Australia's RareX rises on deal with US Strategic Metals

Rarex

30/10/2025 24:28

** Shares of Australia's RareX REE.AX rise as much as 25% to A$0.045, their highest level since October 21

** Rare earths firm enters non-binding MoU with US Strategic Metals (USSM)

** Under deal, parties to assess if products from co's future operations, including heavy rare earth elements, can be processed at USSM's Missouri multi-metallic critical minerals site

** Parties to jointly pursue funding

** YTD, REE has more than quadrupled in value

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))