source:MININGEurope-focused Critical Metals Corp. (Nasdaq: CRML) said on Tuesday it had obtained an extension for the exploitation license of its majority-owned Tanbreez project in Greenland, the world’s largest rare earth deposit.The company must now submit exploitation and closure plans by the end of 2025, provide financial security and a company guarantee by June 30th, 2026, and begin mining by the end of 2028.Sign Up for the Battery Metals Digest“The extension is a significant milestone, demonstrating strong local support for our project, which is expected to create numerous local jobs,” c...
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2024
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source:Investor.News“The global supply chain for heavy rare earth elements like dysprosium and terbium, essential for high-coercivity permanent magnets used in electric motors, is critically dependent on China, which controls 99% of production. Despite hype around non-Chinese mining of these elements, no commercial production has been achieved outside China due to technical, environmental, and economic challenges. Without addressing these issues, attempts to create a non-Chinese supply chain for rare earth magnets are unlikely to succeed.” — Jack Lifton, Co-Chair, Critical Minerals Institute (...
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2024
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source:ErrBiomass refineries, methanol production and rare earth metal are among the most promising energy-intensive industries which could potentially be developed in Estonia, according to a recent report.The report, by think tank the Foresight Center, finds that attracting energy-intensive industries to Estonia should be based on creating added value which meets or exceeds the average per unit of energy.Developing industries like these will only be beneficial if they generate significant economic value.Head of research at the Foresight Center Uku Varblane counseled against the risks of tying...
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2024
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source:EosRare earth elements (REEs) are a set of metallic elements. Cast your mind back to high school chemistry and they are the obscure and difficult-to-pronounce elements near the bottom of the periodic table. They comprise 15 elements in the lanthanoid series plus scandium and yttrium.A new book in the Special Publications series, Rare Earth Elements: Sustainable Recovery, Processing, and Purification, describes sources of rare earths and methods of production that have the potential to make recovery, processing, and purification more sustainable. We asked the book’s editors about d...
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2024
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