What are rare earth elements (REEs)?

REEs are 17 elements needed to make cellphones, electric cars, and renewable energy technology.

What is the Axel REE Project?

Axel REE Limited main project is in Western Australia. It may include large amounts of neodymium, praseodymium, and other key REE resources.

How much did Axel REE Limited raise in its IPO?

In its ASX IPO, Axel REE Limited raised $50 million by selling 100 million shares at $0.50 each.

What is Axel REE Limited current financial position?

As of June 30, 2024, Axel REE Limited is financially stable. The corporation has $45 million in cash and little debt. It has $60 million in assets and $5 million in liabilities.

What are the key risks associated with investing in Axel REE Limited?

The principal risks of investing in Axel REE Limited include delays or cost overruns in developing the Axel REE Project, fluctuations in REE prices and demand, increased competition from other REE producers, and regulatory or environmental issues that could affect the company operations.