RareX Secures EIS Funding for Khaleesi Project’s Gallium Exploration

The latest update is out from RareX Limited ( (AU:REE) ).

RareX Limited has been awarded Exploration Incentive Scheme (EIS) funding for its Khaleesi Project, which has identified extensive gallium mineralization. The EIS grant will support RareX’s drilling campaign, covering up to 50% of direct drilling and mobilization costs, capped at $175,000. This funding is a significant boost to the company’s exploration efforts in Western Australia, allowing them to accelerate work on high-priority targets, including the Niobe prospect. The project is expected to unlock district-scale potential and advance RareX’s strategy to deliver critical minerals, with potential implications for stakeholders as the company progresses in its exploration activities.

More about RareX Limited

RareX Limited operates in the mining industry, focusing on the exploration and development of rare earth elements and other critical minerals. The company is actively engaged in projects that target valuable mineral deposits, with a market focus on advancing exploration activities to support the supply of critical minerals.

YTD Price Performance: 170.0%

Average Trading Volume: 13,977,854

Technical Sentiment Signal: Sell

Current Market Cap: A$21.62M

See more data about REE stock on TipRanks’ Stock Analysis page.