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An announcement from RareX Limited ( (AU:REE) ) is now available.
RareX Limited has issued over 10 million ordinary shares without disclosure to investors, in compliance with the Corporations Act. This move aligns with the company’s strategy to enhance its portfolio of carbonatite-related projects, including the Cummins Range Project, which has significant financial potential and positions RareX as a key player in the rare earths industry.
More about RareX Limited
RareX Limited is a critical minerals company specializing in rare earths, gallium, niobium, and scandium, primarily sourced from hard rock carbonatites. The company focuses on exploration projects such as the Mt Mansbridge xenotime heavy rare earths project, the Khaleesi Project with elevated gallium and niobium, and the Cummins Range Project, which is Australia’s largest undeveloped rare earths project. RareX also holds investments in Kincora Copper, Cosmos Exploration, and Canada Rare Earth Corporation.
Average Trading Volume: 4,192,930
Technical Sentiment Signal: Hold
Current Market Cap: A$23M
For detailed information about REE stock, go to TipRanks’ Stock Analysis page.