Company Profile

A recent study by scientists from the Australian National University and the University of Chinese Academy of Sciences found that iron-rich magma in extinct volcanoes globally may contain significant amounts of rare earth elements (REEs). These elements are crucial for technologies like electric vehicles and wind turbines. The discovery offers new opportunities for REE mining in regions like the U.S., Chile, and Australia. However, environmental concerns about mining prompt experts to also focus on recycling REEs.

Wyoming Rare (USA) Inc., a subsidiary of American Rare Earths, has secured a significant funding commitment of US$456 million from the Export-Import Bank of the US for the development of its Halleck Creek Cowboy State Mine project. The funding will cover initial capital expenses, supporting the multi-phase development of the rare earths deposit with a potential lifespan spanning multiple generations.

Northern Minerals raises AUD 43M for Browns Range project in WA. Funds will support feasibility studies, development, drilling, and operations. Project boasts high-grade dysprosium and terbium, including top-grade Wolverine deposit. Feasibility due Q1 2025, investment decision in 2024.