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Axel REE Ltd. ( (AU:AXL) ) has provided an update.
Axel REE Limited has been granted three new exploration licenses covering 867 hectares at the Caladão Project in Brazil’s Lithium Valley, enhancing its strategic footprint in the region. The company plans to commence a 49-hole auger drilling program to explore gallium-rich laterites and REE-enriched horizons, aiming to expand its resource base and strengthen its position as a leading REE-gallium explorer in Brazil.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and gallium resources. The company is strategically positioned in Brazil’s Lithium Valley, targeting significant geological settings that host REE and gallium mineralization.
Average Trading Volume: 886,465
Technical Sentiment Signal: Strong Buy
See more data about AXL stock on TipRanks’ Stock Analysis page.