Brazilian Rare Earths (ASX:BRE) secured the final exploration report for the Monte Alto exploration license from Brazil's national mining agency, the Agência Nacional de Mineração, according to a Thursday filing with the Australian bourse.
The clearance marks the start of the formal process for Monte Alto's mining permit, and the company will submit an economic development plan based on the Monte Alto scoping study, set for completion in the second quarter of 2025, the filing said.
The company also secured approvals for the final exploration reports on 20 exploration licenses across the Rocha da Rocha Province, according to the filing.
Shares rose nearly 3% in afternoon trade Friday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。