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An announcement from Australian Rare Earths Limited ( (AU:AR3) ) is now available.
Australian Rare Earths Limited (AR3) has announced its strategic partnership with the Australian Nuclear Science and Technology Organisation (ANSTO) to utilize their new pilot-scale rare earth processing facility. This collaboration marks a significant milestone for AR3, allowing the company to advance its Koppamurra Project by processing 25 tonnes of ore to produce 35kg of Mixed Rare Earth Carbonate (MREC). The initiative is supported by a $5 million Australian Government grant, underscoring national efforts to bolster domestic rare earth supply chains. This development not only accelerates AR3’s commercial pathway but also strengthens Australia’s position in the global rare earth market, aligning with national economic and strategic priorities.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (AR3) is a company focused on the development of rare earth resources, specifically through its flagship Koppamurra Ionic-Clay Rare Earth Project. The company operates within the critical minerals sector, aiming to establish a sustainable supply chain for rare earth elements crucial for renewable energy, electric mobility, and defense applications.
Average Trading Volume: 1,907,907
Technical Sentiment Signal: Buy
Current Market Cap: A$47.71M
Find detailed analytics on AR3 stock on TipRanks’ Stock Analysis page.