RareX (ASX:REE) purchases option to acquire Canadian rare earths company for A$1.02M
RareX (ASX:REE) purchases option to acquire Canadian rare earths company for A$1.02M SubscribeBe the first with the news that moves the market RareX (REE) is set to acquire Talaxis Group's entire stake in Canada Rare Earth Corporation (CREC), a TSX-listed rare earths company RareX will pay Talaxis an option fee of $50,000 to acquire over 24.7 million shares in CREC at C$0.04 (roughly A$0.041) This translates to an acquisition price of around C$991,186 (roughly A$1.02 million) CREC is considered an industry expert in global rare earths and building and operating rare earth refineries Ultimatel...
Source: themarketherald.com.au