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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.084 0.012 (16.67%)+
Announcement
Release
5 May 2026 9:30AM
Price at Release
$0.072
Full Release
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Summary
Axel REE Limited, listed on ASX as AXL, presented at the RIU Resources Round-Up in May 2026, showcasing their advancements in the Caladão Project in Brazil. The company is leveraging In Situ Recovery (ISR) technology, a proven and environmentally friendly method, to extract rare earth elements (REE) from ionic clays. This approach is posited as low-cost and scalable, aligning with global shifts towards sustainable mining practices. Axel REE is also strategically positioned with a large gallium resource, distinct from traditional bauxite sources, which is critical given geopolitical constraints on supply. Development of ISR wellfields is underway, with field trials planned for the Woolrich and Paraíso deposits. The company is also pursuing strategic partnerships to enhance its growth trajectory.
Key Points
  • Axel REE is applying In Situ Recovery (ISR) technology at its Caladão Project in Brazil.
  • ISR is environmentally friendly and cost-effective for extracting rare earth elements from ionic clays.
  • Axel REE holds Brazil’s only defined primary gallium resource, a critical technology metal.
  • Field trials for ISR wellfields are planned at Woolrich and Paraíso deposits.
  • The company seeks strategic partnerships to leverage its resource base and ISR expertise.
  • Axel REE is listed on ASX with the code AXL and focuses on sustainable mining practices.
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.