RareX Limited (AU:REE) has released an update.
RareX Limited, holding Australia’s largest undeveloped rare earth and significant phosphate project at Cummins Range, is pivoting to early-stage phosphate production amidst subdued rare earth prices. The company is exploring alternative phosphate technologies that may reduce startup costs, with promising off-take discussions in Australia and Southeast Asia. Infrastructure and native title agreements are advancing to secure the supply chain to Wyndham Port.
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