Australia’s Lynas Rare Earths has revealed plans to invest US$345.4 million in expanding the capacity of its Mt Weld mine in Western Australia, in a response to increasing demand for rare earth materials. The deposits at the mine are comprised of the rare earths neodymium (Nd)...
ASX-listed Greenland Minerals is determined to challenge a decision by the Greenland government to reject a mining permit for the company’s Kvanefjeld rare earths project. In November 2021, Greenland announced a nationwide ban on the exploitation and exploration of uranium, which would be produced as a...
Australia’s Lynas Rare Earths announced yesterday that its 100%-owned subsidiary has signed a US$120 million follow-on contract with the US Department of Defense (DoD) to establish a commercial Heavy Rare Earths (HRE) separation facility in the US. The first of its kind facility in the US...
NioCorp Developments has published an updated feasibility study on its Elk Creek project which has revealed that it contains the second largest indicated-or-better rare earth resource in the US. According to the study, Elk Creek – located in Nebraska - contains an estimated 632.9 kilotonnes of...
Australia’s Prime Minister Scott Morrison has unveiled an investment package worth US$175 million to develop its rare earths value chain, as part of a plan to boost the country’s self-reliance in a sector dominated by China. The financial support, aimed at four new projects including a...
Canadian minerals developer Mkango Resources has received a commitment from the European Raw Materials Alliance (ERMA) to help finance a rare earth separation plant in Poland. The intervention from ERMA will help Mkango secure financing for the plant, which will be supplied with rare earth carbonate...
US President Joe Biden yesterday announced a spate of new investments in the downstream production of minerals and materials vital in the manufacturing of products associated with the global energy transition. The move is part of Biden’s plans to create a vertically integrated technology supply chain...
Lynas Rare Earths posted record revenue in the second quarter of the Australian financial year, based on rising demand for the metals and minerals required for the global clean energy transition. The ASX company’s revenue jumped nearly 70% to US$145.56 million for the December quarter. Lynas...
China Minmetals Rare Earth Co has announced a merger with two of China’s other top rare earth producers, creating a global force in the strategic industry. Under the merger, the equity of Minmetals Rare Earth, Chinalco Rare Earth & Metals Co and China Southern Rare Earth Group Co will transfer into a new unnamed company under the state assets regulator. CRU...
Hochschild Mining has announced its intention to spin out and list its Chilean rare earth unit Aclara Resources on Toronto Stock Exchange (TSX). London-listed Hochschild said the move would allow it to tap new funding from the clean energy sector for its rare earth deposit while...