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RareX Limited (ASX:REE)

ALERT: Price-sensitive ASX Announcement for REE
Current share price for REE : $0.013 -0.002 (-13.33%)+
Announcement
Release
30 Apr 2026 5:14PM
Price at Release
$0.015
Full Release
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Summary
RareX Limited's quarterly report highlights significant activities including a $5 million equity raise, investments in listed companies, and the granting of a mining lease for the Cummins Range Project. The company's operations consumed $1.131 million in cash, with available cash and equivalents at $4.834 million. Strategic board appointments aim to enhance U.S. ties, and exploration projects at Cummins Range and Khaleesi continue to develop. The company holds sufficient funding to support operations for over four quarters.
Key Points
  • RareX Limited reported its quarterly cash flow and activities for the quarter ended 31 March 2026.
  • The company received $5 million from equity securities issuance during this quarter.
  • Net cash used in operating activities amounted to $1,131,000 while investing activities used $250,000.
  • Cash and cash equivalents at the end of the period were $4,834,000.
  • RareX maintains investments in listed companies worth $5,661,770 as of 31 March 2026.
  • A mining lease was granted for the Cummins Range Rare Earths Project, marking an important regulatory milestone.
  • Key appointments include Ms Selina Hayes to the Board, strengthening U.S. strategic ties.
  • The Khaleesi Project contains potential for rare earth and niobium exploration.
  • Estimated quarters of funding available is 4.19 based on current cash outflows.
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.