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RareX Limited (ASX:REE)

ALERT: Price-sensitive ASX Announcement for REE
Current share price for REE : $0.012 -0.017 (-58.62%)+
Announcement
Release
30 Jan 2026 7:46PM
Price at Release
$0.029
Full Release
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Summary
RareX Limited's quarterly activities report for the quarter ended 31 December 2025 highlights significant developments in its exploration projects and financial status. The Cummins Range Rare Earths Project in Western Australia has advanced with a granted mining lease and new gallium assay results. Additionally, the company has planned a 3,000m drill program targeting rare earth and niobium mineralized carbonatites at the Khaleesi Project. Financially, RareX reports a net cash outflow from operations of $1.397 million and expects to raise $5 million from a placement to bolster its funding, with a cash balance of approximately $6.5 million anticipated. The company also reports ongoing collaborations with Gega Elements and US Strategic Metals to enhance its processing and supply chain capabilities.
Key Points
  • Cummins Range Project advances with granted mining lease.
  • New gallium assay results at Cummins Range enhance project potential.
  • Planned 3,000m drill program at Khaleesi targeting rare earths.
  • Net cash outflow from operations of $1.397 million reported.
  • Expecting to raise $5 million from a new placement.
  • Anticipated cash balance of $6.5 million post-placement.
  • Collaborations with Gega Elements and US Strategic Metals for processing and supply chain development.
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.