Resouro Strategic Metals (ASX:RAU) announced a collaboration with the MagBras initiative, a project dedicated to producing rare earth permanent magnets entirely within Brazil, led by a Brazilian network of industrial training and innovation institutions, according to a Monday Australian bourse filing.
The MagBras initiative proposal was submitted in late 2024 and has been accepted for funding, with the cooperation agreement expected to be signed by all parties early this year.
Resouro pledged to contribute a total of $35,000 in four tranches in May, July, September, and November. It will also contribute its expertise and support, including rare earth elements product samples and strategic insights, anchored by its Tiros rare earth elements project in Brazil.
The firm's shares fell past 7% in recent trading on Monday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。