RareX Raises $2.3 Million in Strongly Supported Share Placement




HIGHLIGHTS

  • Strong support from existing institutional and professional investors

  • Directors subscribe for $200,000 of placement

  • RareX will hold $6.1m in cash and listed investments post-completion

  • 6,000m RC drill program to commence at Cummins Range Rare Earths Project in July

  • No drilling has occurred at Cummins Range Rare Earths Project since 2011

  • Drilling ongoing at Trundle Copper-Gold Porphyry Project, NSW (35% free-carried interest plus ownership of 9.65% of listed equity of TSX-V listed Kincora Copper)

READ FULL ASX ANNOUNCEMENT HERE

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