Rare Earth Salts Signs 5 Year Agreement With Rare Earth Recovery Sciences

Rare Earth Salts has signed a five-year commercial agreement with Rare Earth Recovery Sciences, a leading buyer of retorted compact florescent lightbulb phosphor powder.
As quoted in the press release:

The five year commercial agreement will ultimately see the production of 18 MT per month of rare earth oxides, following an initial ramp up period. An option exists to expand production to 30 MT per month. The Parties expect to produce high purity Yttrium, Europium, Terbium, Cerium, and Lanthanum oxides with initial saleable product expected in the second half of 2016.
RERS will produce a rare earth concentrate in collaboration with Lighting Resources LLC using technology provided by RES. The concentrate will be shipped to RES’ Nebraska facility for separation and purification.

Dr. Joseph Brewer, CEO of Rare Earth Salts, said:

This is an important step towards accomplishing our goal of producing significant quantities of economic and marketable high purity rare earth oxides in the United States. RERS is an ideal partner for RES and this agreement facilitates the production of saleable product this year.

Click here for the full press release.