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source:Creamer Media's Mining WeeklyPERTH ( – ASX-listed American Rare Earths has struck a share purchase agreement with fellow listed Zenith Minerals over its Laramie rare earths project, in Wyoming.Under the terms of the agreement, American Rare Earths will acquire Zenith’s wholly owned subsidiary Wyoming Rare for 2.5-million of its own shares, along with A$50 000 in cash, subject to the satisfaction of a number of conditions, including the conversion of exploration permits to mineral leases, which is expected in November.The purchase will include all data, including sam...
Release time: 2020 - 08 - 07
source:GlobeNewswireMedallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”) is pleased to announce it has entered into a services agreement with Singapore-based Talaxis Limited (“Talaxis”), a subsidiary of global trading house Noble Group Holdings Limited. The non-binding Memorandum of Understanding (“MOU”) specifies the terms for a close working relationship whereby Talaxis delivers to Medallion support for the global sourcing and transport of monazite, along with marketing of finished products from Medallion’s proposed rare-earth element (“REE”) e...
Release time: 2020 - 08 - 06
source:Streetwise ReportsDefense Metals reported its flotation pilot plant registered positive sample results from its Wicheeda Rare Earth Element property in British Columbia.In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE), which focuses on discovering high strength alloys, rare earth materials and magnets for the electric power, green energy, military and national security markets, provided 'an update with respect to ongoing flotation pilot plant processing of its 30 ton Wicheeda Rare Earth Element (REE) Property bulk sample underway at the SGS Canada Inc. Lake...
Release time: 2020 - 08 - 06
Energy Fuels building up uranium stocks and eyeing cash flow from rare earths within 12 months source:Proactive Investors USA&CanadaEnergy Fuels Inc (TSE:EFR) (NYSEMKT:UUUU) has said it is continuing to build up its inventories of uranium as prices improve, while the group is eyeing cash flow from rare earths within the next 12 months.Reporting second quarter results for the three months to June 30, 2020, the USA's biggest uranium miner, revealed in a statement that at that date it held concentrate worth US$24.7 million. That includes 575,000 pounds of uranium valued at US$23.05 p...
Release time: 2020 - 08 - 05
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