Agreement With Rio Tinto Unlocks Potential Development of BRE's Advanced High-Grade Bauxite-Gallium Project

SYDNEY, April 14, 2025 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (OTCQX:BRELY) (BRE) is pleased to announce that it has entered into a binding agreement with Rio de Contas Desenvolvimentos Minerais Ltda. (Rio Tinto Brazil) to amend the Amargosa Tenement Acquisition Agreement.

Amargosa Bauxite Project

Amargosa is an advanced stage, large-scale bauxite project acquired from Rio Tinto in 2023, adjacent to select BRE rare earth tenements in Bahia, Brazil

The large-scale bauxite project benefits from over 10 years of exploration by Rio Tinto, including 56,919 metres of drilling across 4,257 holes and detailed geological data sets

Exploration to date has confirmed thick, high-grade bauxite zones from surface, including intercepts such as 27.5 metres ...

https://www.benzinga.com/pressreleases/25/04/g44787117/agreement-with-rio-tinto-unlocks-potential-development-of-bres-advanced-high-grade-bauxite-gallium