US-based rare earths miner MP Materials will list on the New York Stock Exchange (NYSE) through a merger with a special purpose acquisition company (SPAC), in a deal worth US$1.47 billion. The merger with Fortress Value Acquisition Corp, controlled by Japan’s SoftBank, will raise $345 million...
Australian gold producer and rare earths developer Alkane Resources has confirmed it has received financing interest from Australia’s export credit agency (EFA) for its Dubbo project in New South Wales. Dubbo is an advanced polymetallic project with large in-ground resources of zirconium, hafnium, niobium, yttrium and...
Africa-focused Rainbow Rare Earths has acquired ten mining claims in Zimbabwe as the mining junior looks to expand on its sole existing operation – the Gakara Rare Earth Project in Burundi. The London-listed and headquartered company said the licences will be held 100% by local subsidiary...
Mines in the United States produced an estimated US$74.6 billion of raw materials, a small increase on 2015, reported the US Geological Survey. The calculation comes from the 40th annual Mineral Commodity Summaries report which includes statistics on more than 88 mineral commodities important to the...
Australia is a step closer to developing its first heavy rare earth mine after approving Northern Minerals’ (ASX:NTU) pilot plant for its rare earth deposit. The Western Australian Department of Mines and Petroleum (DMP) approved the Browns Range Pilot Plant Project Management Plan last week. Once constructed,...