This placement positions RareX at an important inflection point, with Cummins Range moving into development following the grant of the Mining Lease, drilling commencing at Khaleesi targeting gallium and mineralised carbonatites, and the Mrima Hill consortium proposal reaching a decision point. The level of demand, at a significant premium to the prior placement, reflects strong investor confidence in our strategy and asset base and provides the funding required to deliver on our near-term priorities.