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Axel REE Ltd. ( (AU:AXL) ) has provided an announcement.
Axel REE Ltd. announced significant progress in its Caladão Project, revealing a potential district-scale discovery of rare earth elements and gallium over a 60 km² area. The exploration results indicate high-grade mineralization, with impressive assays of total rare earth oxides (TREO) and magnetic rare earth oxides (MREO), suggesting promising resource development. The company is well-funded with $10.7 million cash to advance its projects and is carrying out ongoing exploration to further define the resource potential, which could enhance its position in the mining sector.
More about Axel REE Ltd.
Axel REE Ltd. operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and gallium. The company is engaged in the discovery and potential extraction of these minerals, particularly in its flagship Caladão Project in Minas Gerais, Brazil.
YTD Price Performance: -2.70%
Average Trading Volume: 1,396,484
Technical Sentiment Consensus Rating: Strong Buy
Learn more about AXL stock on TipRanks’ Stock Analysis page.
