RareX Limited Secures A$2.7 Million to Advance Rare Earth Projects

RareX Limited ( (AU:REE) ) just unveiled an update.

RareX Limited has successfully raised A$2.7 million through a share placement to institutional, sophisticated, and professional investors, which will fund exploratory and corporate activities at its Cummins Range and Mrima Hill projects. The strong interest from investors underscores the potential of RareX’s rare earths portfolio, positioning the company to advance its projects and meet key milestones, including exploration drilling and procurement processes in collaboration with Iluka Resources.

More about RareX Limited

RareX Limited is an Australian company operating in the mining industry, focusing on the exploration and development of rare earth elements. The company is primarily engaged in advancing its projects in Australia and Kenya, with a particular emphasis on rare earths and associated minerals.

Average Trading Volume: 13,389,589

Technical Sentiment Signal: Buy

Current Market Cap: A$24.03M

For detailed information about REE stock, go to TipRanks’ Stock Analysis page.