ABx Group Limited (AU:ABX) has released an update.
ABx Group Limited has strengthened its rare earth project in Tasmania by signing a Memorandum of Understanding with Ucore, aiming for a binding offtake agreement and potential investment. The company achieved a significant increase in fluorine recovery in its ALCORE project and continues negotiations for long-term bauxite supply contracts. Additionally, ABx received a grant to support its exploration activities, enhancing its position in the clean materials sector.
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