Australia's RareX eyes worst session in 3 weeks on discounted placement

Rarex

14/05/2025 02:27

** Shares of RareX REE.AX fall 16.7% to A$0.025, on track for weakest session since April 23

** Critical minerals co announces placement to raise A$2.7 million ($1.75 million) at A$0.022 per share

** Issue price represents a discount of 26.7% to the stock's last close

** Stock up 177.8% YTD, including moves in the current session

($1 = 1.5456 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))