Business
RareX tops up cash reserves to advance WA rare earths projects – Small Caps
RareX (ASX: REE) will top up its cash reserves via a “strongly supported” $3 million placement, with proceeds to be used to advance its Western Australian rare…
RareX (ASX: REE) will top up its cash reserves via a strongly supported $3 million placement, with proceeds to be used to advance its Western Australian rare earth element projects.
The company has received firm commitments from institutional, professional and sophisticated investors to raise the $3 million via the issue of 30 million shares at $0.10 each.
RareX directors are also participating in the placement by collectively subscribing for $90,000-worth of shares.
Canaccord Genuity (Australia)…
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