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Axel REE Ltd. ( (AU:AXL) ) has issued an announcement.
Axel REE Limited has appointed GE21 Consultoria Mineral to conduct a Mineral Resource Estimate (MRE) for Area B of its Caladão Project in Brazil. This development is a key step in advancing the project, which already boasts significant inferred resources in Area A. The MRE will support future metallurgical testing and economic assessments, reinforcing the project’s potential as a major source of gallium and REE, crucial for the global clean-energy supply chain.
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 to diversify the global supply of these critical materials, particularly given China’s dominance in gallium supply. Axel’s Caladão Project in Brazil is a significant part of its operations, targeting a stand-alone gallium deposit not reliant on bauxite processing.
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Technical Sentiment Signal: Strong Buy
For detailed information about AXL stock, go to TipRanks’ Stock Analysis page.