Rare Earth Salts has announced that it has successfully completed large-scale commercial component testing for the separation and purification of rare earth elements using its proprietary technology.
As quoted in the press release, Dr. Joseph Brewer, CEO of Rare Earth Salts, said:
This accomplishment represents a major milestone for RES. We have now generated sufficient data on our commercial size cell to effectively eliminate any and all scalability concerns for the technology. Given the modular nature of our process, we are confident that our technology is now ready for initial production and will demonstrate our ability to favorably compete directly with China.
Our data at commercial scale points to increased efficiency and improved performance over our previously scaled components, allowing us to comfortably project markedly less than Chinese separation cost for 99.9% purity. The rare earth industry has been challenged by a difficult market. It has long been our belief that technological innovation is required for Western producers to achieve profitability and compete directly with their Chinese counterparts. We believe our technology provides a solution that represents the potential for a fundamental shift in the rare earth industry.