Companies / BRE

BRAZILIAN RARE EARTHS LIMITED

ASX:BREMaterials
280.2M shares on issueASX (delayed) · as of 28 July 2026$3.87price · delayed$1.06Bmarket cap · indicative
B
Dilution grade

Share count grew 200% in 24 months; 1 cash raise in 24 months

Cash runway13.3 quarters of funding
Share-count growth (24m)199.9%
Raise cadence (24m)1 cash raise
Options & rights overhang4.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BRAZILIAN RARE EARTHS LIMITED's ordinary share count grew 199.9% between June 2024 and April 2026, to 280M shares. The company raised capital once in the 24‑month window for total proceeds of A$120.0M, most recently in October 2025 for A$120.0M. Options and rights on issue could convert into 12M new shares, equal to 4.4% of the current share count, with 0% in the money and the nearest expiry in October 2028. At the June 2026 quarter the company reported A$180.9M in available cash, about 13.3 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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4.4%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
13.3 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 280.2M per ASX (delayed) (28 July 2026).
253.6M263.3M273.1MDec 24Sept 25July 26Cash raise · 10 Oct 2025

Cash runway

13.3 qtrs
More than four quarters of funding at the recent spend rate.
$180.9M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
28 May 20263G · unquotedORDINARY FULLY PAID280.2MAppendix 3G
26 Apr 20262A · quoted issueBRE : ORDINARY FULLY PAID280.2MAppendix 2A
9 Apr 20262A · quoted issueBRE : ORDINARY FULLY PAID279.1MAppendix 2A
17 Feb 20263H · cancellationBRE : ORDINARY FULLY PAID274.6MAppendix 3H
17 Feb 20262A · quoted issueBRE : ORDINARY FULLY PAID275.8MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$120.0M
Capital raise
10 Oct 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.4%
Total overhang · of current shares
0.0%
In the money · at current price
12.4M
Potential new shares
Oct 2028
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
28 May 2026TODD HANNIGANOther26.6M861k—3Y notice
28 May 2026BERNARDO SANCHEZ AGAPITO DA VEIGAOther14.0M1.1M—3Y notice
28 May 2026BERNARDO SANCHEZ AGAPITO DA VEIGAOther—563k—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

22 July 2026$PJune 2026 Quarterly Report and Appendix 5B
21 July 2026$PAlurion Resources IPO raises A$50 Million
14 July 2026$PExceptional Yttrium-Rich Results Expand Monte Alto District
9 July 2026Results of Meeting
6 July 2026Updated Change of Director's Interest Notice
3 July 2026Updated Change of Director's Interest Notice
19 June 2026Alurion Resources Limited Supplementary Prospectus
19 June 2026Addendum to Notice of General Meeting
10 June 2026$PVelhinhas Drilling Unlocks Over 9km Rare Earth Corridor
5 June 2026$PALU Investor Presentation
5 June 2026$PAlurion Resources Limited Prospectus
5 June 2026Appendix 3A.5
5 June 2026$PBRE Short Form Prospectus
5 June 2026$PNotice of General Meeting/Proxy Form
5 June 2026$PBRE Issue Demerger Documents and ALU Lodges Prospectus
28 May 2026Change of Director's Interest Notice x 2
28 May 2026Notification regarding unquoted securities - BRE
28 May 2026Results of Meeting
24 May 2026Alurion Resources Limited Board of Directors & CEO
17 May 2026$PAmargosa Project to be Demerged as Alurion Resources Limited

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.