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source:InvestorIntel-In most definitions of rare earths Scandium is included but it is the forgotten relative. Why? This truly is a chicken and egg situation when it comes to supply and demand. Indications are that there is latent demand but a stable, long term supply is needed before companies can commit to a change of production to utilize this element.Global production is estimated to be around 15-20 tonnes annually of scandium oxide which would account for annual sales of under US$100 million. The element number 21 is found in most rare earth and uranium deposits but very little is activel...
Release time: 2019 - 11 - 25
source:The North West StarThe John Campbell Miles drill core storage facility in Mount Isa will play a key role in a new state government funding initiative to find the minerals of the future.Global demand is set to soar for cobalt and rare earth minerals needed for wind turbines, generators and batteries and copper needed for electric cars and the North West is rich in these new economy minerals.Minister for Natural Resources, Mines and Energy Dr Anthony Lynham paid a visit to the facility near Mount Isa Airport on Tuesday during the two-day cabinet meeting in town and said it would play a ro...
Release time: 2019 - 11 - 22
source:yahooVANCOUVER , Nov. 20, 2019 /CNW/ - Defense Metals Corp. ('Defense Metals') (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for an additional three holes from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada .Drill hole WI19-25 (-45o dip / 185o azimuth), drilled to define the southern margin of the Wicheeda REE Deposit returned two higher grade intervals; an upper zone that assayed 3.87% Light Rare Earth Oxide (LREO; being cerium, lanthan...
Release time: 2019 - 11 - 21
source:RIDE by Kelley Blue BookMost electric motors use rare earth magnets, which are not only expensive but require environmentally-damaging mining practices to produce. Advanced Electric Machines (AEM), a company formed for the singular purpose of redefining automotive and aerospace propulsion, recently won the coveted, Collaborate To Innovate award in the automotive sector for its new High Density Switched Reluctance Motor, or HDSRM, which doesn’t use magnets or copper.DC Electric motors use rare earth magnets, the construction of which is bad for the environment.They also require copper wi...
Release time: 2019 - 11 - 20
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