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Axel REE Ltd. ( (AU:AXL) ) has shared an announcement.
Axel REE Limited has announced the dispatch of a prospectus for a pro-rata non-renounceable entitlement issue, offering eligible shareholders new options for every two shares held. These options are exercisable at $0.20 and expire in 2028. This move is part of Axel’s strategy to leverage its exploration projects in Brazil, potentially strengthening its position in the critical minerals industry, which is vital for technological advancement and sustainability.
More about Axel REE Ltd.
Axel REE is a critical minerals exploration company primarily focused on exploring rare earth elements (REE) projects in Brazil, covering over 1,105km² of exploration tenure. The company’s mission is to explore and develop REE and other critical minerals essential for modern technology and a sustainable global economy.
YTD Price Performance: -8.11%
Average Trading Volume: 1,409,679
Technical Sentiment Consensus Rating: Strong Buy
See more data about AXL stock on TipRanks’ Stock Analysis page.
