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Axel REE Ltd. ( (AU:AXL) ) just unveiled an update.
Axel REE Limited has announced the discovery of new gallium and REE mineralized zones at its Caladão Project in Brazil, significantly expanding the project’s mineralized footprint. The latest findings, particularly from Area C and extensions of Area B, highlight the project’s potential as a major source of critical materials, reinforcing its strategic importance in the global market. The company is focused on resource growth and developing cost-effective processing methods to advance the project towards becoming a key supplier of gallium and REE.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the extraction and development of gallium and rare earth elements (REE). The company is strategically positioned in Brazil’s Lithium Valley, leveraging world-class infrastructure to explore and expand its mineral resources. Axel REE aims to become a significant supplier of critical materials for advanced technologies and military defense sectors.
Average Trading Volume: 623,175
Technical Sentiment Signal: Strong Sell
Learn more about AXL stock on TipRanks’ Stock Analysis page.