MP Materials said on July 10 that it has reached a multi-billion dollar public-private partnership agreement with the US Department of Defense. The deal will make the US Department of Defense the company’s largest shareholder after acquiring preferred shares worth $400 million.
MP Materials reaches multi-billion dollar deal with US Department of Defense Read More »
The Indian government is planning to offer an incentive package of up to 25 billion rupees ($290 million) to private companies that produce rare earth magnets, according to people familiar with the matter.
India plans to incentivize rare earth production Read More »
Ramaco Resources has recently received positive preliminary economic assessment results from Fluor Corporation, confirming the commercial and technical feasibility of its Brook Mine rare earth deposit.
On June 26, Atlantic Strategic Minerals (ASM) announced that its mining and mineral processing plant in Virginia has officially entered commercial production.
Tomngat Metals said on June 17 that it had received $165 million in government funding (about $120 million)
Tomngat Metals’ Strange Lake rare earth project receives $120 million in financing Read More »
According to Reuters, the U.S. Export-Import Bank (EXIM) said that Critical Metals Corp. has met the initial requirements for a $120 million loan with a term of 15 years to finance the company’s Tanbreez rare earth project in southern Greenland.
India has asked state-owned mining company Indian Rare Earths (IREL) to suspend a 13-year-old rare earth export agreement to Japan and guarantee domestic rare earth supply, two people familiar with the matter told Reuters recently,
India takes steps to protect rare earth resources and stops exports to Japan Read More »
Cycic Materials, a startup backed by Amazon and Microsoft, is investing $25 million to build a rare earth recycling plant and research center in Kingston, Ontario.
Cycic Materials to build rare earth recycling plant in Canada Read More »
