RareX receives $0.83M tax refund for R&D activities

RareX Limited has received an $827,000 tax refund for research and development activities at the Cummins Range rare earth and phosphate project, supporting the low-cost phosphate startup stage. This refund places the company in a good position for 2024 and beyond, allowing progress in engineering at Cummins Range and exploration at other key projects. The unique nature of the mineralisation at Cummins Range provides an opportunity for a low-cost start-up, de-risking the rare earth development process. RareX continues to evaluate business development opportunities both within Australia and internationally, aligning with the country's focus on developing its rare earth value chain. Investors are encouraged to engage with this announcement at the RareX investor hub and can contact CEO James Durrant for more information. RareX remains committed to its exploration and commercial focus on rare earths and niobium, with ongoing development and optimization of its project portfolio. The company maintains investments in key ventures, demonstrating its strategic positioning in the critical minerals sector. Interested investors are welcome to reach out with any questions or for further details.