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RareX Limited
(Sydney:REE)
RareX Limited (REE) vs. S&P 500 (SPY)
RareX Limited Business Overview & Revenue Model
RareX Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 43.33K | 0.00 | 2.00M | 0.00 | 0.00 | Gross Profit |
| -1.42M | -136.75K | 2.00M | -48.86K | ― | EBIT |
| -6.04M | -11.22M | -9.27M | -4.70M | -3.23M | EBITDA |
| -3.99M | -10.75M | -10.61M | -5.33M | -3.23M | Net Income Common Stockholders |
| -3.28M | -9.32M | -11.23M | -5.39M | -6.69M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.94M | 4.31M | 8.23M | 4.48M | 3.43M | Total Assets |
| 5.48M | 7.66M | 11.83M | 9.36M | 7.69M | Total Debt |
| 9.43K | 240.12K | 323.13K | 385.28K | 0.00 | Net Debt |
| -1.89M | -4.07M | -7.91M | -4.09M | -3.43M | Total Liabilities |
| 1.01M | 2.14M | 2.26M | 1.13M | 1.34M | Stockholders Equity |
| 4.47M | 5.52M | 9.56M | 8.24M | 6.35M |
| Cash Flow | Free Cash Flow | |||
| -4.18M | -7.58M | -6.54M | -4.19M | -1.38M | Operating Cash Flow |
| -4.18M | -7.39M | -6.48M | -3.42M | -1.35M | Investing Cash Flow |
| -1.01K | -211.47K | -50.78K | -1.46M | 130.53K | Financing Cash Flow |
| 1.75M | 3.68M | 10.28M | 5.94M | 4.22M |
RareX Limited Technical Analysis
RareX Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $7.79B | 153.13 | 2.27% | ― | -20.07% | -74.91% | |
52 Neutral | AU$24.03M | ― | -111.05% | ― | -100.00% | 33.33% | |
50 Neutral | AU$125.13M | ― | -15.33% | ― | -52.53% | -27.29% | |
49 Neutral | $1.96B | -1.17 | -21.28% | 3.71% | 1.14% | -30.35% | |
46 Neutral | $468.22M | ― | -33.33% | ― | ― | 65.19% | |
33 Underperform | AU$61.38M | ― | -86.77% | ― | ― | -879.59% |
RareX Limited Corporate Events
RareX Limited has been awarded Exploration Incentive Scheme (EIS) funding for its Khaleesi Project, which has identified extensive gallium mineralization. The EIS grant will support RareX’s drilling campaign, covering up to 50% of direct drilling and mobilization costs, capped at $175,000. This funding is a significant boost to the company’s exploration efforts in Western Australia, allowing them to accelerate work on high-priority targets, including the Niobe prospect. The project is expected to unlock district-scale potential and advance RareX’s strategy to deliver critical minerals, with potential implications for stakeholders as the company progresses in its exploration activities.
RareX Limited has been awarded an Exploration Incentive Scheme (EIS) drilling grant for its Khaleesi Project in Western Australia, which will support the testing of multiple targets within the Khaleesi Alkaline Intrusion Complex. This grant, covering up to 50% of drilling and mobilization costs, is seen as a significant boost to the company’s exploration efforts, allowing them to accelerate their strategy to uncover a potentially large gallium mineralized system. The project is strategically located near significant mineralized systems, enhancing its potential impact on the company’s operations and positioning within the industry.
RareX Limited has announced that its REEO options will expire on May 26, 2025, and holders are reminded to exercise their options at $0.0675 per option by this date to receive one fully paid ordinary share per option. The company has provided options holders with the choice to exercise, sell, or allow their options to lapse, with the current market price of shares being $0.031, reflecting recent trading activity.
RareX Limited has formed a consortium with Iluka Resources to apply for the Mrima Hill project in Kenya, which is rich in rare earth, niobium, phosphate, and manganese. The consortium aims to establish a Special Purpose Vehicle (SPV) for the project’s development, with RareX leading the de-risking efforts. If successful, the project could significantly enhance RareX’s position in the rare earth market, with potential offtake agreements to supply Iluka’s Eneabba refinery in Australia. The proposal includes collaboration with Curtin University to transfer skills to local Kenyans, supporting long-term project operations.
RareX Limited has requested a trading halt on its securities pending an announcement about a proposed application for tenure. This move indicates potential strategic developments that could impact the company’s operations and market positioning, with the trading halt expected to last until April 22, 2025, or until the announcement is made.
RareX Limited has announced significant scandium values at its Cummins Range project, positioning it as a major source of critical minerals amidst recent geopolitical shifts. The discovery of high-grade scandium, along with gallium and rare earth elements, highlights the project’s strategic importance, especially in light of China’s recent export controls on these metals. This development underscores the potential for Cummins Range to become a leading supplier of critical minerals to Western markets, aligning with efforts to secure independent supply chains.
RareX Limited has announced the discovery of high-grade gallium at its Cummins Range project, marking a significant advancement in the site’s mineral profile. This discovery positions Cummins Range as the most advanced gallium deposit in Australia, with potential implications for the global gallium market, especially given the current dominance of China in gallium production and the critical need for this mineral in electronics and renewable energy sectors.
RareX Limited, a company listed on the Australian Securities Exchange under the codes REE and REEO, has released its interim consolidated financial statements for the half-year ending December 31, 2024. The report provides insights into the company’s financial performance and operational status, which could influence its market positioning and stakeholder interests.
RareX Limited has announced the granting of high-priority tenements at its Mt Mansbridge Heavy Rare Earths project in Western Australia, allowing exploration activities to commence in 2025. The project, located near the significant Browns Range HRE district, shows promising potential with high-grade yttrium findings and confirmed xenotime mineralization, positioning RareX as a key player in the rare earths sector. Heritage agreements with native title holders ensure responsible exploration practices, and the acquisition of a new tenement further expands the company’s exploration footprint.
RareX Limited has secured an access agreement with Deep Yellow’s subsidiary, Narnoo Mining, to facilitate the granting of licenses E39/2410 and E39/2415, and has been granted licenses E39/2495 and E39/2496, under the Department’s recent notification period. This development allows RareX to proceed with an optimised exploration program targeting carbonatite intrusions at the Khaleesi Project. With preparations including reconnaissance and heritage surveys underway, the company is poised to commence high-impact drilling initiatives once seasonal conditions permit, enhancing its strategic positioning in the rare earths sector.
RareX Limited has announced the appointment of Hall Chadwick WA Audit Pty Ltd as the new auditor, effective February 6, 2025, following approval from the Australian Securities & Investment Commission. The decision came after a comprehensive review of the company’s external audit arrangements and was part of a tender process where Hall Chadwick was selected for their expertise in the junior explorer sector. This change is in line with RareX’s Corporate Governance Plan, and shareholders will be asked to ratify the appointment at the 2025 Annual General Meeting.