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The latest announcement is out from RareX Limited ( (AU:REE) ).
RareX Limited has reported significant progress in its projects, notably the Cummins Range Rare Earths Project in Western Australia, which has shown high-grade gallium results positioning it as a potentially leading gallium deposit in Australia. The company is also advancing its consortium with Iluka Resources for the Mrima Hill Project in Kenya, having completed early-stage community engagement planning and securing a $50 million funding facility from GEM. These developments enhance RareX’s strategic positioning in the rare earths market, with implications for increased resource development and stakeholder engagement.
More about RareX Limited
RareX Limited is an Australian company operating in the rare earths industry, focusing on the exploration and development of rare earth elements and associated minerals. The company is primarily engaged in projects located in Australia and Kenya, with a significant emphasis on the Cummins Range Rare Earths Project in Western Australia and the Mrima Hill Project in Kenya.
Average Trading Volume: 8,099,346
Technical Sentiment Signal: Buy
Current Market Cap: A$37.54M
For detailed information about REE stock, go to TipRanks’ Stock Analysis page.