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AXL - Axel Ree

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Axel Ree Limited was spun out of Foxfire Metals by way of a bonus issue of shares to Foxfire Metals’ shareholders with a focus on the discovery and development of critical mineral resources, primarily rare earth elements, in Brazil.

The Company holds 100% interest in the following projects located in Brazil:

(a) the Caladáo Project, located in the “Lithium Valley” region of the northern Minas Gerais State
(b) the Caldas Project, located in the southern Minas Gerais State, bordering with São Paulo State
(c) the Itiquira Project, located in the Mato Grosso State; and
(d) the Corrente Project, located in the Piauí State

Following completion of its IPO, the Company's proposed business model will be to focus on exploration and development of mineral resource opportunities, and specifically exploration and development of its four Brazil projects, initially as per the Company's proposed exploration programs.

It is anticipated that AXL will list on the ASX during July 2024.

 
Listing date29 July 2024 #
Company contact detailshttps://ww.axelreelimited.com.au/
Ph: 61 03 9249 9555
Principal ActivitiesMining Exploration
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeAXL
Capital to be Raised$15,000,000
Expected offer close date13 June 2024
UnderwriterNot underwritten. Bell Potter Securities Limited (Lead Manager).

 
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