RareX Limited (AU:REE) has released an update.
RareX Limited has updated the Mineral Resource Estimate for its Cummins Range Project, revealing a significant resource of rare earths and phosphate, solidifying its status as Australia’s largest undeveloped deposit. The company has initiated a business development strategy targeting critical minerals in strategic global regions and is also implementing cost-saving measures to mitigate market downturn effects. RareX remains focused on advancing the Cummins Range Project, with aims for off-take and project approvals in the upcoming quarter.
For further insights into AU:REE stock, check out TipRanks’ Stock Analysis page.
