Rare Earth Developers Slip Today: Red Metal, Ark Mines and European Resources Shares Lower

Sonal Goyal

13 November 2026 02:47 PM AEDT

Rare Earth Developers Slip Today: Red Metal, Ark Mines and European Resources Shares Lower

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Key Highlights

Red Metal (ASX:RDM), Ark Mines (ASX:AHK) and European Resources (ASX:ERE) all traded lower during the 13 November 2026 session.
Red Metal shares were down 8.33%, Ark Mines 6.90% and European Resources 6.67%.
The three companies are advancing rare earth projects in Queensland and Finland, with studies or resource work under way.

During the Trading session on 13 November 2026, Red Metal Ltd (ASX:RDM) shares were trading at $0.11, down 8.33%, Ark Mines Ltd (ASX:AHK) shares were at $0.27, down 6.90%, and European Resources Ltd (ASX:ERE) shares were at $0.014, down 6.67%. The S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT over the same session.

Red Metal (ASX:RDM)

Red Metal is advancing a pre-feasibility study on its Sybella Kary Zone in Queensland, assessing heap leach processing with results expected in the first quarter of calendar 2027. Column leach tests on Fresh Granite returned 65% neodymium and 68% praseodymium extraction, and the company lodged 17 new Big Copper tenement applications.

Ark Mines (ASX:AHK)

Ark Mines updated its Sandy Mitchell rare earths and heavy minerals resource to 379.4 million tonnes at 5,430 ppm monazite equivalent, with 369.6 million tonnes in the measured and indicated categories. Stage 3 drilling covered 218 holes for 2,330.5 metres, and scoping metallurgical test work has begun.

European Resources (ASX:ERE)

European Resources reported that ANSTO test work lifted magnet rare earth extraction at its Korsnas project in Finland from 83% to 92% after calcite removal. The company has signed an agreement with ANSTO Minerals to produce a lab-scale MREC sample, and its Slovakia licences were regranted.

Final Word

The three companies are at different stages of rare earth development, from a pre-feasibility study to a resource update and metallurgical work. Results from these programs will indicate how each project advances.

FAQs

Q: When are the Sybella pre-feasibility results expected?

A: They are expected in the first quarter of calendar 2027.

Q: What is the Sandy Mitchell resource?

A: It is 379.4 million tonnes at 5,430 ppm monazite equivalent.

Q: How much did extraction improve at Korsnas?

A: Combined magnet rare earth extraction rose from 83% to 92% after calcite removal.

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