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The latest announcement is out from ABx Group Limited ( (AU:ABX) ).
ABx Group Limited has been granted a new exploration license in northern Tasmania, expanding its rare earth elements tenure by 18 km². This strategic move enhances ABx’s potential to grow its globally significant ionic rare earth project, which boasts high levels of valuable heavy rare earths. The company has also produced its first mixed rare earth carbonate product, which is priced significantly higher than peers due to its high content of dysprosium and terbium. This development positions ABx favorably in the market, with ongoing discussions with potential customers.
More about ABx Group Limited
ABx Group Limited operates in the rare earth elements industry, focusing on exploration and production of rare earth resources. The company is engaged in developing its projects in northern Tasmania, Australia, and is known for its high-value ionic clay deposits, which contain significant proportions of dysprosium and terbium.
Average Trading Volume: 3,031,759
Technical Sentiment Signal: Hold
Current Market Cap: A$26.13M
For a thorough assessment of ABX stock, go to TipRanks’ Stock Analysis page.