RareX Limited (AU:REE) has released an update.
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RareX Limited has received an $827,000 tax refund for its research and development at the Cummins Range project, a major rare earth and phosphate site in Australia. This financial boost supports the company’s efforts to develop a low-cost startup phase, enhancing its position in the critical minerals market. With this funding, RareX plans to advance engineering at Cummins Range and explore new opportunities both domestically and internationally.
For further insights into AU:REE stock, check out TipRanks’ Stock Analysis page.
