Talaxis, a specialist rare earths project developer, becomes strategic partner and shareholder of RareX
Talaxis is a wholly-owned subsidiary of Noble Group Holdings Limited
Noble Group Holdings is Asia’s leading independent energy products and industrial raw materials supply chain manager
Noble Group Holdings operates in 50 countries with annual revenues in excess of US$2.5 billion1
Cummins Range has a JORC 2012 Inferred Resource of 13.0Mt at 1.13% TREO hosted in a weathered carbonatite similar to the world-class Mt Weld deposit owned by Lynas Corporation
Cummins Range has potential for high Neodymium and Praseodymium (NdPr) enrichment, two critical rare earth elements integral to the manufacture of EVs and wind turbines
Talaxis to assist RareX in securing offtakes, supply chain associates and strategic partners to develop its 100% owned Cummins Range Rare Earths Project
Partnership aligns with RareX’s low CAPEX strategy to produce a monazite rare earth concentrate for export to satisfy existing downstream processing capacity in China
REE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
