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Energy Fuels building up uranium stocks and eyeing cash flow from rare earths within 12 months source:Proactive Investors USA&CanadaEnergy Fuels Inc (TSE:EFR) (NYSEMKT:UUUU) has said it is continuing to build up its inventories of uranium as prices improve, while the group is eyeing cash flow from rare earths within the next 12 months.Reporting second quarter results for the three months to June 30, 2020, the USA's biggest uranium miner, revealed in a statement that at that date it held concentrate worth US$24.7 million. That includes 575,000 pounds of uranium valued at US$23.05 p...
Release time: 2020 - 08 - 05
source:StockheadRare earths newcomer Australian Strategic Materials (ASX:ASM) has had a rousing welcome on its first day of listed life following its demerger from Alkane Resources (ASX:ALK).Shares in the company closed up 12 per cent to $1.40 from its opening price of $1.25 per share, giving Alkane shareholders – who were issued one ASM share for every five Alkane shares they held – a substantial bonus.While the company did not raise any funds for its listing, it starts life with $20m in the bank and no debt thanks to the largess of its parent.Australian Strategic’s Dubbo project is a large i...
Release time: 2020 - 07 - 31
source:The Market HeraldIonic Rare Earths (IXR) has mobilised a second drill at its Makuutu Rare Earths Project in UgandaThe company is in the middle of a 3700-metre phase two drill program to test the site’s 26-kilometre-long mineralisation corridorSo far, Ionic has drilled 393 metres across 22 holes, with notable intercepts including 4.4 metres at 981 parts per million total rare earth oxidesThe overall aim is to increase the site’s resource estimate, which currently sits at 78.6 million tonnes at 840 parts per million in total rare earth oxidesIonic Rare Earths shares are in the grey in ear...
Release time: 2020 - 07 - 30
source:Recycling TodayGeomega Resources Inc., Montreal, and USA Rare Earth LLC, New York, say they have signed a letter of intent (LOI) to recycle rare earth-containing production waste from USA Rare Earth’s future production of sintered neodymium iron boron (NdFeB) permanent magnets (in the United States. USA Rare Earth is the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas.Geomega and USA Rare Earth say they will negotiate mutually acceptable commercial terms, including the possibility of a license agreement to develop a recycling...
Release time: 2020 - 07 - 30
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