Australia's RareX surges on gallium find at rare earths project

Rarex

25/03/2025 02:14

** Shares of RareX REE.AX rise as much as 187.5% to A$0.023, posting their biggest intraday gain since August 9, 2019

** Stock hits its highest level since May 23, 2024

** Critical minerals explorer reports an unexpected high-grade gallium find at its Cumming Range rare earth project in Western Australia

** About 74.6 mln shares change hands, marking the stock's busiest day ever

** Stock last up 175%, bringing YTD gains to 144.4%

 (Reporting by Aaditya Govind Rao in Bengaluru)

 ((Aaditya.govindrao@thomsonreuters.com;))