
RareX signs MoU with Nitron Group for Cummins Range product
RareX (ASX:REE) has signed a memorandum of understanding (MoU) with global fertiliser trading and distribution company Nitron Group for product from the Cummins Range rare earths and phosphate project. Under the MoU, Nitron will receive offtake from stage one and stage two production from Cummins Range. The stage one offtake consists of 250ktpa of direct application shipping ore (DSO) phosphate from 2025, while the stage two offtake consists of 250ktpa of high-grade phosphate concentrate from 2028. Stage two provides an opportunity for further product from lower-grade rare earth resources, potentially expanding the volume of mineable ore from Cummins Range. RareX chief executive James Durrant says the MoU marks a step towards de-risking the company’s product and project development strategy. “The…









