Brazilian Critical Minerals' Catalysts for Brazil Rare Earths Project Includes Permitting Milestones, Euroz Hartleys Says

MT Newswires Live
Jul 03

Brazilian Critical Minerals' (ASX:BCM) key catalysts for the Ema ISR rare earth elements project in Brazil include permitting milestones, potential strategic partnerships, and offtake agreements, according to a Thursday note by Euroz Hartleys.

The company's bankable feasibility study for the Ema ISR rare earth elements project confirms a long-life, low-capital ISR rare earth development, outlining a 20-year life-of-mine commencing at 3,000 tonnes-per-annum rare earth oxide before doubling capacity in the second year following Stage 1 leaching development.

Euroz Hartleys' modeled production profile commencing in fiscal 2029 reaches expanded nameplate capacity by fiscal 2033. It continues to model a 50:50 debt-to-equity split for upfront capital expenditure. Beyond funding, environmental licensing remains the key pending de-risking milestone for Ema.

The investment firm maintained its speculative buy rating on Brazilian Critical Minerals and lifted its price target to AU$0.11 from AU$0.08.

Brazilian Critical Minerals' shares surged 12% in recent Friday trade.

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