Source:Geomega Resources (TSXV: GMA, OTC PINK:GOMRF) has selected Seneca, a Montreal based engineering consulting firm specializing in industrial process engineering, to complete the Front End Engineering Design (FEED) study for the rare earth recycling demonstration plant with the focus on the permanent magnet industry.As quoted from the press release:The FEED study will produce an externally validated construction and operating cost estimates, project completion schedule, process flow and control diagrams and environmental impact review and process safety measures and provisions that are req...
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2019
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Source:Recycling InternationalThe increasing use of rare earth metals in several industries is likely to fuel their demand over the next couple of years.New research from Future Market Insights says the current global market for rare earth metals of more than US$ 3 billion (EUR 2.7 billion) will rise to US$ 7.3 billion by 2026. This represents a 8.5% compound annual growth rate.China not only has the largest deposit of rare earths, it also consumes the most rare earths; almost 105 000 tonnes per year. Japan is second with far less – roughly 25 000 tonnes. The US and Europe follow, consuming ar...
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2019
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Source:Phys.OrgKELT-9 b is the hottest exoplanet known to date. In the summer of 2018, a joint team of astronomers from the universities of Bern and Geneva found signatures of gaseous iron and titanium in its atmosphere. Now these researchers have also been able to detect traces of vaporized sodium, magnesium, chromium, and the rare-Earth metals scandium and yttrium.Exoplanets are planets outside our solar system that orbit around stars other than the Sun. Since the discovery of the first exoplanets in the mid-90's, well over 3000 exoplanets have been discovered. Many of these planets are ...
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2019
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Source:Proactive Investors UKRainbow continues to believe in the prospects for the Gakara Project and is confident that investment in new mining machinery and new pits will serve as the foundation for a sustainable and profitable operationRainbow Rare Earths Ltd (LON:RBW) has secured a new funding agreement with its major shareholder, Pella Ventures.Pella has given Rainbow an unsecured 12-month 15% loan of US$700,000 to support the rare earth element mining company’s development and operations.The company said it expects to achieve cash-flow break-even in the second quarter of the next financi...
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2019
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