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source:Financial TimesPensana seeks approval for facility to produce oxides vital for the offshore wind sector.Europe’s first rare earth processing plant could be built in Hull to supply the booming offshore wind industry.Pensana Rare Earths has submitted a planning application for the US$125m facility, which will create 100 direct jobs. The company will produce rare earth oxides, which are used to manufacture the powerful magnets that drive the motors of offshore wind turbines and electric vehicles.Paul Atherley, chairman of Pensana, said the company chose Hull because of its port and world-c...
Release time: 2021 - 01 - 25
Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project source:Business WireLITTLETON, Colo.--(BUSINESS WIRE)--Rare Element Resources Ltd. (the “Company”) (OTCQB: REEMF) is pleased to announce that formal notice has been received from the U.S. Department of Energy (“DoE”) that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc. (“RER”), a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial ...
Release time: 2021 - 01 - 22
DOE to award $28.35M for R&D on advanced processing of rare earth elements and critical minerals from coal-based resources source:Green Car CongressThe US Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced $28.35 million in federal funding for cost-shared research and development projects under the Funding Opportunity Announcement DE-FOA-0002404, Advanced Processing of Rare Earth Elements and Critical Minerals for Industrial and Manufacturing Applications.The US imports more than half of its annual consumption of 31 of the 35 critical minerals (CM). The US has no ...
Release time: 2021 - 01 - 21
source:InvestorintelAfter a positive summer drill program at its flagship scandium-rare earth Crater Lake Property in northeastern Quebec, Imperial Mining Group Ltd. (TSXV: IPG) successfully closed a $2.6 million financing in December to accelerate the project forward in 2021.Imperial Mining plans to use the proceeds to complete definition drilling at Crater Lake’s “TG Zone”, and to deliver both a 43-101 Resource Report and a Preliminary Economic Assessment (PEA) by the end of June 2021.Last trading at $0.16, Imperial Mining Group has a market cap of $20 million and a PEA could re-rate the com...
Release time: 2021 - 01 - 20
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