Top Page
RareX Limited
(Sydney:REE)
RareX Limited (REE) vs. iShares MSCI Australia ETF (EWA)
RareX Limited Business Overview & Revenue Model
RareX Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.01M | 43.33K | 0.00 | 2.00M | 0.00 |
| Gross Profit | -968.60K | -620.18K | -1.42M | -136.75K | -1.50M | -48.86K |
| EBITDA | -4.43M | -2.64M | -3.99M | -10.75M | -10.61M | -5.33M |
| Net Income | -3.50M | -3.50M | -3.28M | -9.32M | -11.23M | -5.39M |
Balance Sheet | ||||||
| Total Assets | 4.48M | 4.48M | 5.48M | 7.66M | 11.83M | 9.36M |
| Cash, Cash Equivalents and Short-Term Investments | 1.75M | 1.75M | 1.94M | 4.31M | 8.23M | 4.48M |
| Total Debt | 8.64K | 8.64K | 9.43K | 240.12K | 323.13K | 385.28K |
| Total Liabilities | 700.81K | 700.81K | 1.01M | 2.14M | 2.26M | 1.13M |
| Stockholders Equity | 3.78M | 3.78M | 4.47M | 5.52M | 9.56M | 8.24M |
Cash Flow | ||||||
| Free Cash Flow | -2.71K | -2.71M | -4.18M | -7.58M | -6.54M | -4.19M |
| Operating Cash Flow | -2.71K | -2.71M | -4.18M | -7.39M | -6.48M | -3.42M |
| Investing Cash Flow | 0.00 | 0.00 | -1.01K | -211.47K | -50.78K | -1.46M |
| Financing Cash Flow | 2.56K | 2.56M | 1.75M | 3.68M | 10.28M | 5.94M |
RareX Limited Technical Analysis
RareX Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$42.26M | -9.36 | -15.50% | ― | ― | 3.79% | |
49 Neutral | AU$15.60M | -2.81 | -42.91% | ― | ― | -4.35% | |
48 Neutral | AU$41.22M | -16.67 | -12.53% | ― | ― | 40.00% | |
47 Neutral | AU$29.90M | -6.74 | -84.97% | ― | -100.00% | 8.51% | |
41 Neutral | AU$40.24M | -6.05 | -5.81% | ― | -67.81% | -244.10% |
RareX Limited Corporate Events
RareX Limited has secured firm commitments to raise A$5 million through a share placement to institutional, sophisticated and professional investors at A$0.0275 per share, with approximately 181.8 million new shares to be issued under existing placement capacity and accompanied by free-attaching options subject to shareholder approval. The oversubscribed raising, priced at a discount to the recent VWAP but a premium to the company’s last capital raise, strengthens RareX’s funding position to advance exploration drilling at its Khaleesi project, progress project development and feasibility work at the newly permitted Cummins Range operation, and continue pursuing the Mrima Hill carbonatite proposal with Iluka Resources, marking what management describes as an inflection point in de‑risking and commercialising its growing portfolio of critical mineral assets.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has requested an immediate trading halt in its securities on the ASX as it prepares an announcement regarding a planned capital raising. The halt, granted by ASX Compliance, will remain in place until either the capital-raising announcement is released or normal trading commences on Wednesday, 28 January 2026, signalling that the company is moving to secure additional funding that could influence its financial position and future project development plans.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has appointed veteran economic geologist Glen Edwards as General Manager – Business Development, bringing more than 35 years’ global experience in exploration, discovery and corporate growth, with particular depth in Africa and East Africa. His appointment is timed to support RareX’s progressing proposal for the Mrima Hill critical minerals project in Kenya, as well as to drive broader business development, exploration at Khaleesi and other assets, and strategic oversight of the Cummins Range project as it advances through metallurgical optimisation and development planning following its recent mining lease approval, strengthening the company’s positioning in critical minerals growth markets.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has secured a key Mining Lease for its 100%-owned Cummins Range Project in Western Australia, a multi-commodity critical minerals asset hosting rare earths, gallium, scandium and phosphate. The grant, considered one of the most complex approvals in the state, materially de-risks the project by confirming RareX’s statutory right to develop a mining operation and shifting remaining approvals to the operational and environmental domain. With tenure risk largely removed, the company plans to concentrate on metallurgical optimisation, process flowsheet design and value maximisation across multiple mineral streams, paving the way for detailed mine planning, financing discussions and potential strategic partnerships as it advances what it describes as Australia’s largest undeveloped rare earths project.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has notified the ASX of the issue of 3 million unquoted options under an employee incentive scheme, comprising 2 million options expiring on 13 October 2028 with an exercise price of $0.046 and a further 1 million options with an exercise price of $0.045, all issued on 7 January 2026. The move strengthens RareX’s equity-based remuneration structure, aiming to align staff incentives with long-term shareholder value and support talent retention as the company advances its projects in the competitive critical minerals space.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has issued 4,000,000 new ordinary shares, advising that the shares were issued without a prospectus under the Corporations Act and confirming its ongoing compliance with financial reporting and continuous disclosure obligations. The company also stated there is no excluded information relevant to the new share issue, signalling a routine capital management step that supports its ongoing development and optimisation of a portfolio centred on the Cummins Range rare earths and phosphate project and other carbonatite-hosted critical mineral assets.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has notified the ASX of the initial interests of newly appointed director Selina Hayes, effective 1 January 2026. The filing confirms that Hayes holds no relevant interests in RareX securities, either directly or indirectly, and has no interests in any related contracts, signalling a neutral starting position in terms of equity alignment and potential conflicts of interest as she joins the board.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited has applied for quotation on the ASX of 4,000,000 new ordinary fully paid shares, effective 7 January 2026, under an immediate issue of shares following a shareholder resolution. The additional securities expand the company’s quoted capital base, potentially supporting its funding capacity and market liquidity for existing and new investors.
The most recent analyst rating on (AU:REE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on RareX Limited stock, see the AU:REE Stock Forecast page.
RareX Limited announced the successful passing of all resolutions at its Annual General Meeting held on November 28, 2025. Key resolutions included the adoption of the Remuneration Report, re-election of director Danny Goeman, approval of a 10% Placement Facility, appointment of an auditor, and renewed approval of the Employee Securities Incentive Plan. The approval of these resolutions reflects shareholder confidence and positions RareX to continue its strategic initiatives in the rare earth elements sector.
RareX Limited has announced a proposed issue of 10,000,000 performance rights as part of a new securities placement. This move is aimed at enhancing the company’s financial flexibility and supporting its strategic initiatives, potentially impacting its market positioning and offering growth opportunities for stakeholders.
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.
RareX Limited has announced the completion of heritage clearance for its Khaleesi drill campaign, paving the way for a significant exploration program targeting gallium-rich clays at the Niobe prospect. The planned 3,000-meter drill program, supported by EIS funding, aims to test high-grade gallium zones within the Khaleesi Alkaline Intrusive Complex. This development could enhance RareX’s position in the rare earth and critical minerals market, potentially benefiting stakeholders by expanding resource estimates and advancing project development.
RareX Limited has successfully engaged with the Jaru Native Title holders over a three-day site visit to discuss the mining heritage protection agreement, which is set for formal endorsement in late November 2025. This agreement is crucial for securing the Mining Lease for the Cummins Range project, allowing RareX to advance its development activities, including metallurgy and potential field trials. The collaboration promises economic and social benefits for the Jaru people and the Kimberley region, with opportunities for royalties, business, and employment. The project is poised to enhance its market positioning by progressing metallurgical work and establishing strategic partnerships for mineral extraction and processing.
RareX Limited has issued 1,000,000 ordinary shares without disclosure to investors, as per the Corporations Act requirements. This move aligns with the company’s strategy to develop and optimize its portfolio of carbonatite-related projects, potentially impacting its market positioning by advancing its significant Cummins Range Project and other exploration endeavors.
RareX Limited has announced the issuance of 1,000,000 fully paid ordinary securities to be quoted on the ASX under the code REE. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects, potentially impacting its market presence and offering new opportunities for stakeholders.
RareX Limited has appointed Ms. Selina Hayes as a Non-Executive Director, aiming to strengthen its alignment with U.S. strategic interests and expand its reach across Africa. Ms. Hayes, with her extensive experience in U.S. government strategic initiatives and African mining opportunities, is expected to enhance RareX’s capabilities in U.S. policy alignment, project generation in Africa, and rare-earth advocacy. Her appointment comes at a pivotal moment for the global critical-minerals sector, aligning with RareX’s strategy to build secure and transparent rare-earth supply chains.
RareX Limited has reported significant progress in its projects, notably the Cummins Range Rare Earths Project in Western Australia, which has shown high-grade gallium results positioning it as a potentially leading gallium deposit in Australia. The company is also advancing its consortium with Iluka Resources for the Mrima Hill Project in Kenya, having completed early-stage community engagement planning and securing a $50 million funding facility from GEM. These developments enhance RareX’s strategic positioning in the rare earths market, with implications for increased resource development and stakeholder engagement.