Axel REE (ASX: AXL) has commenced trading on the ASX, marking our arrival as an Australian-headquartered explorer focused on critical minerals, primarily rare earth elements, in Brazil. Australian Resources & Investment covered the debut, which followed a successful $13.3 million IPO and gave us a market capitalisation of $34.9 million and an enterprise value of $21.1 million on listing. The article walks through our roughly 1,000km² portfolio in Minas Gerais, from the flagship Caladão project in the Lithium Valley and the Caldas project near Meteoric Resources' high-grade Caldeira discovery, to the earlier-stage Itiquira and Corrente projects. As non-executive chairman Paul Dickson put it, interest in the IPO was exceptional despite volatile markets, and Axel has an opportunity to become the next major player in the Brazilian REE exploration sector. Read the full article at Australian Resources & Investment to see how our ASX journey began:

https://www.australianresourcesandinvestment.com.au/2024/07/26/critical-minerals-explorer-hits-the-asx/