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The latest announcement is out from RareX Limited ( (AU:REE) ).
RareX Limited has issued 119,318,183 ordinary shares, as announced in compliance with the Corporations Act 2001. This strategic move aligns with their ongoing efforts to develop and optimize their portfolio, including the newly acquired Khaleesi Project and the Cummins Range Project, which holds significant potential in the rare earths and phosphate sectors.
More about RareX Limited
RareX Limited is a critical minerals company specializing in rare earths and niobium found in hard rock carbonatites. The company focuses on the exploration of the Khaleesi Project in East Yilgarn, known for its elevated-niobium and alkaline intrusive complex. Additionally, RareX is advancing the Cummins Range Project, which is Australia’s largest undeveloped rare earths project, containing magnet grade rare earths and battery grade phosphates.
Average Trading Volume: 13,219,143
Technical Sentiment Signal: Sell
Current Market Cap: A$19.22M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.