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source:Mining TechnologyThe Global Palladium Fund (GPF), established by palladium and high-grade nickel producer PJSC MMC Norilsk Nickel, has issued the first tokens to its industrial partners Traxys and Umicore.The issuance of tokens involves metal contracts. The company expects to enable optimisation of supply chain efficiency as well as transparency.GPF is aimed at widening access to the world’s precious, base, as well as rare earth metals and to facilitate the advanced technologies development to ensure responsible sourcing of the natural resources.Nornickel Sales and Distribution vice-pre...
Release time: 2020 - 12 - 25
source:The Market HeraldRareX (REE) is set to acquire Talaxis Group's entire stake in Canada Rare Earth Corporation (CREC), a TSX-listed rare earths companyRareX will pay Talaxis an option fee of $50,000 to acquire over 24.7 million shares in CREC at C$0.04 (roughly A$0.041)This translates to an acquisition price of around C$991,186 (roughly A$1.02 million)CREC is considered an industry expert in global rare earths and building and operating rare earth refineriesUltimately, the companies will explore refining options for concentrates produced from RareX's Cummins Range project in WACom...
Release time: 2020 - 12 - 24
source:Proactive Investors USA&CanadaAddition of the Laramie Rare Earths Project in Wyoming reflects the company’s long-term strategy to build market leadership in the sector amid the declaration of critical metals as strategic to the USA’s economic future.American Rare Earths Ltd (ASX:ARR) has amended the share purchase agreement with Zenith Minerals Ltd (ASX:ZNC) (FRA:ZCB) to acquire 100% of Zenith’s wholly-owned Laramie Rare Earth Elements (REE) Project in Wyoming, USA.The parties have revised the completion date for the acquisition to June 30, 2021, from December 31, 2020, due to delay...
Release time: 2020 - 12 - 23
source:Kitco NEWSVital Metals (ASX: VML) announced on Monday that it has entered into a binding term sheet that sets out the in-principle terms for an offtake and profit-sharing agreement in respect of raw material from the Nechalacho mine between the company and REEtec.According to the company’s statement, REEtec is a Norwegian company that has developed a completely new and potentially game changing process for the separation of high purity rare earth elements. The process combines high efficiency and a competitive cost structure with best in class environmental friendliness.Managing Directo...
Release time: 2020 - 12 - 22
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