RareX Limited (REEEF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
Market cap $18.0M is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerRareX Limited (REEEF) trades at $0.0148. RareX Limited is an Australian mineral exploration company focused on rare earth elements, nickel, cobalt, copper, and gold. Market cap: $18.0M, Sector: Basic materials.
Price as of Sep 11, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for REEEF: REEEF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates REEEF against Basic Materials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 15 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
REEEF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
RareX Limited (REEEF) Materials & Commodity Exposure
RareX Limited, based in Australia, is focused on exploring and developing mineral properties, with a primary emphasis on rare earth elements at its Cummins Range project. The company operates in the industrial materials sector, targeting resources like nickel, cobalt, copper, and gold, positioning it within the critical minerals supply chain.
What Is the Investment Thesis for REEEF?
RareX Limited presents a speculative investment opportunity within the rare earth elements sector. The primary value driver is the Cummins Range project, which holds significant potential but requires substantial capital investment for development. Key growth catalysts include successful exploration results and securing strategic partnerships. The company's negative P/E ratio of -8.42 reflects its current lack of profitability. A beta of -0.14 suggests low correlation with the overall market. The absence of a dividend reflects a focus on reinvesting capital into exploration and development activities. Investors should carefully consider the risks associated with resource exploration and development, including commodity price volatility and regulatory hurdles.
Based on FMP financials and quantitative analysis
REEEF Key Highlights
RareX Limited focuses on exploration and development of mineral properties in Australia.
- The company's flagship project is the 100% owned Cummins Range Rare Earths project.
- RareX explores for nickel, cobalt, copper, gold, and rare earths deposits.
- The company has a market capitalization of $18.0M.
- RareX Limited's P/E ratio is -8.42, indicating it is not currently profitable.
Who Are REEEF's Competitors?
REEEF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ARDNF Argent Minerals Limited | $0.02 | +26.66% | $34.1M | — |
| AVLNF Avalon Advanced Materials Inc. | $5.58 | -3.76% | $25.9M | — |
| CAULF Cauldron Energy Limited | $0.06 | 0.00% | $130M | — |
| CLMPF Canadian Premium Sand Inc. | $0.20 | 0.00% | $18.5M | — |
| CRICF Churchill Resources Inc. | $0.04 | 0.00% | $11.1M | — |
| LGO Largo Inc. | $0.69 | -4.86% | $50.9M | — |
| ELBM Electra Battery Materials Corporation | $0.52 | -3.28% | $55.1M | — |
| XPL Solitario Zinc Corp. | $0.60 | +0.08% | $56.2M | 465-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are REEEF's Key Strengths?
100% ownership of Cummins Range Rare Earths project
- Experienced management team
- Focus on critical minerals
- Located in a stable jurisdiction (Australia)
What Are REEEF's Weaknesses?
Limited financial resources
- Early-stage exploration company
- Dependence on Cummins Range project
- Negative P/E ratio
What Could Drive REEEF Stock Higher?
Exploration results from Cummins Range drilling program (Q2 2026).
- Completion of feasibility study for Cummins Range project (Q4 2026).
- Securing strategic partnerships for project development.
- Government funding initiatives for critical minerals projects.
- Increasing global demand for rare earth elements.
What Are the Key Risks for REEEF?
Financial-distress signal — its Altman Z-Score of -9.62 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-57.2%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Commodity price volatility impacting project economics.
- Regulatory delays in permitting and approvals.
- Environmental concerns affecting project development.
- Limited financial resources hindering project progress.
- Competition from larger mining companies.
What Are the Growth Opportunities for REEEF?
- Development of Cummins Range Rare Earths Project: RareX's primary growth opportunity lies in the successful development of its Cummins Range project. This project has the potential to become a significant source of rare earth elements, catering to the growing global demand. The timeline for development depends on funding, regulatory approvals, and infrastructure development, potentially spanning several years. The market for rare earth elements is projected to grow substantially, driven by the increasing adoption of electric vehicles and renewable energy technologies.
- Strategic Partnerships and Joint Ventures: RareX can pursue strategic partnerships or joint ventures to accelerate the development of its projects and share the financial burden. Partnering with established mining companies or technology firms can provide access to expertise, capital, and market access. These collaborations can expedite exploration, development, and production, enhancing RareX's competitive position. The timeline for securing partnerships varies but can significantly impact the company's growth trajectory.
- Expansion of Exploration Activities: RareX can expand its exploration activities to identify new mineral deposits and increase its resource base. This involves conducting geological surveys, drilling programs, and resource assessments. Successful exploration can lead to the discovery of new deposits, enhancing the company's long-term growth prospects. The timeline for exploration activities depends on funding and regulatory approvals, with potential discoveries occurring over several years.
- Securing Government Funding and Grants: RareX can pursue government funding and grants to support its exploration and development activities. Governments worldwide are increasingly investing in critical minerals projects to secure supply chains and promote economic growth. Securing funding can reduce the financial burden on RareX and accelerate the development of its projects. The timeline for securing funding depends on the availability of grants and the company's ability to meet eligibility criteria.
- Technological Innovation in Extraction and Processing: RareX can invest in technological innovation to improve the efficiency and sustainability of its extraction and processing methods. This includes adopting advanced technologies such as heap leaching, solvent extraction, and magnetic separation. These technologies can reduce costs, minimize environmental impact, and improve the recovery of valuable minerals. The timeline for implementing new technologies depends on research and development efforts and regulatory approvals.
What Are REEEF's Competitive Advantages?
- Strategic land position at Cummins Range
- Proprietary geological data
- Expertise in rare earth exploration
- Established presence in Australia
What Does REEEF Do?
RareX Limited, formerly known as Sagon Resources Limited, was established in 2003 and rebranded in December 2019 to reflect its strategic shift towards rare earth exploration. Headquartered in Subiaco, Australia, the company is dedicated to the exploration and development of mineral properties within the country. RareX's primary focus is on identifying and developing deposits of nickel, cobalt, copper, gold, and, most notably, rare earth elements. The company's flagship project is the 100% owned Cummins Range Rare Earths project, located in the East Kimberley region of Western Australia. This project is central to RareX's operations and represents a significant asset in its portfolio, holding substantial potential for rare earth element extraction. RareX Limited aims to capitalize on the increasing global demand for rare earth elements, which are critical components in various high-tech applications, including electric vehicles, renewable energy technologies, and electronics. The company is committed to advancing its exploration activities and developing its mineral resources to create value for its shareholders.
What Products and Services Does REEEF Offer?
- Explores for nickel deposits.
- Explores for cobalt deposits.
- Explores for copper deposits.
- Explores for gold deposits.
- Explores for rare earths deposits.
- Develops mineral properties in Australia.
- Focuses on the Cummins Range Rare Earths project.
How Does REEEF Make Money?
- Acquires and explores mineral properties.
- Conducts exploration activities to identify mineral deposits.
- Develops mineral resources for extraction.
- Seeks strategic partnerships for project development.
What Industry Does REEEF Operate In?
RareX Limited operates within the industrial materials sector, specifically targeting rare earth elements and other minerals. The demand for rare earth elements is driven by their use in electric vehicles, renewable energy, and electronics. The competitive landscape includes companies like ARDNF (Alkane Resources Ltd), AVLNF (Avalon Advanced Materials Inc), CAULF (California Resources Corp), CLMPF (Clermont Mining Corp), and CRICF (Critical Elements Lithium Corp), each with varying focuses and project stages. The sector is subject to commodity price fluctuations and geopolitical factors influencing supply chains.
Who Are REEEF's Key Customers?
- Downstream rare earth processors
- Manufacturers of electronics
- Electric vehicle manufacturers
- Renewable energy companies
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
Financial Health
RareX Limited's Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -9.62 places it in the distress zone, a signal of elevated financial risk.
Quarterly Financial Performance: RareX Limited
Revenue for RareX Limited came in at $0 during Dec 2025. The company recorded a net loss of $931K, with diluted EPS of $-0.00. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Basic Materials. Across the four most recent quarters, REEEF averaged $-0.00 in diluted EPS.
REEEF Valuation & Market Position
With a $18.0M market cap, RareX Limited sits in the micro-cap segment of the market.
Key Financial Metrics
Return on equity for RareX Limited stands at -57.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -66.6%, showing how much profit it generates from its asset base. A current ratio of 2.37 indicates the company holds enough short-term assets to cover its near-term obligations.
Company Profile
RareX Limited operates in the Other Precious Metals industry within the Basic Materials sector. It is headquartered in Subiaco, AU. The company is led by CEO James Durrant. REEEF has traded publicly since 2021.
REEEF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- 100% ownership of Cummins Range Rare Earths project
- Experienced management team
- Focus on critical minerals
- Located in a stable jurisdiction (Australia)
Bear Case
- Limited financial resources
- Early-stage exploration company
- Dependence on Cummins Range project
- Negative P/E ratio
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Dec 2025 | $0 | -$930,781 | -$0.0009 |
| Jun 2025 | $0 | -$1M | -$0.0018 |
| Dec 2024 | $0 | -$2,025 | -$0.0000 |
| Jun 2024 | -$1M | -$3M | -$0.0038 |
Based on FMP financials and quantitative analysis
REEEF Latest News
No recent news available for REEEF.
REEEF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for REEEF.
Price Targets
Wall Street price target analysis for REEEF.
REEEF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for REEEF; grades run from A+ (80-100) to F (below 30).
Leadership: James Durrant
CEO
James Durrant is the Chief Executive Officer of RareX Limited. His background includes extensive experience in the resources sector, with a focus on exploration and project development. He has held various leadership roles in mining companies, overseeing exploration programs, resource assessments, and feasibility studies. Durrant's expertise spans multiple commodities, including rare earth elements, gold, and base metals. He holds a degree in Geology.
Track Record: Under James Durrant's leadership, RareX Limited has focused on advancing the Cummins Range Rare Earths project. Key milestones include securing exploration permits, conducting drilling programs, and completing resource assessments. Durrant has also overseen the company's rebranding and strategic shift towards rare earth elements. His leadership has been instrumental in attracting investment and building relationships with stakeholders.
REEEF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that RareX Limited may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no financial disclosure, making it difficult for investors to assess their financial health and operational performance compared to companies listed on major exchanges like NYSE or NASDAQ. This tier often includes companies with speculative ventures or distressed situations.
- OTC Tier: OTC Other
- Limited financial disclosure
- Lower liquidity and higher price volatility
- Potential for fraud or manipulation
- Higher risk of delisting or suspension
- Limited regulatory oversight
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's management team and their experience.
- Research the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a qualified financial advisor.
- Understand the risks associated with OTC investing.
- Established presence in Australia
- Focus on developing the Cummins Range Rare Earths project
- Experienced management team
- Publicly available information, despite limited disclosure
- Active exploration and development activities
What Investors Ask About RareX Limited (REEEF) — Basic Materials
Is REEEF a good stock?
Stock Expert AI does not rate REEEF buy, sell or hold. RareX Limited has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the main risks for REEEF?
RareX Limited faces several risks inherent to the mineral exploration and development sector. Commodity price volatility can significantly impact the economic viability of its projects.
What are the key factors to evaluate for REEEF?
Evaluate REEEF on fundamentals, analyst consensus, and risk factors. The company's negative P/E ratio of -8.42 reflects its current lack of profitability. Not financial advice.
How frequently does REEEF data refresh on this page?
REEEF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven REEEF's recent stock price performance?
RareX Limited (REEEF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: 100% ownership of Cummins Range Rare Earths project. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider REEEF overvalued or undervalued right now?
RareX Limited (REEEF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of REEEF?
Yes, most major brokerages offer fractional shares of RareX Limited (REEEF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track REEEF's earnings and financial reports?
RareX Limited (REEEF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for REEEF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.