New Center for Rare Metals Industry Incheon City announced the inauguration of Korea’s only ‘National Rare Metals Center’ in the Namdong Industrial Complex. The opening ceremony was held in the Markwon Knowledge Industry Center in Incheon. This development is part of Korea’s strategic initiative to support and enhance the rare metals industry. Strategic Legislation and...
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Acquisition in the Mojave Desert Neotech has entered into an option agreement with Willoughby & Associates to acquire a 100% interest in the Thor Rare Earth Elements Project. Located in the eastern Mojave Desert Region, approximately 119 kilometers south of Las Vegas, the project consists of 22 mining claims. Near Significant REE Deposit The Thor...
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Government’s Commitment to Mining Sector During the Second Kurultai held on December 15 in Bishkek, Cabinet Chairman Akylbek Japarov announced Kyrgyzstan’s strategic plan to invest significantly in the mining sector. The government has earmarked 1 billion soms for the development of mineral resource deposits in 2024, signaling a robust commitment to harnessing the country’s rich...
READ MOREEncouraging Extraction Results at Narraburra Godolphin Resources Limited has announced promising results from the first series of tests in the second phase of metallurgical testing at the Australian Nuclear Science and Technology Organisation (ANSTO). These tests, conducted on the Narraburra Rare Earth Element (REE) Project, have shown notable leachability of REEs from composite samples representative...
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Canadian Critical Minerals Companies and China Ucore Rare Metals Inc is among several Canadian critical minerals companies navigating complex waters due to increasing scrutiny from federal authorities on deals with Chinese investors. The company is potentially impacted by the federal government’s stance on acquisitions involving Chinese state-owned enterprises. National Security Reviews and Restrictions The Canadian...
READ MOREU.S. International Development Finance Corporation (DFC) Investment The U.S. International Development Finance Corporation (DFC) has committed to funding TechMet’s $50 million investment in the Phalaborwa rare earths project in South Africa. This funding decision was announced at COP28 and is aimed at increasing the production of metals vital for clean energy technologies. Strategic Importance of...
READ MOREThe government of Vietnam has developed a plan to significantly boost rare earth metals mining in the country to 2.02 million metric tons per year by 2030, according to Reuters. Last year’s mining volume amounted to 4,300 tons, meaning it will need to increase approximately 470 times over the next eight years. Vietnam currently ranks...
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