source:ProactiveThe subsidiary's portfolio is being finalised in advance of a planned spin-out and London IPO.Power Metal Resources PLC (AIM:POW) has struck a deal to acquire the Selta project, in Australia’s Northern Territory.The project is being acquired by the company’s subsidiary First Development Resources (FDR), buying the URE Metals vehicle which owns Selta. The transaction to acquire Selta will be paid in FDR shares, not Power Metal equity.It is envisaged that FDR may will subsequently be listed in London’s capital markets and the business is, in the meantime, seeking further proj...
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source：proactiveThe company is exploring the potential to re-establish a port facility at the land-backed wharf – a jumping-off point for future exports of quartz, cryolite and fluorite mineralisation through redeveloping the historical Ivittuut pit in southwest Greenland.Samples collectedDuring helicopter reconnaissance, samples were collected from the Ivittuut mine dumps and tailings and the Gronnedal-Ika carbonatite intrusive. These have now been received in Perth and sent to local laboratories for detailed chemical and mineralogical analysis.The XRF results taken from outcrops at Gronnedal...
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source:Phys.orgRare earth elements from ore are vital for modern life but refining them after mining is costly, harms the environment and mostly occurs abroad.A new study describes a proof of principle for engineering a bacterium, Gluconobacter oxydans, that takes a big first step towards meeting skyrocketing rare earth element demand in a way that matches the cost and efficiency of traditional thermochemical extraction and refinement methods and is clean enough to meet U.S. environmental standards.'We're trying to come up with an environmentally friendly, low-temperature, low-pressure...
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source:Junior mining netGrande Prairie, Alberta--(Newsfile Corp. - November 16, 2021) - Angkor Resources Corp. (TSXV: ANK) (OTC Pink: ANKOF) ('Angkor' or 'the Company') announces exploration on its 100%-owned Andong Meas license in Cambodia has assayed 450 ppm in soils of Rare Earth Elements (REE) at the Gossan Hills Prospect.The Company identified the Gossan Hills prospect on the Andong Meas license over the past several months. Angkor is pleased the initial assays on soil geochemistry indicate the presence of REEs on the prospect with sums up to 450 ppm in selected areas.Denn...
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