Rarex Ltd

RareX (ASX: REE) has entered into a $50 million financing agreement with alternative investment firm GEM Global Yield to develop the Mrima Hill rare earths and phosphate mine and processing facility in Kenya. The parties will conduct the US-aligned share subscription facility (SSF) in two equal tranches, contingent upon a consortium comprised of RareX and […]

RareX (ASX: REE) has located multiple mineralised veins grading up to 1.7% total rare earth oxides (TREO) in the first phase of exploration at its Mt Mansbridge heavy rare earths project in Western Australia. The company collected 39 rock chip samples and more than 1,000 soil samples from high-priority areas including the Sigma prospect. The […]

RareX (ASX: REE) subsidiary RareXploration has identified a heavy-rare-earth-bearing quartz breccia vein at the Mt Mansbridge South target in Western Australia, confirming the fertility of basement rocks and the project’s geological model. It is the first vein discovery at the project in 50 years and supports the company’s belief that the Mt Mansbridge project has […]

A consortium comprising RareX (ASX: REE) and Iluka Resources (ASX: ILU) has applied to Kenya’s National Mining Corporation (NAMICO) for prospecting rights to the Mrima Hill rare earth–niobium–phosphate–manganese project. The partners have also applied to form a special purpose vehicle (SPV) that will see RareX take the lead in socio-environmental, resource definition and engineering studies […]