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Axel REE Ltd. ( (AU:AXL) ) just unveiled an update.
Axel REE Limited has announced significant results from its auger drilling program at the Poços de Caldas Caldera in Brazil, revealing high-grade rare earth element mineralization. The results indicate continuity at depth, suggesting potential for deeper drilling and expansion of the Caldas Project’s footprint. The findings align with discoveries by neighboring companies and highlight the project’s promising prospects for REE enrichment.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE). The company is particularly involved in projects within the Poços de Caldas alkaline complex in Brazil, targeting high-value REEs such as neodymium, praseodymium, dysprosium, and terbium.
Average Trading Volume: 496,255
Technical Sentiment Signal: Hold
Learn more about AXL stock on TipRanks’ Stock Analysis page.