Rare Earth Salts Says Separation Technology Could Allow Companies to Compete With Chinese Domestic Pricing

Rare Earth Salts announced that it has a defined path to near term commercialization of its rare earth separation technology. Company CEO Allen Kruse has said that Rare Earth Salts low-cost technology will allow rare earth companies to directly compete with domestic Chinese pricing.

As quoted in the press release:

Work has begun on testing process flow modeling for separations processing and commercial component feasibility. The test work aims to prove process flows and the scalability of RES’ proprietary separations technology. Successful completion will facilitate engineering and construction of a commercial production facility with initial separations capacity of 10 tons per month of rare earth concentrate.

RES continues to work with a Major Mining Company under the Joint Development Agreement announced October 14, 2014 with plans calling for the expansion of the initial commercial production facility to handle much larger production volumes. RES will continue to selectively seek additional partners with whom to work as the Company continues to grow its commercial capacity.

Rare Earth Salts CEO, Allen Kruse, said:

Our technical team continues to demonstrate some of the lowest operating costs and highest efficiency in the industry with our environmentally friendly process, projected to be below $4/kg. We believe our separations technology is the missing piece to the industry being successful in the Western World once again. It will allow current rare earth concentrate producers and prospective producers to directly compete with, and be profitable at, Chinese domestic pricing. The functional independence of the Rare Earth Salts Separations Technology (RESST) toward various rare earth concentrate feedstocks is another key advantage for RES. Our technology allows us to combine concentrate from multiple partners and feedstock types without sacrificing separation effectiveness.

Click here to read the Rare Earth Salts press release