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BRE spins off Amargosa project with $30-50m Alurion IPO
5:53pm on Friday 5th of June, 2026 AEST
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BRE spins off Amargosa project with $30-50m Alurion IPO
5:53pm on Friday 5th of June, 2026 AEST
Key Points
Demerger creates focused bauxite company Alurion
Eligible BRE shareholders to receive 0.5607 Alurion shares per BRE share
Alurion IPO priced at $1.05 per share to raise $30-50 million
BRE retains 16-17% stake in Alurion post-IPO under escrow
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