By Pia Rivera
Northern Minerals’ Browns Range Pilot Plant has been approved. Browns Range will be Australia’s first heavy rare earths mine.
Friday May 20th the first annual European Rare Earth Roundtable, hosted by Adamas Intelligence and the Technology, Rare and Electronic Materials Center. Following the event, the Investing News Network reached out to Ryan Castilloux of Adamas Intelligence to get some updated insight into the market.
Northern Minerals Ltd. (ASX:NTU) announced that it’s received a $1.1-million loan facility from Innovative Technology Funding Pty Ltd.; under the facility, the company has access to $0.8 million in immediate capital.
Northern Minerals Ltd. (ASX:NTU) announced a new business plan that outlines how it will take the Browns Range project into production. The plan separates development of the project into three stages, and takes into account current market conditions for rare earths.
Northern Minerals Ltd. (ASX:NTU) announced that it’s signed a memorandum of understanding (MOU) with Jien Mining Pty Ltd. regarding product offtake from its Browns Range rare earths project.
Northern Minerals is focused on heavy rare earths, while Avanco Resources is looking to bring the high-grade Antas copper mine into production.
Northern Minerals (ASX:NTU) announced that it has come to an agreement with Jien Mining to extend the due diligence period regarding Jien’s final investment decision to July 15.
Northern Minerals (ASX:NTU) has secured 100 percent ownership of the John Galt project in the north of Western Australia.
Resource Investing News takes a quick glance at a few rare earths companies that will be at PDAC 2015 and lists the other rare earths companies attending as well.
China was once responsible for over 90 percent of global rare earths production, allowing it to restrict exports and manipulate prices. However, following a WTO ruling against that practice earlier this year and moves to crack down on illegal mining, China’s share of global rare earths production could be dropping.
Northern Minerals Ltd. (ASX:NTU) announced that the government of Western Australia has given environmental approval for the proposed mine and ore processing facility at Browns Range, the company’s heavy rare earths project.
Mining.com reported that Northern Minerals (ASX:NTU) locked in $6 million in funding from Macquarie Bank Limited, while the Environmental Protection Agency recommended the Browns Range mine for conditional environmental approval.
By Vivien Diniz
In early August, the WTO ruled against China’s export quotas. In light of that decision, it looks like there may be a few changes on the horizon for China’s rare earths industry.
Northern Minerals Ltd. (ASX:NTU) announced that it has completed a preliminary feasibility study for its Western Australia-based Browns Range project. According to the company, it confirms that Browns Range could be “the first significant world producer of high value dysprosium outside of China.”
Mining Weekly reported yesterday that Northern Minerals Ltd. (ASX:NTU) has decided not to sell its minority interest in the Western Australia-based Browns Range heavy rare earths project.
Mining Weekly reported that pilot-scale testwork at Northern Minerals Ltd.’s (ASX:NTU) Browns Range project, located in Australia’s Northern Territory, has delivered “excellent” heavy rare earth oxide (HREO) recovery. It also confirms “two simple and robust flowsheet options.”
Northern Minerals (ASX:NTU) announced today that its final batch of assays from its 2013 drill program at its Wolverine deposit showed some of the best heavy rare earth intersections to date.