QEM Limited (ASX: QEM) is an Australian mineral exploration company focused on the discovery and development of rare earth element (REE) deposits, with a primary emphasis on the Altair project in Western Australia. The company offers exploration services, geological mapping, drilling programs, and resource estimation for REEs including neodymium, praseodymium, dysprosium, and terbium; it also pursues joint venture partnerships and offtake agreements for concentrate production and downstream processing. Operations span Australia, targeting mining and resource sectors with customers including international REE processors and technology manufacturers. Founded in 2020 and headquartered in Perth, Australia, QEM maintains strategic alliances with local indigenous groups and technical consultants. In the past year, QEM announced a major funding round raising A$10 million through a placement to institutional investors to advance Altair feasibility studies; it also launched an expanded drilling campaign at Altair confirming high-grade REE zones and entered a strategic partnership with a leading Chinese REE separator for potential offtake supply.