Australian Rare Earths Limited ( (AU:AR3) ) has provided an announcement.
Australian Rare Earths Limited (AR3) has secured a $5 million grant from the Australian Government to advance its Koppamurra Rare Earths Project, which aims to enhance the supply of critical minerals vital for clean energy. The grant will support metallurgical testwork, a Pre-Feasibility Study, and the design of a demonstration plant, positioning AR3 to benefit from geopolitical shifts in rare earth supply chains. Additionally, AR3’s Overland Uranium Project has identified significant uranium mineralization, indicating potential for various deposit styles. The company has strengthened its financial position with a successful rights issue, raising $3.6 million to accelerate project development.
More about Australian Rare Earths Limited
Australian Rare Earths Limited is involved in the mining and development of rare earth elements, focusing on projects that contribute to diversified supply chains for critical minerals essential for the global clean energy transition. The company is advancing its Koppamurra Rare Earths Project as a potential source of light and heavy rare earths and is also exploring uranium deposits through its Overland Uranium Project.
YTD Price Performance: 10.0%
Average Trading Volume: 191,899
Technical Sentiment Signal: Hold
Current Market Cap: A$23.32M
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