ASX:BREMetals and Mining
Why Brazilian Rare Earths (ASX:BRE) Is Up 8.7% After Spinning Out Alurion Bauxite-Gallium Assets
Earlier in 2026, Brazilian Rare Earths announced plans to demerge its 100%-owned Amargosa bauxite-gallium project into a new ASX-listed company, Alurion Resources, distributing Alurion shares in specie to existing BRE shareholders while retaining a minority stake.
This move effectively separates BRE’s rare earths focus from Alurion’s bauxite and critical minerals development ambition, giving investors more targeted exposure to two distinct resource themes.
We’ll now examine how the Amargosa...