Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF), today reported that the first phase of its advanced process test-work to extract rare-earth elements (REE) from monazite sand has yielded positive results.
TORONTO, ON–(Marketwired – August 11, 2016) – Innovation Metals Corp. (“IMC”), a private Canadian company and the developer of the patent-pending RapidSX™ process, announced today the successful completion of a demonstration program to produce commercial-grade Pr-Nd oxide, using feedstock from the Mineração Serra Verde (“MSV”) deposit in Goias State, Brazil.
The Investing News Network has created a series of free reports for investors, reviewing 2015 highlights and looking forward to 2016. With over 50 articles covering more than 40 investing topics, including insight and forecasts from hundreds of sources, these free reports offer incredible value to investors.
Rare Element Resources (NYSE MKT:REE,TSX:RES) will take additional steps to reduce ongoing cash expenditures in light of weak market conditions. These will include significant staff reductions, consolidation of facilities, sale of non-essential equipment and assets, as well as delisting its common shares from the Toronto Stock Exchange.
Grove talks about what the company has been up to lately, and also delves into some specifics regarding Commerce’s Ashram rare earth deposit.
Mkango Resources (TSXV:MKA) reported results of an updated pre-feasibility study for its Songwe Hill Rare Earth Project in Malawi. Highlights included updated capital expenditures and operating costs, as well as a rare earth market review from Adamas Intelligence.
The Investing News Network spoke with Anthony Marchese, chairman of Texas Rare Earth Resources, about the company’s Round Top project and its recent research contract with the US Defense Logistics Agency.
Ryan Castilloux of Adamas Intelligence gives a mid-year update on the rare earths market in 2015.
Bloomberg reported that a Chilean company, Mineria Activa is making efforts to grab some of the rare earth market in a much greener way than China, the world’s top producer of rare earth elements.
Writing for Seeking Alpha, Michael Roat suggested that May could be a good month for rare earth prices, as he expects companies and traders to begin restocking rare earths soon. He also suggested that many buyers could be “staying on the sidelines” as they wait to see the true effect
The rare earths space might be in for another tough year, but prices for some of the rare earths could rise. Furthermore, companies able to adapt to tough conditions could be worth keeping an eye on.
The company now has “the prospect of being the first underground mine since the 1960s in the US to remove rare earth material,” according to CEO Kevin Cassidy.
Quest Rare Minerals Ltd. (TSX:QRM,NYSEMKT:QRM) released a preliminary economic assessment (PEA) based on a revised development plan for its Strange Lake rare earth project.
By Vivien Diniz
Rare earth investors who have been following the market for a few years are likely familiar with Stans Energy, a Canadian junior resource company that wholly owns the Kutessay II heavy rare earths project in Kyrgyzstan.