RareX Engages Ausenco for Mrima Hill Project Development

RareX Limited ( (AU:REE) ) has shared an update.

RareX Limited has engaged Ausenco, a leading engineering firm, to conduct early-stage infrastructure and project studies for the Mrima Hill Critical Minerals Project in Kenya. This collaboration aims to leverage Ausenco’s expertise and local experience to advance the project’s feasibility and development. The initiative is part of a larger consortium effort, including local and international partners, to responsibly develop one of the world’s significant rare earth and niobium deposits. This strategic move is expected to enhance RareX’s position as a leading developer in the critical minerals sector, aligning with Kenya’s infrastructure priorities and ensuring compliance with legal and social requirements.

More about RareX Limited

RareX Limited is an Australian company focused on the exploration and development of rare earth elements and critical minerals. The company is involved in projects that aim to harness significant mineral deposits, with a particular emphasis on rare earths, niobium, phosphate, and manganese. RareX is actively engaged in strategic partnerships and collaborations to advance its projects, particularly in regions like Kenya.

Average Trading Volume: 11,850,722

Technical Sentiment Signal: Sell

Current Market Cap: A$16.56M

See more insights into REE stock on TipRanks’ Stock Analysis page.