[SMM Flash: Brazilian Rare Earths Raises $78 Million to Develop Rare Earth Project] Brazil-based rare earth company Brazilian Rare Earths (BRE), headquartered in Australia, has successfully raised 120 million Australian dollars (approximately $78 million). The funds will be used to support the development of its rare earth project in Brazil. BRE revealed that drilling in the Sulista West area indicated the total rare earth oxide grade can reach up to 21%. Additionally, BRE has signed a heavy rare earth offtake and cooperation agreement with French company Carester. Under the agreement, BRE will supply raw materials to Carester's Caremag plant in Lacq, France, for the plant's annual production of 150 metric tons of separated dysprosium oxide and terbium oxide. In return, Carester will provide engineering, construction, and commissioning services for BRE's planned rare earth separation plant in Bahia.