RareX - REE (ASX) News & Expert Insights from Stockhead

RareX (ASX:REE) is a rare earths company focusing on developing the Cummins Range Project in Western Australia which it acquired in September 2019.

The Cummins Range Project is located 130km southwest of Halls Creek in the Kimberley Region of Western Australia and is one of two known rare earth bearing carbonatites in Australia with the other being Mt Weld owned by Lynas Corporation Ltd.

Cummins Range has potential for high Neodymium and Praseodymium (“NdPr”) enrichment which are critical elements in the manufacture of rare earth permanent magnets used in electric vehicles, wind turbines and advanced weapon systems.

KEY PEOPLE

Mr Hardcastle has over 10 years’ experience as a corporate and finance lawyer and extensive experience in corporate governance, risk management and compliance. He has been involved in a broad range of cross-border and domestic transactions including joint ventures, corporate restructuring, project finance, resources and asset/equity sales and acquisitions. Mr Hardcastle has practiced law both in Australia and overseas and is a partner at Bellanhouse Lawyers. Shaun is currently a non-executive director of ASX listed companies Hawkstone Mining Limited (ASX: HWK) and Schrole Group Limited (ASX: SCL).

Jeremy (BCom) has worked in both the capital markets and in-house for junior and mid-cap mining companies for the past 15 years. His roles have included: Company Secretary, Commercial Manager, Chief Financial Officer, investor relations, corporate development and business development. His current role has been with the establishment of junior explorer Marindi Metals Limited (ASX: MZN) helping it evolve from a single project private company to a multi-project ASX-listed public company operating in Australia and raising approximately $20m over the last four years. Prior to Marindi, he was involved in the $156m IPO of Mungana Goldmines Limited (ASX: MUX), which was ultimately acquired by private equity. Jeremy brings a broad range of skills to assist companies in identifying assets and helping them through the listing process.

John Young is a experienced geologist having been engaged on exploration and production projects encompassing gold, uranium and specialty metals including tungsten, molybdenum, tantalum and lithium. From 2002 to 2006, Mr Young was exploration manager for Haddington Resources and was responsible for resource exploration and resource definition for their Bald Hill Tantalum mine. His corporate experience included appointments as chief executive of Marenica Energy (January 2009 to November 2011), and chief executive and director of Thor Mining (June 2006- June 2009). Mr Young has held senior management and operational positions at Arrow Resources Management (management arm of Rothschild). He was managing director of Sturt Resources from December 2011 to June 2013 when it became part of Pilbara Minerals.