RareX Business Development Strategy Update

RareX Limited (ASX: $REE) is leveraging its internal capabilities for growth and business development in the global rare earths sector. The company's focus on off-take, permitting, and approvals at the Cummins Range Project has freed up internal capacity to pursue attractive growth opportunities in the current market cycle.

Executive Commentary on Business Development Strategy

RareX CEO, James Durrant, highlighted the company's shift towards business development opportunities, emphasizing that this move does not distract from the Cummins Range Project but rather aims to maximize the company's position in the market. Durrant expressed confidence in the rare earth fundamentals and the current market's potential for growth, citing the company's capable team, expert connections, and support of the board as key factors driving their expansion strategy.

Summary of RareX Business Development Strategy

RareX (ASX: $REE) is strategically allocating business development capacity to explore opportunities in Canada and the Kingdom of Saudi Arabia, aiming to acquire high-quality rare earth assets in stable jurisdictions proximal to key end-markets. The company remains bullish on the longer-term outlook for rare earths, anticipating a +6% compound annual growth rate year-on-year. With a focus on cost-saving initiatives and evaluating potential projects, RareX aims to thrive in the current market and capitalize on the forecasted rebound in rare earth prices and supply chain de-risking. The company's flagship project, Cummins Range, continues to progress through the off-take process and exploration activities, positioning RareX for significant long-term growth potential.