RareX Secures New Asset and Advances Projects

RareX Limited (AU:REE) has released an update.

RareX Limited has acquired the Khaleesi Niobium Project, a promising asset in Western Australia with significant niobium and rare earth elements, alongside a successful $1.5 million equity placement to fund ongoing projects. The company has completed all critical environmental studies for its Cummins Range Project, moving closer to securing project approvals and off-take agreements. RareX ends the quarter with a strong financial position, holding $4.6 million in cash and investments.

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