Highlights
- Regal Funds Management has ceased to be a substantial shareholder of Brazilian Rare Earths Ltd (ASX: BRE).
- Brazilian Rare Earths Ltd (ASX: BRE) currently holds a market cap of A$608.5 million with a Buy rating and A$5.30 price target.
- Kuda Huraa Mining Ventures And Global Investments Corp remains the largest shareholder with 13% of shares.
In a potentially significant reshuffling of institutional ownership, Regal Funds Management Pty Ltd (opens in a new tab), along with Regal Partners Limited, has officially ceased to be a substantial holder of voting securities in Brazilian Rare Earths Ltd (opens in a new tab). (ASX: BRE), according to regulatory filings released today.
The move, attributed to a series of recent share sales, signals a reduced stake by one of BRE’s most visible early investors. While Regal has publicly provided no rationale, the timing follows a string of company announcements showcasing milestones in high-purity mixed rare earth carbonate (MREC) production, uranium recovery, and new discoveries at the flagship Sulista project in Brazil’s Rocha da Rocha complex.
BRE remains technically bullish, with a Buy rating and a price target of A$5.30, and currently holds a market capitalization of A$608.5 million, according to TipRanks data (opens in a new tab).
The largest shareholder of Brazilian Rare Earths (ASX:BRE) is Kuda Huraa Mining Ventures And Global Investments Corp (opens in a new tab), holding 13% of the shares. Following closely are DITM Holdings Pty Limited (opens in a new tab) with 11.48% and Bernardo Sanchez Agapito da Veiga (opens in a new tab) with 8.21%.
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