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%.
There are likely to be a lot more exits by major RE wannabee shareholders this decade as the large majority of niche RE wannabees show themselves to be going nowhere as the few handfuls of ROW RE prime movers dominate mining, processing, refining and magnet making. GLTA – REI