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Axel REE Ltd. ( (AU:AXL) ) has issued an update.
Axel REE Limited announced significant progress in its Caladão Project, delivering two JORC Inferred Mineral Resource Estimates for rare earth elements and gallium. The project, located in Brazil’s Lithium Valley, has expanded its mineralized zone to 115.6 km², with new targets identified. The company is advancing metallurgical test work and has secured partnerships to optimize extraction processes. Additionally, Axel has successfully dual-listed on the Frankfurt Stock Exchange, bolstering its financial position with a strong cash reserve of $7.9 million.
More about Axel REE Ltd.
Axel REE Limited operates in the mineral exploration industry, focusing on rare earth elements (REE) and gallium. The company is strategically positioned in Brazil’s Lithium Valley, benefiting from a robust mining ecosystem and infrastructure. Axel’s primary project, the Caladão Project, covers approximately 430 km² and targets the extraction of REE and gallium.
Average Trading Volume: 1,020,090
Technical Sentiment Signal: Strong Buy
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