BCM and SAM to enter strategic partnership

BCM to collaborate with Southern Alliance Mining, a Leading Global In-situ recovery Rare Earths Producer

BCM (ASX:BCM) and Southern Alliance Mining (SGX:QNS) have agreed to enter non-binding discussions regarding co-operation and synergies regarding rare earth production

Highlights

·       Brazilian Critical Minerals (BCM) and Southern Alliance Mining (SAM) have signed a collaboration agreement to jointly identify opportunities to evaluate potential development and distribution of rare earth production from each party’s respective projects

·       SAM owns 40% of MCRE Resources Sdn Bhd (MCRE) who own and operate one of the world’s largest in-situ recovery (ISR) rare earth operations in Malaysia

·       The collaboration is intended to align with each party’s strategy to identify high-value uses for its rare earths products  

·       The Agreement sets out a proposed joint scope of work to be undertaken as they investigate the possibility of a potential binding agreement for the sale of rare earth products

·       As of August 2025, Pioneer had extracted and sold approximately 20,280 tonnes of a mixed rare earth carbonate (MREC) product

·       ISR of rare earths remains the most common extraction method utilised in the rare earth sector