** Axel REE AXL.AX rises 5.8% to A$0.055; set for biggest intraday pct gain since January 28

** Rare-earths elements explorer signs multiple MoUs to fast track development of Caladão REE and Gallium and Caldas REE Projects in Brazil's Minas Gerais

** Around 413,847 shares traded vs 30-day avg of 377,880

** AL down 21.5% YTD

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))