Articles for tag: Chile, cobalt, earth, extraction, offers, projects, rare

February 9, 2025

Ron Finklestien

mining

Chile Invites $4 Million Investment for Cobalt and Rare Earth Mining Initiatives

Chile’s New Initiative to Exploit Tailings for Strategic Minerals The call for proposals, which remains open until March, reflects Chile’s ongoing initiative to leverage its extensive tailings resources, estimated at nearly 800 sites nationwide. Rising Demand for Essential Minerals This effort coincides with an anticipated increase in the global demand for metals, particularly those vital for the energy transition. Commodities such as lithium and cobalt, key components in electric vehicle batteries, alongside rare earth elements necessary for renewable energy technologies, are driving this demand. Chilean Mining Minister Discusses Economic Opportunities “These are strategic minerals, especially cobalt and rare earths, where

April 19, 2024

Ron Finklestien

mining

Revolutionizing Rare Earth Magnet Recycling: NioCorp’s Sustainable Vision

NioCorp’s Innovation in Recycling Rare Earth Magnets NioCorp, the industry maverick, is embarking on an uphill journey towards revolution. Their latest initiative is a symphony of sustainability and efficiency, aiming to extract rare earth oxides from used neodymium-iron-boron magnets. The Promise of NioCorp’s Initiative Scott Honan, the company’s chief operating officer, envisions a seamless transition in the recycling process. The trailblazing design at the Elk Creek project offers a glimpse into the future, where recycling rare earth magnets takes center stage with minimal adjustments. Securing NioCorp’s Future NioCorp’s audacious move could potentially unlock new realms of production, elevating their capabilities

April 19, 2024

Ron Finklestien

mining

Viridis Mining Achieves Unprecedented Rare Earth Recovery Milestone at Colossus Project

Colossus Concessions Reach New Heights in Rare Earth Recovery Source: Viridis Mining & Minerals Viridis Mining has recently achieved a groundbreaking milestone with the Colossus project, showcasing exceptional recovery rates of rare earth elements. The Cupim South concession notably reached a remarkable 67% average recovery of neodymium and praseodymium, setting a new benchmark. Following closely behind, the northern concessions demonstrated an impressive 63% recovery rate. Additionally, Capão da Onça and Ribeirão displayed significant recoveries of Nd and Pr, averaging at 59%. For dysprosium and terbium, the northern concessions excelled with an average recovery of 65%. Cupim South also showcased commendable

March 18, 2024

Ron Finklestien

mining

American Rare Earths confirms Wyoming project potential

American Rare Earths Unveils Promising Undertakings in Wyoming Reshaping the Landscape: Wyoming’s Rare Earth Potential Amidst the rugged terrain and unspoiled beauty of Wyoming, a glimmer of economic promise shines through. American Rare Earths, in partnership with independent firm Stantec Consulting Services, unveils a blueprint rich in potential. Delving into the bowels of the earth, the scoping study reveals a tantalizing proposition – a three million tonnes per annum (Mtpa) operating scenario. Tangible Gains: Financial Prospects and Strategic Insights Laden with economic insights, the report showcases a net present value (NPV) dancing to the tune of $673.9 million at an

February 29, 2024

Ron Finklestien

mining

Exploring the Depths: American Rare Earths Funds Halleck Creek Venture with $8.7 Million Infusion

Updated Mineral Resource Estimate American Rare Earths recently unveiled the latest mineral resource estimate for its Halleck Creek project in Wyoming. The figures showcase a substantial 64% increase in the in-situ tonnage, compared to the previous assessment conducted last autumn. Impressive Increase in TREO The updated resource estimate reveals a total of 2.34 billion tonnes of material, with a grading of 3,196 parts per million (ppm) total rare earth oxides (TREO), including neodymium (Nd) and praseodymium (Pr) oxides. This translates to 7.48 million tonnes of contained TREO, marking a significant upsurge. Among the estimated amount, 1.42 billion tonnes fall under

February 27, 2024

Ron Finklestien

mining

Canada Rare Earth forges strategic ties in the Democratic Republic of Congo

New Expansive Operations Aiming to bolster its position in the market, Canada Rare Earth has ventured into the Democratic Republic of Congo to scout for mineral concessions with an eye on acquisition. The company’s strategic objective is to secure 2-3 exclusive sources of rare earth concentrate and other minerals for operational purposes by the conclusion of 2024. This bold move is poised to revamp the supply chain significantly, leading to a reduction in costs and an enhancement of efficiency. In synergy with the existing artisanal supply chain, Canada Rare Earth seeks to optimize its operations in the region. Speaking on

February 2, 2024

Ron Finklestien

mining

Merger Talks Spark as Rare Earth Market Fluctuates Merger Talks Spark as Rare Earth Market Fluctuates

Amidst a volatile rare earth market, both Lynas, based in Western Australia, and MP Materials, operating from California’s Mountain Pass, have been grappling with daunting challenges spawned by the steep decline in rare earth prices. MP’s shares have nosedived by over 50% in the past year, whereas Lynas witnessed a staggering decline of approximately 40%. The recent embargo imposed by China on the export of rare earth extraction and separation technologies has been sparking fervid speculation, apparent in its quest to sustain its market supremacy amidst worsening relations with the US – a suitor thirsty for the rare earth elements.

January 25, 2024

Ron Finklestien

mining

Aclara Rare Earth Project in Brazil Shows Encouraging Results Aclara’s PEA Shines Positive Light on Brazil’s Rare Earth Project

With an estimated 3.6-year timeline for recovering investments post-commissioning, Aclara’s Brazil rare earth project demonstrates promise despite the extended permitting process in the region. The recovery of rare earths in Brazil aligns harmoniously with the patented technology currently in action on a pilot scale in Chile. The company emphasizes a low-cost, low-carbon footprint methodology. “Our project design centers around eco-friendly principles, negating the use of explosives and milling, optimizing water recirculation, and utilizing common fertilizers as the primary reagent,” stated Aclara’s chief executive, Ramon Barua, underscoring the company’s commitment to sustainability. Aclara is actively securing additional resources through an ongoing