Axel REE (ASX: AXL) made its debut on the ASX on 23 July 2024, listing at $0.20 per share after a strongly supported $13.3 million IPO that gave the Brazil-focused rare earths explorer a market capitalisation of around $34.9 million. Led by Bell Potter Securities, the raise drew what the company described as exceptional interest across institutional, sophisticated and retail investors, and the proceeds are earmarked to accelerate exploration and drilling across our Minas Gerais project portfolio, including the flagship Caladão and Caldas projects spanning more than 1,000km². Non-executive Chairman Paul Dickson framed the listing as a chance for Axel to become the next major player in Brazilian rare earths. Read the full article on Mining.com.au to see how our ASX story began:

Brazilian explorer Axel REE debuts on ASXCritical minerals explorer Axel REE trading Australian Securities Exchange $13.3 million IPO Brazilian explorer Axel REE debuts ASXhttps://mining.com.au/brazilian-explorer-axel-ree-debuts-on-asx/