BRAZILIAN RARE EARTHS LIMITED
ASX:BREMaterialsToday’s holders own 96.9% of what they think they own, once every option and right converts.
Share count grew 14% in 24 months; 1 cash raise in 24 months
BRAZILIAN RARE EARTHS LIMITED's share count was 276M as of August 2026. The company raised capital once in the past 24 months, receiving A$120.0M from a placement in October 2025. Options and rights on issue could convert into 9M new shares, representing 3.2% of the current share count, with none currently in the money; the nearest expiry is October 2028. As of the June 2026 quarter, the company reported A$174.1M in available cash, providing approximately 12.8 quarters of funding. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 11 Aug 2026 | 3H · cancellation | BRE : ORDINARY FULLY PAID | 276.2M | Appendix 3H |
| 28 May 2026 | 3G · unquoted | ORDINARY FULLY PAID | 280.2M | Appendix 3G |
| 26 Apr 2026 | 2A · quoted issue | BRE : ORDINARY FULLY PAID | 280.2M | Appendix 2A |
| 9 Apr 2026 | 2A · quoted issue | BRE : ORDINARY FULLY PAID | 279.1M | Appendix 2A |
| 17 Feb 2026 | 2A · quoted issue | BRE : ORDINARY FULLY PAID | 275.8M | Appendix 2A |
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. 4.0M of it states a NIL exercise price — nothing is paid to convert that, so it converts at any price. The other 4.7M converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BREAE | Options | Price-triggered | Nil | 18 Oct 2028 | 4.0M | Filing |
| BREAF | Options | Price-triggered | — | — | 4.7M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 28 May 2026 | BERNARDO SANCHEZ AGAPITO DA VEIGA | Other incentive | — | 563k | — | — | 3Y notice |
| 28 May 2026 | BERNARDO SANCHEZ AGAPITO DA VEIGA | Other incentive | — | 563k | — | — | 3Y notice |
| 28 May 2026 | BERNARDO SANCHEZ AGAPITO DA VEIGA | Other incentive | 14.0M | 1.1M | — | — | 3Y notice |
| 28 May 2026 | TODD HANNIGAN | Other incentive | 26.6M | 861k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.