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Rare Earth Minerals News
US tariffs on minerals leave out markets that China dominates
By: Bloomberg 15th May 2024 President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties... →
Pensana records encouraging testwork results from samples at Angola project
By: Tasneem Bulbulia 14th May 2024 London-listed Pensana Rare Earths says initial results from beneficiation testwork on samples from the Sulima West deposit at the Coola exploration licence, located 75 km north of Longonjo, in Angola, are “very encouraging”. The testwork is being undertaken to determine whether the mineralogy at... →
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank 
By: Martin Creamer 13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... →
Hastings CEO departs amid cost-cutting restructuring
By: Creamer Media Reporter 13th May 2024 Paul Brown will leave rare earths developer Hastings Technology Metals at the end of the month as the company restructured its business to reduce costs. The restructuring has resulted in a “material reduction” in the workforce numbers, ASX-listed Hastings said on Friday. →
Power moves to establish an early niobium foothold in West Arunta
By: Creamer Media Reporter 13th May 2024 The share price of ASX-listed Power Minerals surged early 30% on Monday, following its announcement of a strategic move into the West Arunta region of Western Australia with the addition of the Waterlander project. Situated immediately adjacent to WA1 Resources’ Luni discovery, Waterlander is... →
Caprice ventures into West Arunta with project acquisition
By: Creamer Media Reporter 9th May 2024 Perth-based Caprice Resources on Thursday announced plans to acquire a project in the West Arunta region of Western Australia. Spanning over 1 479 km2, the Bantam project comprises four contiguous tenements, strategically positioned adjacent WA1 Resources’ site that hosts the Luni niobium/rare... →
Energy Fuels building up its monazite supply chain for REE production
By: Mariaan Webb 6th May 2024 Uranium and rare earth element (REE) producer Energy Fuels is making good progress towards securing its own large-scale, low-cost sources of monazite to process at its White Mesa mill, in the US, into rare earth oxides, reports president and CEO Mark Chalmers. In the last year, the company has... →
Meteoric inks rare earths offtake MoU with Neo Performance
By: Mariaan Webb 2nd May 2024 Exploration company Meteoric Resources said on Thursday it had entered into a nonbinding memorandum (MoU) to supply Neo Performance Materials’ Estonia magnet manufacturing with rare earths from its Caldeira project, in Brazil. Under the contemplated offtake agreement, NPN Silmet, Neo’s rare... →
West Cobar adds scandium to Salazar basket
By: Creamer Media Reporter 29th April 2024 ASX-listed Cobar Metals has announced a maiden resource estimate for scandium, adding to the already valuable basket of minerals hosted at the Salazar project, north-east of Esperance in Western Australia. The Salazar project contains significant indicated and inferred resources of rare earth... →
Funding momentum builds for Tanzania rare earths project
By: Mariaan Webb 29th April 2024 The Ngualla rare earth project, in Tanzania, has received robust support from leading development finance institutions (DFIs), export credit agencies and commercial banks. In a funding update on Monday, ASX-listed Peak Rare Earths revealed it had received indicative, nonbinding, expressions of... →
American Rare Earths’ Wyoming project sparks SPAC interest
By: Mariaan Webb 29th April 2024 Australia-headquartered American Rare Earths has confirmed that its Halleck Creek project, in Wyoming, has captured the interest of a special purpose acquisition company (SPAC). However, the company has decided not to pursue any proposal at this stage. The SPAC approached American Rare Earths... →
ASM secures another financing letter of intent from Canadian agency
By: Marleny Arnoldi 26th April 2024 Credit agency Export Development Canada (EDC) has indicated in a conditional letter of interest that it will provide a direct lending debt funding package of up to A$400-million to ASX-listed Australian Strategic Minerals (ASM). The funds will be aimed at constructing and advancing to... →
How 30 years of democracy has transformed South Africa's mining industry
By: Martin Creamer 25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... →
IonicRE raises $5.5m in a placement
By: Tasneem Bulbulia 24th April 2024 ASX-listed Ionic Rare Earths (IonicRE) has received firm commitments to raise $5.5-million, before costs, by way of a share placement of about 423-million shares. The placement includes participation of $500 000 from IonicRE chairperson Brett Lynch, further to his recent $1.5-million investment... →
Lynas ups Kalgoorlie capital costs budget to A$800m
By: Mariaan Webb 24th April 2024 Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost now set to come in at A$800-million. This compares with the August 2023 budget of A$730-million and is now A$300-million more than the original... →
Base Resources, Energy Fuels to merge, create enhanced critical minerals company
By: Tasneem Bulbulia 22nd April 2024 ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common... →
Pensana seeks to extend $15m loan facility
By: Sabrina Jardim 19th April 2024 Further to the Angolan Sovereign Wealth Fund advancing a $15-million loan facility to London-listed Pensana in August 2023, Pensana reports that discussions have been held regarding the extension of the loan facility to coincide with the anticipated finalisation of the main financing. The loan... →
Godolphin takes 100% control of Narraburra rare earths project
By: Darren Parker 19th April 2024 ASX-listed Godolphin Resources has agreed to acquire the remaining 49% interest in the flagship Narraburra rare earths elements (REE) project in New South Wales, Australia, in which it already holds a 51% stake, from joint venture (JV) partner EX9. Godolphin will gain full control of the asset as... →
Whitehaven expects newly acquired mines to add up to 5Mt a quarter to production
By: Marleny Arnoldi 19th April 2024 Australia-based coal producer Whitehaven Coal continues to deliver strong operational performances at its Maules Creek and Gunnedah openpit mines, having produced 4.4-million tonnes of run-of-mine (RoM) coal in the quarter ended March 31. Production at the Narrabri project, however, was lower... →
Minerals Council South Africa setting out to boost local demand for green hydrogen
By: Martin Creamer 17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... →
Rinehart takes stake in Lynas Rare Earths, shares jump
By: Reuters 17th April 2024 Australia's richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken by Rinehart's privately held Hancock Prospecting, is fuelling speculation of sector... →
Brazil rare earths project shares key similarities with Phalaborwa – Rainbow
By: Darren Parker 16th April 2024 Rare earths miner Rainbow Rare Earths has revealed that the results of mineralogy and hydrometallurgical testwork recently carried out on phosphogypsum material from the Mosaic Company’s Uberaba site, in Brazil, indicates similar characteristics to Rainbow’s Phalaborwa project, in South Africa.... →
Pensana appoints local expert as Longonjo site manager 
By: Marleny Arnoldi 15th April 2024 London-listed rare earths miner Pensana has appointed Benedito Dumbo site manager of the Longonjo rare earths mine, in Angola, ahead of the project’s main construction phase. He has been a mining engineer engaged in the development of the project for the past three years. →
IonicRE subsidiary mulls expansion of Belfast magnet recycling demo plant's capacity
By: Creamer Media Reporter 15th April 2024 Amid significant demand for the production of rare earth oxides (REOs) from magnet recycling, which is currently essentially non-existent in the Western world, Ionic Technologies International, a subsidiary of ASX-listed Ionic Rare Earths (IonicRE), is exploring options to increase the capacity... →
Marula progressing sales agreements for Blesberg by-products
By: Tasneem Bulbulia 12th April 2024 Africa-focused mining and development company Marula Mining is now progressing sales agreements with Fujax UK and a number of other parties in South Africa for the sale of the by-product minerals produced at its Blesberg lithium and tantalum mine in South Africa’s Northern Cape. These will be... →
South Africa's science, innovation dept launches circular minerals, metals initiative
By: Darren Parker 11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... →
DSI technology innovation deputy director general Mmboneni Muofhe
Arafura appoints COO among other leadership changes
By: Creamer Media Reporter 10th April 2024 Perth-based Arafura Rare Earths on Wednesday announced appointments to several key executive leadership positions, including a new COO, as momentum builds towards delivering the Nolans project, north of Alice Springs. Stuart Mcnaughton started as COO on April 8. With 25 years of experience, he... →
Australian magnate Rinehart takes stake in US miner MP Materials
By: Bloomberg 10th April 2024 US rare-earths producer MP Materials said Australian billionaire Gina Rinehart's mining firm had taken a 5.3% stake in the company, expanding her investments in the mineral ore sector. In a regulatory filing last week, the Nevada-based miner said Hancock Prospecting, owned by Australia's richest... →
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
By: Martin Creamer 8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. →
Mines investing R46m to put an end to fall-of-ground fatalities
By: Martin Creamer 5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... →
Pensana confirms rare earths find at Sulima West in Angola
By: Darren Parker 4th April 2024 UK-based rare earths developer Pensana has reported trench and pit sampling results that confirm a 6 ha, enriched laterite at Sulima West, in Angola, grading at 2% to 3% total rare earth oxides (TREO). These analytical results were derived from three trenches and nine pits sampled at the Sulima... →
MRG granted new exploration licence in Mozambique
By: Tasneem Bulbulia 3rd April 2024 ASX-listed MRG Metals has been granted a new exploration licence – the Olinga 11005L exploration licence – in Mozambique, targeting uranium and rare earth elements (REEs). The new Olinga uranium and REE project is situated 890 km north-east of MRG’s Corridor Central and Corridor South heavy... →
IonicRE, Viridis to form JV to advance rare earth prospects in Brazil
By: Darren Parker 3rd April 2024 ASX-listed companies Ionic Rare Earths (IonicRE) and Viridis Mining and Minerals are to form a 50:50 joint venture (JV) company to advance rare earth separation business prospects in Brazil. The JV company aims to build a refinery and magnet recycling facility in the country using IonicRE... →
Rainbow reiterates potential of South Africa, Brazil projects
By: Tasneem Bulbulia 28th March 2024 Rainbow Rare Earths is bullish about the potential of its Phalaborwa rare earths project in South Africa, as it is expected to be the highest margin rare earth elements (REEs) project in development owing to its different capital and operating cost profile compared to traditional projects, CEO... →
Pensana hosts investors, govt representatives at its Longonjo mine
By: Marleny Arnoldi 28th March 2024 In preparation for building one of the world’s largest and highest-grade magnet metal rare earth mines later this year, London-listed Pensana has hosted key stakeholders on site at its Longonjo project, in Angola. CEO Tim George and project director Kevin Botha hosted the Angolan Sovereign... →
Ironveld ramp-up slower than expected
By: Darren Parker 28th March 2024 Although high-purity iron, vanadium and titanium producer Ironveld marked the first sales of metal products, including high-purity iron and titanium slag, from its Rustenburg smelter to local buyers during the six months ended December 31, 2023, operational challenges and modifications delayed... →
Altona reports several achievements at Mozambique project
By: Tasneem Bulbulia 28th March 2024 London-listed Altona Rare Earths recorded several achievements during the six months ended December 31, 2023, including its first Joint Ore Reserves Committee (Jorc) mineral resource estimate (MRE), a scoping study, the increase of Monte Muambe's holding to 51% and a mining licence application,... →
Hastings launches A$22m rights issue
By: Creamer Media Reporter 27th March 2024 ASX-listed Hastings Technology Metals on Wednesday announced a partially underwritten prorata renounceable rights issue to raise A$22.15-million. The rights issue at A$0.36 a share is a 42% discount to the five-day volume weighted average price and a 40% discount to Hastings’ last traded share... →
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