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An announcement from Axel REE Ltd. ( (AU:AXL) ) is now available.
Axel REE Ltd. has made significant advancements in its Caladão Project, establishing itself as a key player in the critical minerals sector with substantial JORC-compliant resources in gallium and rare earth elements. The company announced a 100Mt gallium resource and a 233Mt REE resource, highlighting its strategic significance on the global stage. The confirmation of ionic adsorption clay mineralization and the potential for low-cost, low-impact extraction methods further de-risk the project and align with Axel’s strategy of sustainable development. Additionally, the company’s exploration efforts at Area B and the Caldas Project aim to expand its resource base and support future development options, potentially fast-tracking the commercialization of its assets.
More about Axel REE Ltd.
Axel REE Ltd. operates in the critical minerals industry, focusing on the exploration and development of gallium and rare earth elements (REE) resources. The company is strategically positioned in the global market with its projects in Brazil’s Lithium Valley, emphasizing materials essential for electrification, digital technologies, and defense applications.
Average Trading Volume: 822,745
Technical Sentiment Signal: Sell
Learn more about AXL stock on TipRanks’ Stock Analysis page.