Australia's RareX jumps on $33 million facility

Rarex

24/09/2025 02:21

** RareX REE.AX jumps as much as 13.6% to A$0.025, highest since July 16

        ** Critical minerals miner secures up to A$50 mln (~$33 mln) for Kenya's Mrima Hill rare earths project, contingent on its acquisition by RareX–Iluka Resources ILU.AX consortium

** About 8.5 mln shares traded, 2.5x the 30-day avg

** REE surges 166.7% YTD

($1 = A$1.5168)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))