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Renegade Exploration Limited ( (AU:RNX) ) has shared an update.
Renegade Exploration Limited has expanded its US portfolio by acquiring 39 lode claims in the Mountain Pass area, a significant mining hotspot. This strategic move places the company near major rare earth operations, enhancing its position in the Walker Lane Trend. The acquisition is timely, given the US government’s recent investments in the region to bolster domestic rare earth supply chains. Renegade plans to commence field programs imminently to assess the geological potential of the new claims, which are believed to contain valuable minerals.
More about Renegade Exploration Limited
Renegade Exploration Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in the extraction of gold and rare earth elements, with a strategic emphasis on expanding its presence in mineral-rich regions.
Technical Sentiment Signal: Sell
Current Market Cap: A$12.31M
For detailed information about RNX stock, go to TipRanks’ Stock Analysis page.