This Week’s Top Stories: Uranium’s East/West Divide Intensifies, Central Banks Consider Gold
Gold prices experienced a rollercoaster ride this week, hitting a high of US$2,366 per ounce before settling back down to US$2,325 on Friday morning. The fluctuation came as US jobless claims dropped by 5,000 and single-family housing starts fell by 5.2 percent in May, sparking expectations of an interest rate cut in the fall. Central […]
Peak Rare Earths secures approval for offtake agreement with Shenghe
Peak Rare Earths Secures Offtake Deal Approval with Shenghe Resources for Ngualla Project in Tanzania In a significant development for the mining industry, the Tanzanian Mining Commission has granted approval for an offtake agreement between Peak Rare Earths (ASX: PEK) and Shenghe Resources (SSE:600392) that covers 100% of rare earths concentrate production from the Ngualla […]
Canada prohibits the sale of rare earths to China
The decision by Canada to block the sale of rare earth elements to China marks a significant shift in its approach to critical minerals and national security. With China’s domination in the sector, Ottawa is taking steps to reduce foreign reliance and develop secure domestic value chains. This move comes as part of a broader […]
Report: Coal India considering ventures in Argentine lithium resources with US firm
State-run Coal India Ltd is making strategic moves in the global lithium market by exploring blocks in Argentina in partnership with a US company, a source revealed on Tuesday. This initiative is part of India’s commitment to the US-led Minerals Security Partnership (MSP) to ensure a stable supply of minerals for its growing energy needs. […]
“Western Rare Earths Supply Chain Gears Up: A Factbox” – Reported by Reuters
The global supply chains for rare earths are undergoing a significant realignment as companies strive to diversify away from China, the top producer of rare earths. These rare earths are crucial for the production of permanent magnets used in a wide range of products, including electric vehicles, wind turbines, and drones. Leading the charge in […]
Lynas Rare Earths (ASX:LYC) Sees Stagnant Returns On Capital
The search for a potential multi-bagger stock is always on the minds of investors looking to maximize their returns. One key factor to consider is the Return On Capital Employed (ROCE), which provides insight into how efficiently a company is utilizing its capital to generate profits. In the case of Lynas Rare Earths (ASX:LYC), the […]
American Rare Earths seeks to improve resource potential through drilling in Halleck Creek region of Wyoming
Award-winning broadcaster Steve Darling has been a familiar face in British Columbia for the past 20 years, most recently as a co-host of the province’s top morning news program. Known for his tireless work for charity, Steve is an ambassador for the Canucks Autism Network and regularly hosts events benefiting BC Children’s Hospital and the […]
Top 5 Resources: PLG, SUM, and ASX newcomer RAU see widespread gains in rare earths market
The local stock exchange was filled with excitement on Friday as Resouro Strategic Metals (ASX:RAU) made a solid entrance, gaining 26% in early trade. The Canadian-based rare earths explorer and development company focused on projects in Brazil, including the Tiros Project and gold projects, successfully launched on the ASX following a $8 million IPO. But […]
Update on the Halleck Creek Project
American Rare Earths Ltd. (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is set to embark on a 2,470-meter drilling program in the Cowboy State Mine area in July 2024. The aim of this drilling program is to enhance resources and advance mine planning work for prefeasibility analysis. This exciting development marks a significant step […]
Energy Fuels begins commercial production of isolated rare earth elements in Utah
US-based uranium producer Energy Fuels has achieved a significant milestone by starting commercial production of NdPr at its White Mesa Mill in Utah. The NdPr produced meets the specifications required by rare earth element (REE) metal-makers for the manufacture of permanent magnets, crucial for electric vehicles and hybrid power systems. Energy Fuels has successfully reached […]