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The latest update is out from Axel REE Ltd. ( (AU:AXL) ).
Axel REE Ltd. has announced the initiation of a Mineral Resource Estimate and metallurgical testing at its Caladão Project, involving collaboration with SRK Consulting and ANSTO. This development is aimed at defining the project’s resource potential and optimizing extraction processes, particularly in response to the strategic importance of gallium following China’s export ban. The initial focus will cover a 35km² area, with plans to expand, highlighting the project’s potential to become a key player in the global market for rare earth elements and gallium. This move is expected to bolster Axel’s market positioning and provide significant opportunities for stakeholders.
More about Axel REE Ltd.
Axel REE Ltd. operates within the mineral resources industry, focusing primarily on the extraction and processing of rare earth elements (REE) and gallium. The company is strategically engaged in advancing its flagship Caladão Project in Minas Gerais, which has the potential to become a significant global source of these critical materials, especially given the strategic importance of gallium in the current global market.
YTD Price Performance: -18.92%
Average Trading Volume: 1,404,442
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on AXL stock on TipRanks’ Stock Analysis page.
