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RareX Limited (ASX:REE)

ALERT: Price-sensitive ASX Announcement for REE
Current share price for REE : $0.011 -0.023 (-67.65%)+
Announcement
Release
27 Jan 2026 9:22AM
Price at Release
$0.034
Full Release
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Summary
RareX Limited announced it has secured commitments to raise A$5 million through a share placement at A$0.0275 per share. This capital will be utilized for exploration drilling at the Khaleesi project, advancing the Cummins Range project, and ongoing work on the Mrima Hill consortium proposal. The placement was met with strong demand, highlighting investor confidence in RareX's strategy, which focuses on rare earths, gallium, niobium, and scandium projects in Australia. The funds raised will support the development of these projects, including the Cummins Range project, which is considered Australia's largest undeveloped rare earths project.
Key Points
  • RareX Limited raised A$5 million via share placement.
  • Placement price was A$0.0275 per share.
  • Funds to be used for Khaleesi and Cummins Range projects.
  • Strong demand from investors for the placement.
  • Cummins Range is Australia's largest undeveloped rare earths project.
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.