Last ~A$2.85 / ~US$1.90. Below $4. Grade is not a bid price.
- 08 · GapNasdaq application
Not started. Do not uplist a scoping study.
Catalysts
- 13 Aug 2026Scoping study presentation study
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method