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Rinehart-backed Brazilian Rare Earths launches $66m share placement

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Brazilian Rare Earths was making the most of its perky share price on Wednesday morning, putting a $66 million placement to fund managers.

Billionaire Gina Rinehart is a substantial shareholder at Brazilian Rare Earths.  Michael Quelch

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/rinehart-backed-brazilian-rare-earths-launches-66m-share-placement-20240612-p5jl40