The latest update is out from RareX Limited ( (AU:REE) ).
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.
More about RareX Limited
RareX Limited operates in the mining industry, focusing on the exploration and development of rare earth elements and critical minerals. The company is actively involved in projects that target alkaline intrusion complexes, with a particular emphasis on gallium and rare earth mineralization.
YTD Price Performance: 200.0%
Average Trading Volume: 14,146,668
Technical Sentiment Signal: Sell
Current Market Cap: A$24.03M
See more insights into REE stock on TipRanks’ Stock Analysis page.