All Articles

Australia's Wealthiest Woman is Backing This Rare Earths IPO

November 25, 2023
x min read

The richest woman in Australia is backing a new rare earth element mining company.

What’s happening:

  • Brazilian Rare Earths is set to IPO on the Australian Stock Exchange at a valuation of approximately $220 million USD
  • Gina Rinehart, who is a legendary mining financier and Australia’s wealthiest woman, is one of the largest backers of the company

Why it matters:

  • Rare earth elements have a wide range of important applications but are notoriously difficult to extract from the Earth due to requiring complex separation processes

Going deeper:

  • One of the most important applications of rare earth elements are their function as a permanent magnet, which are used across electric vehicles, MRI machines, wind turbine gearboxes and more
  • Rare earth elements are typically extracted from either hard rock or iconic clay deposits and then separated through a solvent extraction process

By the numbers:

  • The IPO on the Australian Stock Exchange will see Brazilian Rare Earth’s raise approximately $21M USD in new capital
  • There are 17 different types of rare earth elements on the periodic table, which are differentiated by light rare earth elements and heavy rare earth elements
  • Roughly 90% of the supply of rare earth elements are consumed by electric vehicles and wind turbines

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.