
March 24, 2025
McLaren Minerals Limited (ASX: MML) ("McLaren" or "Company"), is pleased to provide an update on the drilling program at its wholly owned McLaren Titanium Project.
Highlights
- Drilling has consistently intersected visible heavy minerals
- Additional 10m of mineral hosting sediments identified in northern area
- Metallurgical sample collected and dispatched for test work
- Pressurised saline water encountered in several holes on northern drilling lines
- Gypsum occurrence confirmed in north-western corner of EL69/2388
- First parcel of analytical samples has been dispatched to Perth for analysis
McLaren Minerals are currently exploring the McLaren Deposit located approximately 40km west of Balladonia in Western Australia by means of Air Core drilling and surface geological investigations. The 2025 exploration program is progressing well and is approximately 40% complete.
The drilling program, targeting infill drilling to a previously interpreted mineral sands strandline, should be complete by mid-April. Onsite geologists have confirmed visual mineralisation within targeted sediments and are encouraged by the consistent nature of mineralising orientation. It should be noted that visual estimates recorded during drilling activities and laboratory results do not always align.
Heavy Mineral Consistently Intersected
Drilling consistently intersected sediments hosting Heavy Minerals (HM) and it is interpreted to occupy paleo marine sediments below modern cover and are predictably identified within the elevated topographic feature. The mineral hosting sediments are observed to gently rise in an easterly orientation and overlay crystalline basement displaying a consistent heavy mineral assemblage dominated by Ilmenite and observed to contain a relatively low level of trash minerals. It is noted that a vertical extension to the historical drilling has been identified in the northern area, with current drill holes intersecting an additional 10m of mineral hosting sediments to those previously interpreted. Heavy Mineral present in the metallurgical sample grid is consistent along strike within the mineralizing beds and displays predictable mineral composition. Figure 1 below displays visual confirmation of HM observed during metallurgical test holes within the current 2025 infill drilling activities.
Figure 1: HM in drillholes - Left Image MM01, central image MM06, right image MM57
Metallurgical Sample
The samples of mineralised sediments required for metallurgical test work at IHC Mining laboratory in Queensland have been collected and dispatched. The samples were taken from 69 drillholes with those holes broadly representative of the first 5 years of planned operations (Please see Figure 2 below).
The sample equated to approximately 6 tonnes of material and will be used to validate the flowsheet designed by IHC and to complete follow up tests to allow development of a slimes management strategy for McLaren. As per previous test work (ref APS ASX Announcement 24 Sept 2024) slimes settling was achieved using addition of 3% gypsum, resulting in significant improvement in flocculant dosing rates, down to 150-200g/t.
The test work produced final products of:
- Ilmenite of a suitable grade to be classified as sulphate ilmenite
- Rutile of a typical quality with 95.7% TiO2, 1.49% Fe2O3,
- Zircon of a typical standard zircon quality, noting levels of U + Th at 265ppm were considered very low.
Water Encountered
In very positive news, pressurised water has been encountered in 3 holes being drilled in the north-western part of the known deposit area. In these holes saline water flowed freely from the hole while the rods were downhole, and in the second hole the water flow continued after rods were withdrawn and until the hole was plugged.
The groundwater occurs within a gravel terrace draping basement clays and occurs at shallow depth (approximately 20m). The crystalline basement below saprolite clays display an amount of alteration consistent to a shearing environment. The location is identifiable in regional geophysics data adjacent to a small-scale faulting feature striking approximately north south. It is likely that the gravel terrace was formed in a fluvial drainage feature, eroding and incising the softer sheared zones in the basement, later confined by overriding cover units. Further investigation will be required to determine whether the water is of sufficient volume and quality to support operations.
Click here for the full ASX Release
This article includes content from McLaren Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Dateline Resources Plans OTCQB Listing as US Rare Earths Interest Intensifies
Gold and rare earths company Dateline Resources (ASX:DTR,OTC Pink:DTREF) is keen to uplist to the OTCQB following strong interest in its California-based Colosseum project.
In a May 2 statement, the company highlighted US President Donald Trump's recognition of the asset.
“The Colosseum Mine, America’s second rare earths mine, has been approved after years of stalled permitting,” Trump wrote in an April 25 Truth Social update on his administration's achievements.
Trump's comment comes after the Department of the Interior said on April 8 that Colosseum can continue mining operations under its existing mine plan of operations with the Bureau of Land Management.
"The resumption of mining at Colosseum Mine, America’s second rare earth elements mine, supports efforts to bolster America’s capacity to produce the critical materials needed to manufacture the technologies to power our future," the bureau said at the time, highlighting the importance of reducing US reliance on China for critical minerals like rare earths.
Dateline said the Department of the Interior's confirmation prompted a surge in interest from North American investors.
"The Company’s shares currently trade in the U.S. under the OTC code DTREF, and the process to uplist to OTCQB has commenced," Dateline said, adding that this listing will be in parallel to its ASX listing.
“Dateline will continue to meet its ASX disclosure obligations, which will satisfy OTC market requirements under the established foreign listing exemptions,” the company also noted.
Located in the Walker Lane Trend in East San Bernardino County, California, the Colosseum gold-rare earths mine was acquired by Dateline from major miner Barrick Gold (TSX:ABX,NYSE:GOLD) in October 2021.
Using a cut-off grade of 0.5 grams per tonne gold, Colosseum has a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne gold for 1.1 million contained ounces of gold. In terms of rare earths, Dateline says Colosseum is "emerging as a project of national strategic importance" due to its potential to host these key commodities.
On Monday (May 5), the company said it has started preparing for a rare earths-focused drill program at Colosseum, with a detailed plan to be finalised within one month. The drill program will be carried out contemporaneously with Dateline's planned gold feasibility study for Colosseum.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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05 May
How to Invest in Rare Earth Metals
Investing in rare earth minerals can seem tricky, but there are a variety of rare earth stocks and exchange-traded funds (ETFs) available for metals investors.
The rare earth sector may seem daunting, as many elements fall under the umbrella, and the 17 rare earth elements (REEs) are as diverse as they are challenging to pronounce.
The group is made up of 15 lanthanides, plus yttrium and scandium, and each element has different applications, pricing and supply and demand dynamics. Sound complicated? While the REE space is undeniably complex, many investors find it compelling and are interested in finding ways to get a foot in the door.
Read on for a more in-depth look at the rare earth metals market and the many different types of rare earth minerals, plus rare earth stocks and ETFs you can invest in.
In this article
What are the types of rare earth minerals?
There are a number of ways to categorize and better understand rare earths, which will help you know which companies to invest in based on what they're targeting.
For example, they are often divided into “heavy” and “light” categories based on atomic weight. Heavy rare earths are generally more sought after, but light REEs are important too.
Rare earths can also be grouped together according to how they are used. Rare earth magnets include praseodymium, neodymium, samarium and dysprosium, while phosphor rare earths — those used in lighting — include europium, terbium and yttrium. Cerium, lanthanum and gadolinium are sometimes included in the phosphor category as well. For a detailed breakdown of rare earth uses, check out our guide.
One aspect that is common to all the rare earths is that price information is not readily available — like other critical metals, rare earth materials are not traded on a public exchange. That said, some research firms do make pricing details available, usually for a fee, including Strategic Metals Invest, Fastmarkets and SMM.
What factors affect supply and demand for rare earths?
As mentioned, each REE has different pricing and supply and demand dynamics.
However, there are definitely overarching supply and demand trends in the sector. Most notably, China accounts for the vast majority of the world’s supply of rare earth metals. As the world’s leading producer, the Asian nation accounted for roughly 70 percent of rare earths production in 2024, or 270,000 metric tons (MT), with the US coming in a very distant second at 45,000 MT. After the US, Myanmar is the third largest rare earths producer with total output of 31,000 MT last year. On top of that, China is also responsible for 90 percent of refined rare earths output.
The strong Chinese monopoly on rare earths production has created problems in the sector in the past. For instance, prices in the global market spiked in 2010 and 2011 when the country imposed export quotas.
The move sparked a boom in global rare earth metals exploration outside of China, but many companies that entered the space at that time fell off the radar when rare earths prices eventually sank again. Molycorp, once North America’s only producer of rare earths, is a notable example of how hard it is for companies to set up shop outside China. It filed for bankruptcy in 2015. But the story didn’t end there — MP Materials (NYSE:MP), the company that now owns Molycorp’s assets, went public in mid-2020 in a US$1.47 billion deal, and a year later was a US$6 billion company.
MP Materials is now the western hemisphere's largest rare earths miner, putting out high-purity separated neodymium and praseodymium oxide; a heavy rare earths concentrate; and lanthanum and cerium oxides and carbonates.
Concerns about China’s dominance are ongoing as the US/China trade war continues and as supply chain stability grows in importance. The Asian nation has tightly controlled how much of its rare earths products make it into global markets through a quota system initiated in 2006.
US President Donald Trump's high tariffs targeting Chinese goods has resulted in China enacting further rare earth export restrictions. In April 2025, the Government of China placed strict export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium — all crucial for the production of electric vehicles, smartphones, fighter jets, missiles and satellites.
Sharing a border with China, Myanmar is the source of at least 70 percent of its neighbor’s medium to heavy rare earths feedstock. With that in mind, it's not surprising that a temporary halt in Myanmar’s production in late summer of 2023 sent rare earths prices to their highest level in 20 months, as per OilPrice.com.
Myanmar's rare earths production experienced further disruptions in late 2024 as the Kachin Independence Army seized two towns in Kachin state, near China’s Yunnan province, that are critical suppliers of rare earth oxides to China.
Outside of China, one of the world’s leading rare earths producers is Australian company Lynas (ASX:LYC,OTC Pink:LYSCF), which sends mined material for refining and processing at its plant in Malaysia. In 2023, Japan Australia Rare Earths, a joint venture between the Japan Organization for Metals and Energy Security and Sojitz (TSE:2768), inked an agreement to invest AU$200 million in the production and supply of heavy rare earths from Lynas.
This has allowed the mining company to expand its light rare earths production and begin production of heavy rare earths. Lynas brought its large-scale downstream Kalgoorlie rare earths processing facility online in November 2024. According to its H1 2025 fiscal year results, the company's neodymium and praseodymium (NdPr) production volume increased by 22 percent.
In the US, MP Materials is making good use of US$58.5 million awarded in April to support construction of the first fully integrated rare earth magnet manufacturing facility in the US. The funding is part of the Section 48C Advanced Energy Project tax credit granted by the Internal Revenue Service, Department of Treasury and Department of Energy.
The Fort Worth, Texas, magnet facility began producing the NdFeB magnets crucial for EVs, wind turbines and defense systems at the start of 2025. First commercial deliveries are expected by the end of the year.
Looking at demand, many analysts believe the need for rare earths is set to boom on accelerating growth from top end-use categories, including the electric vehicle market and other high-tech applications.
As an example, demand for dysprosium, a key material in steel manufacturing and the production of lasers, has grown as countries increase their steel standards. Aside from that, rare earths have long been used in televisions and rechargeable batteries, two industries that accounted for much demand before the proliferation of new technologies. Other rare earth metals can be found in wind turbines, aluminum production, catalytic converters and many high-tech products.
As can be seen, securing rare earths supply is an increasingly important issue. In addition to traditional rare earths mining, there has been growth in the rare earths recycling industry, which aims to recover REE raw materials from electronics and high-tech products in order to reuse them in new ways.
Exploring and extracting rare earth materials from deep-sea mud is one of the newest recovery methods, although deep sea mining of mud and nodules comes with significant environmental concerns. However, it is gaining traction as more mining companies look offshore for resources and US President Trump pushes for fast tracking of deep-sea mining permits.
How to invest in rare earth minerals
Investors are increasingly wondering how they can invest in rare earth metals as demand ramps up and the US-China trade war has caused further concerns about rare earth supply chains. The possibility of higher rare earth prices in the coming years is one of the catalysts for investors wondering how they can invest in rare earths. As it's not possible to buy physical rare earth metals, the most direct way to invest in the rare earth market is through mining and exploration companies.
Investing in rare earth stocks
While many rare earth minerals companies are located in China and are not publicly traded, there are a variety of rare earth companies listed on US, Canadian and Australian stock exchanges.
Below is a selection of companies with rare earths assets or operations trading on the NYSE, NASDAQ, TSX and ASX; all had market caps of over $500 million as of April 22, 2025.
- Brazilian Rare Earths (ASX:BRE)
- Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)
- Ionic Rare Earths (ASX:IXR)
- Iluka Resources (ASX:ILU)
- Lynas (ASX:LYC,OTC Pink:LYSCF)
- MP Materials (NYSE:MP)
- Neo Performance Materials (TSX:NEO,OTC Pink:NOPMF)
- Peak Rare Earths (ASX:PEK)
Small-cap REE companies are also listed on those exchanges.
Here’s a hefty list of junior rare earths stock and companies with rare earths projects. The rare earths stocks on this list had market caps between $5 million and $500 million as of April 22, 2025:
- Aclara Resources (TSX:ARA,OTC Pink:ARAAF)
- American Rare Earths (ASX:ARR,OTCQB:ARRNF)
- Appia Rare Earths & Uranium (CSE:API,OTCQX:APAAF)
- Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF)
- Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF)
- Canada Rare Earth (TSXV:LL,OTC Pink:RAREF)
- Commerce Resources (TSXV:CCE,OTC Pink:CMRZF)
- Defense Metals (TSXV:DEFN,OTCQB:DFMTF)
- E-Tech Resources (TSXV:REE)
- Geomega Resources (TSXV:GMA,OTC Pink:GOMRF)
- Hastings Technology Metals (ASX:HAS,OTC Pink:HSRMF)
- Mkango Resources (TSXV:MKA)
- Namibia Critical Metals (TSXV:NMI,OTC Pink:NMREF)
- NioCorp Developments (NASDAQ:NB)
- Northern Minerals (ASX:NTU)
- Pensana (LSE:PRE,OTC Pink:PNSPF)
- Resouro Strategic Metals (TSXV:RSM)
- Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF)
- Vital Metals (ASX:VML)
To learn more about investing in rare earths, check out our stocks lists on the 9 Biggest Rare Earth Stocks in the US, Canada and Australia, Top Canadian Rare Earths Stocks, and the 5 Biggest ASX Rare Earth Stocks.
Investing in rare earth ETFs
Rare earth exchange-trade funds (ETFs) offer investors a diversified position in this market space, mitigating the risks of investing in specific companies.
- The VanEck Rare Earth and Strategic Metals ETF (ARCA:REMX) (ARCA:REMX) tracks an index of global mining companies, as well as refiners and recyclers of rare earths and strategic metals. Its top holdings include Lynas and MP Materials.
- The Sprott Critical Materials ETF (NASDAQ:SETM) tracks an index of US and foreign companies related to energy transition materials. Lynas, Energy Fuels and MP Materials are also among its top holdings.
- The Global X Disruptive Materials ETF (NASDAQ:DMAT) tracks materials companies that derive at least half of their revenues from the exploration, mining, production and refining of one or more of 10 materials categories, including rare earths. In addition to Lynas and MP, this ETF also provides exposure to multiple Chinese rare earths companies, and one of its top holdings is China Northern Rare Earth High-Tech Company (SHA:600111).
This is an updated version of an article first published by the Investing News Network in 2020.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: American Rare Earths is a client of the Investing News Network. This article is not paid-for content.
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01 May
Trump Administration Strikes 50/50 Minerals Deal with Ukraine
The Trump administration has finalized a profit-sharing agreement with Ukraine that will give the US a 50 percent stake in future revenues from the war-torn country’s stores of critical minerals.
At the heart of the deal, announced on Wednesday (April 30), is a set of materials that are foundational to both economic growth and national security, including graphite, lithium, titanium, beryllium and uranium.
The deal also covers the 17 rare earth elements, which are key components in the manufacturing of clean energy technologies like wind turbines, solar panels, electric vehicles and modern weapons systems.
According to US Secretary of the Treasury Scott Bessent, the deal is part of Washington’s broader vision for “a peace process centred on a free, sovereign, and prosperous Ukraine over the long term.”
“President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” Bessent added in a statement.
While emphasizing a commitment to peace in Ukraine, he also issued a warning: any entity "who financed or supplied the Russian war machine" will be barred from taking part in Ukraine’s reconstruction, a thinly veiled reference to Russia’s state-backed energy and mining sectors, as well as Chinese firms with close ties to Moscow.
The US currently imports many key minerals. The US Geological Survey states that of the 50 minerals it classifies as “critical,” the country is 100 percent import-dependent on 12 of them, and more than 50 percent dependent on 16 others.
Meanwhile, China has established near-total dominance over global rare earths production and refining, raising alarms in western capitals about overreliance on a strategic rival.
Ukraine, in contrast, is sitting on a potential treasure trove. The Ukrainian government says it has deposits of 22 of the 50 critical minerals the US deems critical, including some of the world’s largest graphite and lithium reserves.
Many of these resources are located in the country’s eastern and southern regions, some of which remain under Russian occupation and are worth an estimated US$500 billion in untapped reserves.
A deal born of conflict and eventual compromise
The minerals deal has a fraught history, with Trump originally pitching it as a way for the US to be “repaid” for military assistance provided to Ukraine since Russia’s full-scale invasion in 2022.
Trump claims the US has sent over US$350 billion in aid, a figure far higher than the official tally of US$183 billion listed on the US government’s own Ukraine Oversight webpage.
That early version of the agreement collapsed after a tense Oval Office meeting on February 28, during which Trump blamed Ukrainian President Volodymyr Zelenskyy for failing to prevent Russia’s invasion.
Negotiations were revived following a more conciliatory conversation between the two leaders during Pope Francis’ funeral in Rome. Since then, Trump has softened his public rhetoric toward Kyiv while sharpening criticism of Russian President Vladimir Putin, who has dismissed Trump’s ceasefire overtures.
Speaking at a White House cabinet meeting on the day the deal was signed, Trump defended the agreement as a necessary course correction after years of what he described as “throwing money out the window.”
“We had no security, we had no nothing — just pouring money there, unsecured money,” Trump said. “So I said, ‘Well, we want something for our efforts beyond what you would think to be acceptable.’”
The final version of the deal, confirmed by Ukrainian Economy Minister Yulia Svyrydenko, establishes a joint development fund with equal 50/50 profit sharing. “It is important that the agreement will become a signal to other global players that it is reliable to cooperate with Ukraine in the long term — for decades,” she said in a post on X, also emphasizing that Kyiv will retain sovereign control over resource management.
Still, the negotiations came down to the wire. Bessent admitted that Ukrainian officials had proposed last-minute changes, delaying the signing until the afternoon.
The precise terms of the final accord remain under wraps, and the treasury department has declined to release a full copy, despite reporting from the Washington Post and the Kyiv Independent on key provisions.
Opportunities and risks moving forward
While Trump has portrayed the agreement as a personal victory and proof of his commitment to “peace through strength,” some analysts caution that the US-Ukraine minerals partnership could be vulnerable to future instability.
Ed Verona, a senior fellow at the Atlantic Council’s Eurasia Center, has warned that “few serious US investors will put their shareholders’ money at risk based on such a clearly unbalanced ‘deal.’”
Verona cited Russia’s own resource history as a cautionary tale. “Production sharing agreements signed during the difficult transitional period of the 1990s were subsequently repudiated by Putin’s regime, with Western partners forced to surrender control and majority ownership in major projects,” he said.
Moreover, with no security guarantees attached to the deal, Ukraine’s ability to develop its resource sector could still be jeopardized by continued fighting, especially as some of the most mineral-rich regions remain under Russian control.
As the G7 Summit in Kananaskis, Alberta, approaches, where Canadian Prime Minister Mark Carney and Zelenskyy are expected to meet again, western unity on Ukraine’s reconstruction will be under scrutiny.
Don't forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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29 April
A Transformational Step Towards Becoming a Fully Integrated HPA Producer
Impact Minerals Limited (ASX:IPT) (Impact or Company) is pleased to announce that it will acquire a 50% interest in Alluminous Pty Ltd (Alluminous), becoming its largest shareholder. Alluminous is a newly formed company that has successfully acquired 100% of HiPurA Pty Ltd (Administrators Appointed) (HiPurA). HiPurA owns the HiPurA® High Purity Alumina (HPA) processing technology which was previously developed and wholly owned by ChemX Materials Limited (Administrators Appointed) (ChemX). Both ChemX and HiPurA separately entered voluntary administration on 2 January 2025 (ASX Release 4 April 2025).
The acquisition provides a number of strategic and tactical benefits, including:
- Potential to accelerate Impact’s entry into the HPA market by up to two years, providing a significant time and cost advantage compared to the current projected timeline.
- HiPurA® is complementary to the Lake Hope Project, which remains central to Impact’s strategy. Financial modelling and report writing for the pre-feasibility study (PFS) are well advanced.
- Immediate access to the HiPurA® HPA process, which has demonstrated >99.99% (4N) purity and is designed to be scalable.
- A pilot plant that is largely constructed and nearing commissioning, with modest additional capital expenditure required to commence production and generate product samples.
- Ownership of a fully equipped HPA laboratory and micro-plant eliminates the need for third-party testing, and enables faster customer qualification and process optimisation.
- Potential integration of the Lake Hope resource into HiPurA® via back-engineering, while unlocking a new pathway using chemical feedstocks. This allows both commercial options to be pursued to reach a streamlined path to market.
- Supports strategic alignment with Impact’s CRC-P research grant, allowing integration of membrane technologies and strengthening government funding prospects.
- Involvement of the original HiPurA® inventors, which together with Impact’s own HPA capabilities, ensures technical continuity, deep expertise, and innovation-led process improvements.
- Partnership with experienced North American investors may provide exposure to additional funding opportunities and global customer networks in high-growth HPA markets including batteries, semiconductors, and LEDs.
- The total acquisition cost of $2.2 million will be shared equally by Impact and the other shareholders of Alluminous. Impact's share is $1.1 million. This structure is expected to lower Impact’s financial exposure and share technical and financial responsibilities.
The remaining 50% of Alluminous will be owned by the two founders and inventors of the HiPurA® technology, together with North American venture capital investors with experience in the resource sector. This ownership structure is expected to support the development of the HiPurA® HPA process's development by retaining its original developers' involvement and may facilitate access to North American capital markets.
Alluminous's next steps will be to demonstrate the HiPurA® technology at pilot plant scale, followed by expansion to commercial-scale production in North America. There is also potential for Alluminous to pursue a listing on a North American securities exchange within the next 12 to 24 months.
Impact's Managing Director, Dr. Mike Jones, said, “This acquisition represents a rare and strategic opportunity for Impact. ChemX ultimately failed due to financial issues rather than any technical shortcomings. Our due diligence identified a robust, well-designed technology and business plan. The HiPurA® process demonstrated innovation, scalability, and the proven ability to produce 4N HPA at the micro-plant scale. The associated pilot plant, which is capable of producing at least 25 tonnes of HPA per year, is nearing commissioning. This has the potential to accelerate the time to commercialisation materially.
The acquisition process was highly competitive and provides us with a second avenue to progress our HPA strategy. HiPurA may serve as a complementary addition to our Lake Hope Project, with plans to explore integration through back-engineering. HiPurA® technology also provides alternative development possibilities, with potential advantages including faster time to market, multiple feedstock options, and a highly scalable production model. Based on our current assessments, the time savings could be as much as two years, which may be worth millions of dollars.
Our partnership within Alluminous brings together a rare combination of deep technical and financial expertise. The original inventors of HiPurA® will remain actively involved, ensuring continuity in technology development. At the same time, our North American co-investors contribute significant financial acumen and market access, particularly in high-value supply chains for batteries, semiconductors, and specialty materials.
“This acquisition provides more than just a process—it gives us real assets, well-credentialed partners, and a faster path to revenue. Impact is now uniquely positioned to become part of a vertically integrated, globally competitive supplier of HPA.”
Click here for the Shareholders & Investors Webinar Presentation
Click here for the full ASX Release
This article includes content from Impact Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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28 April
Trump Takes Aim at China with Deep-Sea Mining Nod, Looks to Boost Critical Minerals
Continuing his administration’s push toward reducing US reliance on Chinese mineral imports, President Donald Trump has signed a new executive order to fast track processes for deep-sea mining.
The release highlights nickel, cobalt, copper, manganese, titanium and rare earths as strategic minerals key to both national security and economic prosperity, saying that deep-sea mining may provide increased access.
The April 24 announcement from Trump came a day after Secretary of the Interior Doug Burgum outlined potential plans for the government to invest in US companies that mine and process critical minerals.
Speaking at a conference put together by the Hamm Institute for American Energy, Burgum said there may be a need for “equity investment in each of these companies that’s taking on China in critical minerals.”
He discussed a multifaceted strategy that could include the creation of a sovereign wealth fund, government-backed sovereign risk insurance and a national stockpile of critical minerals.
“We should be taking some of our balance sheet and making investments,” Burgum told reporters last week. “Why wouldn’t the wealthiest country in the world have the biggest sovereign wealth fund?”
What's at stake for the US?
These efforts to reposition America’s mineral supply chain come amid the country's escalating trade war with China, which has tightened its grip on the global critical minerals market.
Currently, China produces or refines a dominant share of 20 key raw materials used in essential technologies — from semiconductors and electric vehicle batteries to missile guidance systems and wind turbines.
According to the US Geological Survey, the US was 100 percent reliant on imports for 15 critical minerals in 2024, and approximately 70 percent of its rare earths came from China the year before.
China’s latest retaliation — a new wave of export controls on rare earth elements in response to US tariffs — has only intensified concerns about supply chain vulnerability.
“We have to get back in the game,” Burgum urged in the same conference.
“It’s not just drill, baby, drill. It’s mine, baby, mine. If we don’t do that as a country, we will not be successful. We will literally be at the mercy of others that are controlling our supply chains.”
Building a domestic safety net for America
To offset both economic and geopolitical risks, Burgum laid out three key proposals under consideration:
- Sovereign wealth fund — A mechanism to allow the US to take equity stakes in domestic mining and processing firms, particularly those struggling to compete with Chinese state-backed entities.
- Sovereign risk insurance — A federal insurance program to reimburse companies in the event that a future administration cancels approved projects.
- Critical minerals stockpile — Similar to the Strategic Petroleum Reserve, the government would buy minerals during periods of global oversupply to stabilize domestic prices and secure long-term reserves.
Burgum asserted that the three combined would put the US “in the game around critical minerals,” and said the administration is currently “working on all three.”
Opening the ocean floor to mining
Trump’s executive order directs federal agencies to expedite permitting under the Deep Seabed Hard Mineral Resources Act and the Outer Continental Shelf Lands Act. In addition to that, it instructs agencies to identify mineral-rich regions, facilitate exploration and map seabed areas for priority development.
Notably, the move bypasses the ongoing regulatory negotiations at the International Seabed Authority (ISA), a United Nations body tasked with setting global standards for ocean floor mining.
“The United States has a core national security and economic interest in maintaining leadership in deep sea science and technology and seabed mineral resources,” Trump states in the order.
Officials say US waters hold over 1 billion metric tons of seabed mineral deposits, including copper, cobalt, manganese and nickel — essential materials for renewable energy technologies and military applications.
However, the move has been met with sharp criticism from environmental groups and international regulators, which have long warned of the untested ecological risks of deep-sea mining.
“We condemn this administration’s attempt to launch this destructive industry on the high seas in the Pacific by bypassing the United Nations process,” said Greenpeace USA’s Arlo Hemphill in a statement.
“This is an insult to multilateralism and a slap in the face to all the countries and millions of people around the world who oppose this dangerous industry," he continues in the April 25 release.
The ISA, created under the 1982 United Nations Convention on the Law of the Sea — which the US has not ratified — has been working to establish a regulatory framework before any commercial deep-sea mining begins.
It is still deliberating rules on how to balance environmental concerns with mineral exploitation, with ISA Secretary-General Leticia Carvalho expressing hope that a global consensus can be reached by the end of 2025.
Mining companies mobilize amid US critical minerals push
Mining and energy companies are moving swiftly to capitalize on the Trump administration’s push to expand domestic production of rare earths and other critical minerals.
MP Materials (NYSE:MP), the operator of the only active rare earths mine in the US, reported a surge in interest from manufacturers after China imposed new export restrictions. The company has halted shipments of unprocessed ore to China, citing steep tariffs, and is ramping up efforts to process materials domestically.
NioCorp Developments (NASDAQ:NB) has welcomed the White House’s call to streamline permitting, which coincides with its plans to accelerate its Nebraska-based Elk Creek critical minerals project.
In the lithium space, oil giants like ExxonMobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY) are clashing over production rights in Arkansas’ Smackover Formation, one of the country's richest potential lithium sources.
Exxon subsidiary Saltwerx recently won regulatory approval to develop a 56,000 acre lithium unit, a move it said could unlock the domestic industry and bolster US energy security.
At sea, The Metals Company (NASDAQ:TMC) is seeking permits under a decades-old US law to mine polymetallic nodules from the Pacific seabed, pointing to renewed political will.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
28 April
Strategic Discovery of Deep-Seated High-Grade Rare Earths Confirmed at Ivigtût, Greenland
Eclipse Metals Ltd (ASX: EPM) is pleased to report highly encouraging analytical results from 23 selected core samples from six historic diamond drill holes that were completed at the Company’s flagship Ivigtût multi-commodity project in southwest Greenland.
The results confirm the presence of high-grade rare earth element (REE) mineralisation at the Grønnedal Prospect, which is located within the Ivigtût Project Area.
The analyses, conducted by SGS Laboratories in Canada, demonstrate the occurrence of significant Total Rare Earth Oxide (TREO) values. A sample from drillhole R between 25.5 and
25.8m returned 20,092ppm (2.01%) TREO thus reinforcing the project's potential as a strategically located and globally significant source of magnetic and critical REEs essential for decarbonisation and advanced technologies.
Significant Analytical Results include:
- Drillhole R (25.5–25.8m) returned 20,092ppm (2.01%)TREO with 4,677ppm Nd₂O₃, 1,143ppm Pr₂O₃, 246ppm Dy₂O₃, 855ppm Y₂O₃ and 58ppm Tb₂O₃;
- Drillhole S (14.7–15.2m) returned 17,595ppm TREO including 4,269ppm Nd₂O₃, 484ppm Y₂O₃ and 371ppm Gd₂O₃
Director of Eclipse Metals, Mr Carl Poppal, stated:
“These latest analytical results are outstanding. They exceed our expectations and confirm the scale and quality of REE mineralisation present at depth in the Grønnedal prospect. With TREO grades over 2%, including significant Nd, Pr, Dy and Tb concentrations, the magnetic rare earth potential is truly world-class. Importantly, these findings allow us to calibrate the HyperXRF system, enabling rapid assessment across the broader project area and helping fast-track our pathway to an expanded MRE and feasibility development.”
Introduction
The Grønnedal carbonatite-hosted mineral resource is located within the Grønnedal Igneous Complex (Figure 1). The initial mineral resource estimate (MRE) (Table 1) is based on limited shallow drill testing of a small portion of the larger carbonatite complex.
Table 1:Grønnedal Classified Mineral Resource (LREO: Light Rare Earth Oxides, HREO: Heavy Rare Earth Oxides, MREO: Magnet Rare Earth Oxides)
The MRE is underpinned by analytical data derived from both exploration trenching and shallow drilling programs (refer to ASX announcement 25 July and 8th August 2023). Thus, the vertical extents of the MRE are limited to an average depth of only 12m.
In 1950, Kryolitselskabet Øresund A/S, Cryolite Company drilled six diamond holes in the vicinity of the Grønnedal resource to test for a potential iron ore deposit (Figure 1). This drilling extends to depths of up to 200m.
During 2024, the Greenland Government granted Eclipse permission to conduct non-destructive analyses of the government-archived core from these drillholes using the Minalyze XRF TruScan technology developed by Veracio in Gothenburg, Sweden. These data, which are summarised in Table 2, suggest that anomalous rare earth mineralisation, as defined by six key indicator elements, extends to depths of approximately 200m (refer to ASX announcement January 2025).
Table 2: Statistics of Minalyze XRF TruScan Program
To verify the TruScan data, conventional laboratory analyses were required. In late 2024 Eclipse were allowed to extract small specimens from selected core intervals, using sampling protocols approved by the Greenland Government, from 23 intervals representing key lithologies for analytical test work. Sample treatment was carried out by SGS Lakefield, Canada using a sodium peroxide (Na₂O₂) digestion followed by ICP-MS (Inductively Coupled Plasma Mass Spectrometry).
Click here for the full ASX Release
This article includes content from Eclipse Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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