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The latest announcement is out from RareX Limited ( (AU:REE) ).
RareX Limited has signed a historic mining heritage protection agreement with the Jaru people for the development of the Cummins Range rare earth, gallium, scandium, and phosphate project. This agreement marks a significant milestone, allowing for the granting of a Mining Lease and providing confidence in the project’s development potential. It represents a collaborative effort between RareX and the Jaru people, ensuring economic and social benefits for the Jaru community while de-risking the project. The agreement includes performance rights and a royalty based on production, highlighting RareX’s commitment to fostering strong partnerships and securing long-term prosperity for stakeholders.
More about RareX Limited
RareX Limited is a critical minerals company specializing in rare earths, gallium, niobium, and scandium in hard rock carbonatites. The company focuses on exploration projects such as the Mt Mansbridge xenotime heavy rare earths project, the Khaleesi Project, and the Cummins Range Project, which is Australia’s largest undeveloped rare earths project. RareX also maintains investments in Kincora Copper, Cosmos Exploration, and Canada Rare Earth Corporation.
Average Trading Volume: 8,158,319
Technical Sentiment Signal: Buy
Current Market Cap: A$29.45M
Learn more about REE stock on TipRanks’ Stock Analysis page.