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AXL — Axel REE News Story

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Australia's Axel REE gains on signing MoUs with government in Brazil

** Axel REE AXL.AX rises 5.8% to A$0.055; set for biggest intraday pct gain since January 28

** Rare-earths elements explorer signs multiple MoUs to fast track development of Caladão REE and Gallium and Caldas REE Projects in Brazil's Minas Gerais

** Around 413,847 shares traded vs 30-day avg of 377,880

** AL down 21.5% YTD

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))

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