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RareX Raises $2.7M to Advance Rare Earths Projects with Institutional Backing

2:33am on Monday 2nd of June, 2025 AEST Mining
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RareX Raises $2.7M to Advance Rare Earths Projects with Institutional Backing

2:33am on Monday 2nd of June, 2025 AEST
Key Points
  • A$2.7 million raised via share placement at A$0.022 per share
  • One-for-two free-attaching options exercisable at A$0.035 included
  • Funds earmarked for exploration and corporate activities at Cummins Range and Mrima Hill
  • Strong demand from existing and new institutional investors
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