source：Cabin RadioRare earths like neodymium and praseodymium are used in a range of energy-efficient products, such as the magnets in the motors that power electric vehicles.Vital Metals says preparation of its Nechalacho site, on Thor Lake, will start in September and October then continue in the first three months of next year.Vital says mining operations are expected to begin in April 2021, with work at a rare-earth extraction facility beginning in October 2021.Geoff Atkins, the company’s managing director, last year told Cabin Radio he intended to create “a small-scale demonstration plant...
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2020
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source：City A.MRare earth metals firm Pensana has today announced that it is exploring a partnership with China Great Wall Industry Corporation (CGWIC) to develop its flagship mine in Angola.The project, at Longonjo in the southern African country, is the first new rare earth mine in over a decade.The mine, which is slated to start production in 2022, is situated on one of the world’s largest deposits of Neodymium and Praeseodymium (NdPr), which are critical to developing the magnets required for making electric vehicles and wind turbines.Pensana chairman Paul Atherley said that as one the onl...
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2020
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American Rare Earth Elements Producer MP Materials Is Going Public And Raising $500 Million In Growth Capitalsource：ForbesAs I’ve covered extensively in previous articles, rare earth elements (REEs) are a hot topic these days. As critical components in crucial high-tech applications from electric vehicles to wind power to defense technologies, demand for REEs appears to be on the rise for the foreseeable future. But currently the U.S. is almost 100% reliant on China for the finished-product magnets and batteries REEs go into, as well as for a majority of REE ore extraction.MP Materials is the ...
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2020
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Geomega to Recycle Rare Earths from USA Rare Earth’s Anticipated Neo Magnet Production in the United Statessource：GlobeNewswireMONTREAL, July 16, 2020 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) (OTC: GOMRF), a rare earth clean technologies developer for mining and recycling, and USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, are pleased to announce that they have entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste from US...
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2020
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