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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.060 -0.032 (-34.78%)+
Announcement
Release
28 Jan 2026 9:13AM
Price at Release
$0.092
Full Release
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Summary
Axel REE Limited's quarterly report for the period ending 31 December 2025 highlights significant growth in resources at the Caladão Project with a 145% increase in REE and a 339% increase in gallium. The report details a net cash outflow of $750,000 from operating activities and a closing cash balance of $7.1 million, ensuring the company is well-funded for its exploration endeavors. The company focused on expanding its resource base and made no mining or development advancements during the quarter, while performance rights were vested as key milestones were achieved.
Key Points
  • The report is a quarterly cash flow report for Axel REE Limited for the quarter ending 31 December 2025.
  • Axel REE Limited achieved significant resource growth at the Caladão Project, with a 145% increase in REE and a 339% increase in gallium resources.
  • Cash flows from operating activities resulted in a net outflow of $750,000 for the quarter.
  • Cash and cash equivalents at the end of the quarter stood at $7.1 million.
  • The company maintains a strong cash position to support its exploration strategy.
  • Performance rights vested due to achieved milestones, with shares issued to key personnel.
  • No mining production or development activities occurred during the quarter.
  • The company's focus is on advancing its flagship Caladão REE-Gallium Project and expanding resources through ongoing exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.