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source:Reuters(Reuters) - Australian retail-to-chemicals conglomerate Wesfarmers Ltd (WES.AX) said on Thursday it would not pursue its proposal to buy rare earths miner Lynas Corp (LYC.AX).Noting Lynas’ receipt of a renewed operating license for its Malaysian processing plant earlier in the day, Wesfarmers said it “has been unable to progress a proposal”.In April, Wesfarmers said it was still interested in acquiring the only major producer of rare earth elements outside China and could table a less conditional bid after its earlier offer was rebuffed by Lynas’ board.Lynas had said the offer un...
Release time: 2019 - 08 - 23
viewed:2
source:The West AustralianASX-listed heavy rare earths producer Northern Minerals has intersected wide, high-grade rare earth element mineralisation from diamond drilling at both the Dazzler and Iceman prospects, part of its Browns Range operation near Halls Creek, WA.The exceptional new results included 16.59 metres grading 7.53% total rare earth oxides, or “TREO”, from 27m down-hole and 18.6m @ 5.83% TREO from 25.4m in separate drill holes from Dazzler and 4.43m @ 8.07% TREO from 21m at Iceman.Management said the grades were some of the highest returned from Browns Range and up to 10 times t...
Release time: 2019 - 08 - 22
viewed:1
source:Small CapsDiversified Australian exploration company Broken Hill Prospecting (ASX: BPL) has formed a wholly-owned US-based subsidiary to acquire and develop the large-tonnage La Paz rare earth project in Arizona.La Paz Rare Earth LLC has staked more than 8.9 square kilometres comprising 107 unpatented lode mining claims on federal land, as well as a prospecting permit over one section of Arizona State Trust land comprising an additional 2.59sq km.The tenements are unencumbered and will be controlled by La Paz Rare Earth LLC.Location notices for the lode mining claims have been filed wit...
Release time: 2019 - 08 - 21
viewed:0
source:GlobeNewswire (press release)USA Rare Earth, LLC is pleased to announce that the Navajo Transitional Energy Company (“NTEC”), a company formed under the laws of the Navajo Nation, has concluded a strategic transaction whereby NTEC has made an investment in USA Rare Earth, LLC.USA Rare Earth is developing the Round Top rare earth project together with Texas Mineral Resources Corp. (TMRC: OTCQB). Under its agreement with TMRC, USA Rare Earth has an option to acquire up to an 80% interest of the Round Top project in Hudspeth County, Texas. The Round Top project contains heavy rare earths a...
Release time: 2019 - 08 - 20
viewed:1
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