Newt Gingrich, presidential aspirant in the current Republican contest, wants to see a permanent moon base established by the second term of his presidency that could be used for space tourism and mining ventures.
Rare Earth Mining News
Global supplies of rare earth elements have been threatened ever since China imposed export quotas in mid-2010. In the aftermath, increased attention was drawn to potential producers like MolyCorp and Lynas Corporation, while the sector was viewed in need of a savior outside of China. Among the juniors aiming to join the fray, Medallion Resources has proposed a unique strategy to gain low-cost production in the very near term.
Innovation News Daily published an infographic of energy critical rare earth elements.
Reuters reports that Toyota has developed a technology to substitute rare earths used in its hybrid vehicles. The company, which has a strong lead in environmentally friendlier car sales around the world said it would be able to bring the technology to market within two years if REE prices don't fall.
The share price performance of those non-Chinese rare earth miners closest to production – Molycorp in the US, Australia's Lynas and Great Western Minerals in South Africa – is in stark contrast to what is happening to rare earth oxide prices, some of which have more than halved over the last three months.
Namibia Rare Earths (TSX: NRE) is pleased to announce that a 6,000 meter diamond drilling program has started with two drill rigs focused on the delineation of a first mineral resource from Area 4 on the Lofdal Rare Earth Project in northwestern Namibia. Concurrent with the drilling program, an induced polarization geophysical survey will be undertaken over prospective extensions of the favourable heavy rare earth-enriched structure emanating from Area 4. The drilling program is scheduled to be completed by the end of April with delivery of the NI 43-101 compliant mineral resource report in the third quarter of 2012.
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINKSHEETS:RAREF) announces that, subject to regulatory approval, it has granted 2,825,000 stock options to directors, officers, employees and consultants of the Company. These options will be exercisable at $0.17 for a period of five (5) years from the date of granting.
Success in the critical metals sector depends on finding the trends—how the metals will be used, where market share is allocated—and on familiarity with the companies you invest in, from who is on the management team to how much cash they have on hand.
Commodity markets face the “twin macro risks” of a European recession and a hard landing in China this year, according to Morgan Stanley.
HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 16, 2012) - Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) is pleased to announce results of reconnaissance sampling on the Company's extensive alluvial rare earths (REE) and tin multi-metal property holdings in the Ray Mountains area of central Alaska
Stans Energy Corp announced the submission of documentation for the licensing requirements to the Kyrgyz Government for the Kutessay II Heavy Rare Earth Deposit and the Kalesay Beryllium deposit, news agencies reported.
Elissa Resources ("Elissa" or the "Company") (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINKSHEETS:ELSRF) reports that drilling has commenced at its 100%- owned Thor heavy and light rare earth element (REE) project in Nevada. Multiple diamond core drill holes will initially target the Lopez Trend, a 1.6-mile (2.6-km) long REE-bearing monazite structure that is coincident with a prominent magnetic anomaly.
German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.
Limited supplies of five rare-earth minerals pose a threat to increasing use of clean-energy technologies such as wind turbines and solar panels, a U.S. Energy Department report found.
Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINKSHEETS:CANSF)(FRANKFURT:45C) is please to announce that it has entered into an option agreement to acquire approximately 5,500 contiguous acres prospective for Aluminous Clay and Rare Earths in the Gaspe Bay Region of Quebec, near Murdochville.
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 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.