BOSTON, MA--(Marketwire - Jan 4, 2012) - REE International, Inc. (PINKSHEETS: REEI) (the "Company"), a U.S. based mineral exploration company focused on the exploration and production of rare earth elements, today announces it anticipates signing a letter of intent within the next 30 days to purchase a tantalum producing property located in the country of Bolivia.
Rare Earth Mining News
Rare Element Resources up 15 percent after announcing a 38 percent increase in measured and indicated resources
Rare Element Resources' stock was up 15.17% from its opening price today to $4.13 a share after announcing results of an updated NI 43-101-compliant mineral resource estimate showing a measured and indicated mineral resource of 6.8 million tons at 3.75% rare earth oxides at its Bear Lodge Property in Wyoming, USA.
Wind turbine prices have dropped nearly one-third since 2008 according to a study by Lawrence Berkeley National Laboratory.
Molycorp Inc. (MCP) reported that more than three-quarters of the Phase 1 rare-earth production at its flagship California manufacturing facility has been committed, helping the rare-earth mining company meet its allocation target for last year.
On August 15th, Mark Smith, the president and CEO of rare earth producer Molycorp (MCP), made one of the strangest insider purchases I have ever observed. Just two months earlier he dumped his last tranche of stock for a total 259,260 shares on the year at a gross value of $13.1M.
2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.
Forge Group subsidiary Abesque Engineering has received a Letter of Award for the Engineering, Procurement, Construction and Commissioning Assistance (EPC) contract for Lynas Corp's LampsUp-WA project near Laverton in Western Australia.
Rare earth element coverage has exploded since The Gold Report started covering this sector in early 2009. At that point, the REE junior mining market was a $2 billion industry. Today, REE juniors are a $10 billion+ industry—give or take a one-day market fluctuation, and Streetwise Reports now has a dedicated newsletter to cover the sector: The Critical Metals Report. Let's look back at how far we have come.
China has set the first tranche of rare earths export quotas for 2012 with more in reserve for firms that have not yet passed inspections. The biggest producer Baotou Rare Earth is still awaiting environmental approval
The substantial capex required for the development of a rare earths mine, compounded by major miners' lack of interest in mining rare earths, may spell trouble in meeting future demand.
Arafura's Rare Earth production flowsheet has previously been proven at pilot scale. The purpose of this program is to operate at a larger scale to reduce Nolans project scale up risk, optimise equipment selection and verify design data.
Rare earth producer Molycorp (MCP) said Friday it has been granted U.S. government authorization to begin exploratory drilling for heavy rare earth minerals in Mountain Pass, California.
In response to growing unease over supply of critical metals for high-tech manufacturing and green technologies, the British Geological Survey (BGS) and the University of Exeter have agreed to join forces in a new initiative to improve research capability in this vital area. The ‘Critical Metals Alliance' agreement signed on December 13, 2011 consolidates long-term links between the British Geological Survey and the University of Exeter/Camborne School of Mines (CSM).
Cows shrinking to the point they turn into cats and villagers wrapped in do-it-yourself anti-radiation suits are only some of the effects of allowingAustralia's Lynas Corporation to open a rare earths plant inMalaysia, according to not-so-subtle protest short satirical films populating YouTube these days.
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINKSHEETS:RAREF)(OTCQX:RAREF) is pleased to announce the first NI 43-101 compliant independent resource estimate for the Two Tom REE - Niobium - Beryllium Deposit at the Red Wine property, located approximately 110 kilometres northeast of Churchill Falls in west central Labrador.
Toyota Tsusho Corp., the trading company of the Asia’s largest automaker, will help accelerate production of rare-earth metals for Canadian mining company Matamec Explorations Inc. and buy all the output from its Kipawa mine.
Australia-based Greenland Minerals and Energy Ltd (GME) stocks went up 10 per cent on the ASX from 58 cents to 64 cents on Monday, after the company announced it could start producing uranium on its Kvanefjeld property in Greenland.
A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly all of them want it. The same is true for oil, steel, copper... the list goes on.
Goldman Sachs Group forecast that commodities may rally 15% in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting Brent crude may surge to highest level since 2008.
A small group of protestors converged on Lynas Corporation’s annual general meeting in Sydney yesterday in opposition to the company’s rare earth refinery in Malaysia.
North American stock exchanges are on a tear today after central banks made more funds available to lenders, giving investors hope for a way out of the European debt debacle. The markets were also cheered by better than expected private sector job growth in the United States. The mining-heavy S&P/TSX Composite was up 2.5% to just over 12,000 at time of writing. The Dow Jones Industrial Average gained 384 points, or 3.3%, the most on a closing basis since Aug. 11, according to Bloomberg. Spot gold was up $32 from yesterday to $1747 which is just above the 20-day moving average of $1744, noted Kitco. Silver was up marginally to $32.86 from yesterday's $31.92, while benchmark copper was up more than 5% to a two-week high of $7,885/tonne. Zinc, lead, aluminum and nickel were also up from Tuesday.
Molycorp, Daido Steel, and Mitsubishi have formed a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB) permanent rare earth magnets, producing greater performance with less reliance on dysprosium.
According to Metals Economics Group’s (MEG) 22nd edition of Corporate Exploration Strategies (CES), the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion.
One of the more unique lots at Christie's Magnificent Jewels auction on November 29 in Hong Kong is likely to be a set of poker chips made by the Swedish artist and jeweller Kristian Ståhl. The 120 chips are made of 18K white gold and are set with a total of 5,160 calibrated top-quality diamonds, rubies and sapphires. But what makes the set truly unique is that each chip was sliced from the 1 million year old Muonionalusta meteorite that contains iron, nickel and rare earths. The set is estimated at $100,000 – $150,000 and Stahl said he was inspired to create it after his Siberian mammoth ivory dice sold well at auction last year.
Major Processing Design Improvements Boost Recovery of Critical Rare Earths at Pele Mountain’s Eco Ridge Mine Project
Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (“Pele” or the “Company”) today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides (“REO”), including neodymium, dysprosium and yttrium oxides, (Pele’s “Big 3 REO”) at its Eco Ridge Mine Rare Earths and Uranium Project (“Eco Ridge” or the “Project”) in Elliot Lake,Ontario.