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Axel REE Ltd. ( (AU:AXL) ) has shared an announcement.
Axel REE Limited announced the vesting of 1,500,000 restricted Performance Rights, which have been converted into fully paid ordinary shares, subject to escrow conditions. This development reflects the company’s progress in meeting key milestones, including receiving conditional listing approval and announcing a significant resource discovery. These achievements are expected to enhance Axel REE’s operational capabilities and strengthen its position in the critical metals exploration industry.
More about Axel REE Ltd.
Axel REE is a critical metals exploration company primarily focused on developing the Caladão REE-Gallium and Caldas REE Projects in Brazil. The company’s project portfolio covers over 1,000km² of exploration tenure in Brazil, which is the third largest country globally in terms of REE Reserves. Axel REE aims to explore and develop REE and other critical minerals crucial for modern technology and a sustainable global economy.
Average Trading Volume: 1,011,413
Technical Sentiment Signal: Strong Buy
For detailed information about AXL stock, go to TipRanks’ Stock Analysis page.