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The latest announcement is out from MRG Metals Limited ( (AU:MRQ) ).
MRG Metals Limited is set to commence exploration on its rare earth element projects in Mozambique, starting with the Adriano Licence in late September 2025. The initial sampling at Adriano has shown promising results, with all samples indicating anomalous REE levels, and a significant portion exceeding 1,000 ppm TREO. The exploration will extend to the Fotinho Licence in October, aiming to explore a district-scale REE corridor. This program, expected to last eight weeks, could enhance MRG’s positioning in the growing REE market, driven by increasing demand from the electric vehicle and renewable energy sectors.
More about MRG Metals Limited
MRG Metals Limited operates in the mining industry, focusing on the exploration and development of rare earth element (REE) projects. The company is primarily engaged in exploring its 100% owned REE assets in Mozambique, targeting high-value magnetic rare earth elements such as neodymium, praseodymium, dysprosium, and terbium, which are crucial for high-performance magnets used in electric vehicles and renewable energy technologies.
Current Market Cap: A$9.54M
For an in-depth examination of MRQ stock, go to TipRanks’ Overview page.