source:Reuters India(Reuters) - The U.S. Department of Defense has awarded three rare earth-related grants worth roughly $13 million to help boost domestic production of the specialized minerals used to make weapons, electronics and a range of other goods.China is the world’s largest producer of these minerals and has threatened to stop their export to the United States. [nL5N2CA8MT]The Pentagon on Tuesday said it awarded $9.6 million to MP Materials Inc MP.N, which owns the only U.S. rare earths mine, to help the company process light rare earths.Rare earths are 17 metals that are difficult a...
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source：Business NewsMOUNTAIN PASS, Calif.--(BUSINESS WIRE)--MP Materials, the largest rare earth materials producer in the Western Hemisphere, today announced the completion of its business combination with Fortress Value Acquisition Corp. (NYSE: FVAC), a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC (“Fortress”). The combined company, MP Materials Corp. (“MP Materials” or “the Company”), will begin trading on the New York Stock Exchange (NYSE) tomorrow, November 18th, under the ticker symbol “MP”.MOUNTAIN PASS, Calif.--(BUSINESS WIRE)--MP Mater...
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source：Your ValleyWestern Rare Earths (WRE) is beginning development of Critical Minerals mining projects in Arizona and Wyoming. are just that—critical—especially for technology companies recently targeted to be cut off from their . The same is true for Green Tech industries; electric vehicles, wind turbines and fuel cells all require Critical Minerals. The most critical may be those in the Rare Earths Elements (REE) . WRE’s parent company, American Rare Earths Limited (traded on the ASX as ARR), is looking to collaborate with US investors in support of WRE’s efforts to deliver inputs for a r...
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source:The Deep DiveLast week, Energy Fuels Inc. (TSX: EFR) announced that it had produced a small amount of rare earth element (REE) carbonate concentrate at its Utah, U.S.-based White Mesa Mill processing facility. While many additional hurdles must be surmounted, this pilot production could be the first step toward the company ultimately establishing what would be a very valuable rare earth refinery in the U.S. No such facility exists anywhere in North America.In more detail, the capability to process and convert rare earth minerals into oxides, compounds and alloys is the linchpin to the g...
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2020
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