The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.
Being eligible for “enhanced Government of Canada economic diplomacy.”
Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine in December 2009, but a local company had claimed being the rightful owner of such permit.
Like the rest of the commodities market, the rare earths sector is definitely less exciting now than it was a few years ago.
Kyrgyz government moves to revoke Stans Energy's licence for rare earth mine and plant that was the main global source of heavy REEs during the Soviet era.
Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.
The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.
To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.
The >99% pure HREE Concentrate is a carbonate salt rare earth concentrate ("REC") comprised of heavy rare earths ranging from samarium (Sm) through lutetium (Lu).
A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night.
Centralized modern processing could make it possible for mining companies in the United States, Europe and Australia to start producing truly critical materials with small capex.
A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.
The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.
Shares down 19% after hours after production at its Mountain Pass rare earth mine in California slumps 58% and costs more than double.
The Company reported consolidated net revenues in the third quarter of 2014 of $123.9 million, a 6% increase over the preceding quarter.
China's geology, cost structure and disregard for environmental degradation have led to rare earth world domination. But the landscape is changing.
Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.
With a well-rounded portfolio, it makes it easier to sail through turbulence in the market and come out on top.
Resource scarcity and human rights issues surrounding metals extraction, coupled with unrelenting global demand mean the industry is facing some tough realities.
As our prior series of articles endeavoured to convey, the rare earth space is complicated with many facets that need to be evaluated to properly assess the quality of a development project (mineralogy/metallurgy, grade/tonnage, rare earth element (REE) distribution, economics, infrastructure, jurisdiction, etc.).
World's dominant supplier of rare earth elements reveals a huge portion of supply used in magnets is illegally mined; much larger than initially anticipated
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