source：InvestorIntelAs discussed previously the ORE Act introduced by Senator Ted Cruz is the first step in recognizing the need for a domestic supply chain for critical materials, including rare earth elements (REE). Additionally the US Defense Department recently stated that it will seek $1.7 billion for rare earths purchases in the 2021 National Defense Authorization Act.One of very few companies that has a quality US based rare earths deposit is Rare Element Resources Ltd. (OTCQB: REEMF). Their flagship project is the Bear Lodge Critical Rare Earth Project in northeastern Wyoming, USA. The...
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2020
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source：MINING.comAbout 80-85% of North America’s rare earths supply currently comes from China,Shutdowns to manufacturing plants in China that could potentially cut off rare earths imports shone a spotlight on the fact that North America is reliant on China for its rare earths needs.Canada and the US in 2019 finalized the Canada-US Joint Action Plan on Critical Minerals Collaboration, aimed to advance the countries’ mutual interest in securing domestic rare earths supply chains. The only actively producing rare earths mine in North America is Mountain Pass in California, but the asset is owned...
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2020
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source：MINING.comUSA Rare Earth, the funding and development partner of the Round Top heavy rare earth project and Texas Mineral Resources announced Thursday that its rare earths pilot plant processing facility in Wheat Ridge, Colorado has received the required permits and officially opened.Once fully commissioned, the plant will be focused on group separation of rare earths into heavy (dysprosium, terbium), middle, and light (neodymium, praseodymium) rare earths (REE’s) and will be the first facility to separate the full range of rare earth elements in the US since 1999.USA Rare Earth’s pilot...
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2020
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Broken Hill Prospecting raises funds to accelerate exploration and development of US rare earth projectsource：Proactive Investors AustraliaThe company has agreed terms with sophisticated and professional investors to raise approximately A$496,500 and is now well-positioned to further advance its La Paz Rare Earth Project in Arizona.Broken Hill Prospecting Ltd (ASX:BPL) has received firm commitments from sophisticated and professional investors for a placement which will raise almost A$500,000.The company is now well-positioned to further advance its 100%‐owned La Paz Rare Earths Project in Ari...
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2020
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