Aclara, VAC team up to boost rare earth magnets production
The date of：
2024-07-11
viewed:
0
Rare earths developer Aclara Resources (TSX: ARA) has entered into a strategic alliance with magnets producer VAC to provide a “mine-to-magnets” solution, targeting the growing market for environmental, social and governance (ESG)-compliant permanent magnets needed in electric vehicles (EVs) and clean technologies. The tie up capitalizes on Aclara’s position as a potential supplier of rare earth minerals essential for magnet production and VAC’s expertise as a leading magnet producer outside Asia. “This collaboration is aimed at streamlining the supply chain for rare earth elements (REEs), specifically dysprosium and terbium,” VAC’s chief executive, Erik Eschen, said in the statement.“It is the first step towards solving a real need in the market, as the transition to electric vehicles requires new rare earths supply chains, which are currently not being addressed in a comprehensive manner,” Aclara’s CEO Ramon Barua noted.Aclara is advancing projects in Chile and Brazil, as well as developing processing technology in the US to meet the demand for these critical minerals. It recently submitted a revised environmental assessment for its Penco module project in Concepción, Chile. This asset covers a 6-sq.-km area hosting an ionic clay deposit rich in heavy rare earths, with measured and indicated resources totalling 27.5 million tonnes grading 2,292 parts per million total rare earth oxides (TREO), for 62,900 tonnes of contained TREO.The planned project doesn’t have a tailings facility for waste. After processing, Aclara will place washed clays into deposition zones and revegetate them.
Hot News
/
Related to recommend
2024
-
10
-
22
Click on the number of times:
0
source:proactive investorsAclara Resources Inc (TSX:ARA, OTC:ARAAF) chief operating officer Barry Murphy joined Proactive to discuss the company's recent completion of a conceptual engineering stu...
2024
-
10
-
21
Click on the number of times:
0
source:INNOVATIONNamibia Critical Metals Inc. has announced the renewal of its Environmental Clearance Certificate for mining activities on Mining License 200, covering the Lofdal Heavy Rare Earth Pro...
2024
-
10
-
18
Click on the number of times:
0
source:MININGEurope-focused Critical Metals Corp. (Nasdaq: CRML) said on Tuesday it had obtained an extension for the exploitation license of its majority-owned Tanbreez project in Greenland, the worl...
2024
-
10
-
17
Click on the number of times:
0
source:Investor.News“The global supply chain for heavy rare earth elements like dysprosium and terbium, essential for high-coercivity permanent magnets used in electric motors, is critically dependent...