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RareX Secures In-Principle Agreement for Cummins Range Project

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RareX Secures In-Principle Agreement for Cummins Range Project

Confident Investing Starts Here:

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

RareX Limited has reached an in-principle agreement with the Jaru RNTBC for a Mining and Heritage Protection Agreement, marking a crucial step towards securing a mining lease for the Cummins Range Rare Earth Project in Western Australia. This agreement is expected to unlock the project’s development potential, providing economic and social benefits to the Jaru community and supporting RareX’s goal of establishing a strategic multi-critical mineral operation in the region.

More about RareX Limited

RareX Limited operates in the mining industry, focusing on the exploration and development of critical minerals such as gallium, scandium, phosphate, and rare earths. The company is primarily engaged in advancing the Cummins Range Project, which is positioned as one of Australia’s significant undeveloped rare earth projects.

Average Trading Volume: 11,067,364

Technical Sentiment Signal: Sell

Current Market Cap: A$17.48M

For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.

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