Significant Gallium Mineralization Discovered in the Carajás Rare Earth Mine in Brazil

Axel Rare Earths reported "significant" gallium mineralization at its Caladao rare earth project in Brazil.

The main mineralization findings are as follows:

◎ 6 meters of mineralization at a depth of 4 meters, with a gallium grade of 0.0071%, including 1 meter of mineralization with a grade of 0.0124%;

◎ 45 meters of mineralization at the surface, with a grade of 0.005%.

The company reported that the gallium mineralization appears to be within the overburden of high-grade rare earth ore, extending over approximately 30 square kilometers.