RareX Limited (AU:REE) has released an update.
RareX Limited has received an $827,000 tax refund for its research and development at the Cummins Range project, a major rare earth and phosphate site in Australia. This financial boost supports the company’s efforts to develop a low-cost startup phase, enhancing its position in the critical minerals market. With this funding, RareX plans to advance engineering at Cummins Range and explore new opportunities both domestically and internationally.
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