American Rare Earths Project Turns Down $400 Million Acquisition Bid From California Company
American Rare Earths Ltd., an Australian-founded exploration company operating in Wyoming, recently made headlines after rejecting a $400 million buyout offer from a group of investors from California. The company, which is looking to mine and process magnet metals, particularly neodymium and praseodymium, through its Wyoming Rare (USA) Inc. unit, indicated that its rare earth […]
American Rare Earths declines $400 million SPAC acquisition bid
Explorers in Wyoming are on a mission to find rare earth materials, aiming to position the United States as a strong contender against China’s monopoly in the market. With only one producing rare earths mine in the country, Mountain Pass in California, owned by MP Materials, the search for alternative sources is crucial. American Rare […]
ASM receives backing from EDC for Dubbo rare earths project
Australian Strategic Materials (ASM) has secured a non-binding and conditional letter of interest (LOI) from Export Development Canada (EDC) for a debt funding package of up to A$400m ($261.6m) to support the Dubbo rare earths and critical minerals project in New South Wales, Australia. The alignment of policies between Australia and North American jurisdictions on […]
Future Looks Bright for India-Central Asia Partnership in Strategic Minerals
India Proposes Establishment of India-Central Asia Rare Earths Forum During Second India-Central Asia NSAs Meeting India has proposed the establishment of an India-Central Asia Rare Earths Forum during the Second India-Central Asia NSAs meeting. The forum aims to enhance cooperation in rare earth and strategic mineral sectors, fostering partnerships built on mutual benefit, transparency, and […]
Revolutionizing EVs: The Groundbreaking Rare-Earth Free Electric Engine and its Cost-Effective Impact
The automotive industry has long been grappling with the issue of rare-earth metals, specifically neodymium and dysprosium, as key components in electric vehicle motors and batteries. With China dominating 70% of production and processing of these elements, automakers have been searching for alternative solutions to reduce their dependence on these controversial and scarce materials. However, […]
US to provide funding for Rainbow Rare Earths mining project listed in London amidst escalating competition with China
The US Government is set to bankroll London-listed miner Rainbow Rare Earths in developing a South African mine for key energy transition metals extraction. With China currently dominating the rare earth space, controlling 70% of mining and 90% of refined output, the US aims to support projects that can compete against this monopoly. Rainbow Rare […]
Adonis Pouroulis Increases Holding in Rainbow Rare Earths by 1.3%
Rainbow Rare Earths Limited has caught the attention of investors after Non-Executive Chairman, Adonis Pouroulis, made a significant purchase of the company’s stock. Pouroulis bought UK£112k worth of shares at a price of UK£0.098 per share, increasing their holding by 1.3%. This purchase follows another substantial investment earlier in the year, where Pouroulis bought shares […]
Colossus achieves world record in rare earth recovery, claims Viridis
Viridis Mining & Minerals has recently announced the impressive results from their Colossus project, which consists of four concessions in Brazil. CEO Rafael Moreno expressed excitement over the project’s potential, stating that Colossus is on track to become a global leader in the recovery of rare earth elements such as neodymium, praseodymium, dysprosium, and terbium. […]
Strong demand for ASX rare earths stocks due to healthy appetite
Rare earths stocks have seen a surge of interest recently, with mining billionaire Gina Rinehart making strategic equity moves in the sector. Rinehart’s acquisition of a stake in US producer MP Materials, along with her increased investment in Lynas, has fueled optimism in a sector that has been struggling. Analysts are also predicting a price […]
Si6 sparks up “Lithium Valley” with fresh drilling campaign in Brazil
Si6 Metals is gearing up for its third drilling program in Brazil’s renowned “Lithium Valley”, with plans to plunge 20 auger holes as the company zeroes in on lithium and rare earths soil anomalies. The drilling follows up on a 103 parts per million lithium hit and a 710ppm total rare earth oxides (TREO) strike […]