{"id":47558,"date":"2024-05-16T14:25:17","date_gmt":"2024-05-16T13:25:17","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=47558"},"modified":"2024-05-16T14:25:17","modified_gmt":"2024-05-16T13:25:17","slug":"bre-signs-rare-earths-export-approvals-and-partnership-with-inb","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/bre-signs-rare-earths-export-approvals-and-partnership-with-inb\/47558\/","title":{"rendered":"BRE signs rare earths export approvals and partnership with INB"},"content":{"rendered":"<h2><a href=\"https:\/\/brazilianrareearths.com\/\" target=\"_blank\" rel=\"noopener\">Brazilian Rare Earths Limited (BRE)<\/a> has announced it has agreed on major export approvals and partnerships for its industry-leading rare earth elements projects.<\/h2>\n<p>BRE has secured official registration and consent from The Brazilian National Nuclear Energy Commission, enabling BRE to export its <a href=\"https:\/\/www.innovationnewsnetwork.com\/brazilian-rare-earths-a-paradigm-shift-in-the-rare-earths-market\/44064\/\">mineral products<\/a>, such as rare earths\/monazite concentrates.<\/p>\n<p>The company has also established a non-binding MoU with Ind\u00fastrias Nucleares do Brasil (INB), the state-owned Brazilian nuclear company.<\/p>\n<p>INB is responsible for all aspects of the production and commercialisation of nuclear materials in Brazil, including the approvals for exporting any mineral ore or concentrate containing nuclear materials.<\/p>\n<p>The MoU will focus on potentially valuable uranium co-products from <a href=\"https:\/\/brazilianrareearths.com\/?page_id=72\" target=\"_blank\" rel=\"noopener\">BRE&#8217;s rare earth projects in the Rocha da Rocha province.<\/a><\/p>\n<p>Brazilian Rare Earths&#8217; MD and CEO, Bernardo da Veiga, commented: &#8220;The granting of the export licence and the partnership with INB marks an important milestone for BRE.<\/p>\n<p>&#8220;We look forward to working closely with INB and appreciate the opportunity to contribute to the development of Brazil&#8217;s untapped critical mineral resources, including the potential to leverage INB&#8217;s extensive experience in uranium development to investigate the potential for downstream processing capacity in Brazil.&#8221;<\/p>\n<h3>Rare earth export agreement<\/h3>\n<p>This authorisation grants BRE the necessary approvals to export high-grade mineral samples to international laboratories for further testing.<\/p>\n<p>This supports future production-scale exports, contingent on standard local business and logistical procedures.<\/p>\n<h3>Details of MoU with INB<\/h3>\n<p>Under the terms of the MoU, BRE and INB have agreed on several key points. Firstly, BRE&#8217;s development plan focuses on producing and exporting rare earth concentrate for downstream processing.<\/p>\n<p>Additionally, BRE&#8217;s uranium co-product may be offered to INB, domestically or internationally, based on commercial terms that the two parties will negotiate, contingent on economic feasibility.<\/p>\n<p>INB and BRE will also negotiate a compensation agreement to cover BRE&#8217;s costs for producing and separating the uranium by-product, including an agreed profit margin.<\/p>\n<p>INB will assist BRE in obtaining the necessary regulatory permits and approvals for the development of BRE&#8217;s rare earth projects.<\/p>\n<p>Both parties have agreed to collaborate on researching processing methods for rare earth concentrates, including those with a uranium co-product, to enhance downstream processing capacity in Brazil.<\/p>\n<p>Furthermore, INB will, where feasible, provide BRE access to its research and development facilities.<\/p>\n<p>INB&#8217;s President, Adauto Seixas, added: &#8220;Brazil has a long-standing, successful nuclear power industry. BRE&#8217;s discovery may provide Brazil with significant additional uranium resources and INB will work with BRE to ensure that it can be developed for the benefit of all Brazilians.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRE has announced it has agreed on major export approvals and partnerships for its industry-leading rare earth elements projects.<\/p>\n","protected":false},"author":15,"featured_media":47563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24502],"tags":[24308],"acf":[],"yoast_head":"\n<title>BRE signs rare earths export approvals and partnership with INB<\/title>\n<meta name=\"description\" content=\"BRE has announced it has agreed on major export approvals and partnerships for its 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