Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from RareX Limited ( (AU:REE) ).
RareX Limited has secured a flexible A$50 million Share Subscription Facility from GEM Global Yield LLC SCS to support its Mrima Hill project in Kenya. The facility, contingent on the project’s approval, will fund the consortium’s initial three-year program, including a pilot plant, and is expected to strengthen RareX’s partnerships across Kenya, Australia, and the United States, enhancing its industry positioning and growth potential.
More about RareX Limited
RareX Limited is an Australian-based company specializing in rare earth resources, focusing on the development of critical minerals projects. Their flagship project, Cummins Range, is Australia’s largest undeveloped rare earth project. RareX is also advancing the Mrima Hill Rare Earths Project in Kenya, which has the potential to be a significant source of rare earth mineral products for refining in Australia. The company is dedicated to advancing projects that deliver high-quality rare earths essential for the global energy transition.
Average Trading Volume: 4,327,005
Technical Sentiment Signal: Hold
Current Market Cap: A$22M
See more data about REE stock on TipRanks’ Stock Analysis page.