RareX (ASX:REE): Raises $2 Million

RareX Limited (ASX:REE) has raised $2 million from investors allowing it to accelerate exploration and licensing activities across key rare earth projects in Australia and Kenya

🪨RareX is a critical minerals company specialising in rare earths and niobium
⛏️Funds will support rare earth exploration at Mt Mansbridge, advance licensing at Cummins Range and progress the Mrima Hill project
👥90.9 million new shares will be issued at A$0.035, pending shareholder approval

“This was a demand driven and highly effective capital raise at VWAP premiums at an opportune time; reducing capital pressures to prosecute the strategy of exploring for heavy rare earths at Mt Mansbridge, further advancing and licencing the rare earth, gallium, scandium and phosphate carbonatite project at Cummins Range, and prosecuting the initiative in consortium with Iluka Resources to procure the Mrima Hill rare earth and niobium project in Kenya.” – James Durrant, CEO & Managing Director of RareX

ASX Announcement ⚡️ https://announcements.asx.com.au/asxpdf/20250721/pdf/06lzccvqgwn09x.pdf

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