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source:Reuters(Adds details on capital raising, Refinitiv estimates for annual loss, background on new plant)Aug 17 (Reuters) - Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia.Lynas expects to process low-level radioactive material from its Mt Weld mine at the new cracking and leaching plant in Kalgoorlie in Western Australia, shifting part of its operations off its Malaysian plant where it has faced stiff opposition due to...
Release time: 2020 - 08 - 17
source:StockhouseDefense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) announced today an additional update with respect to flotation pilot plant processing of its Wicheeda Rare Earth Element (REE) Property bulk sample at the SGS Canada Inc. Lakefield, ON metallurgical test facility.The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO [1].To date a total of 20 pilot plant processing runs have been completed since initiation of pilot plant testwork o...
Release time: 2020 - 08 - 14
source:MetalMinerPentagon moves ahead with rare earths projectsAfter awarding Phase 1 contracts to Lynas Corporation and MP Materials in April, the Department of Defense (DoD) opted to freeze funding for the projects pending further review. However, the DoD last month agreed to resume funding and move forward with the projects, as Reuters recently reported.The projects entail the building of heavy rare earth separation facilities by the two firms in Texas and California, respectively.The U.S. has long sought to curb its dependence on China for critical rare earths. Rare earths, while not actua...
Release time: 2020 - 08 - 13
Appia Energy Provides a Summary of the Alces Lake Project and Presents at the John Tumazos Virtual Conference, August 10, 2020  source:Junior Mining NetworkToronto, Ontario--(Newsfile Corp. - August 10, 2020) - Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the 'Company' or 'Appia') is pleased to provide a summary on the Company's high-grade rare earth element ('REE') and uranium ('U') Alces Lake property (the 'Property'), northern Saskatchewan.Since detailed exploration began at Alces Lake in 2017, a...
Release time: 2020 - 08 - 12
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