Axel REE Limited engages in the discovery and development of mineral resources in Brazil. The company primarily explores for rare earth elements. It holds interest in the Caladáo Project located in the Lithium Valley region of the northern Minas Gerais State; the Caldas Project located in the southern Minas Gerais State; and the Itiquira Project located in the Mato Grosso State. In addition, the company holds interest in the Corrente Project located in the Piauí State. Axel REE Limited was incorporated in 2023 and is based in Kew East, Australia.