rareearthstocks
Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) announced the appointment of Debra Bennethum, formerly of General Motors (GM) (NYSE:GM), as director of critical minerals and strategic supply chain. According to a Monday (June 17) release, Bennethum brings extensive expertise from her tenure at GM, where she worked to ensure secure supply of key EV materials, including rare earths and critical battery minerals. Her role included finding and vetting suppliers, as well as leading negotiations for long-term supply deals. Bennethum also managed investment projects worth over US$1.5 billion, forging strate...
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After three years of exploration, Rare Earths Norway announced the discovery of Europe's largest rare earths deposit at the Fen carbonatite complex in Telemark County, Norway. The find is expected to reshape the supply landscape for these critical materials in the region. Rare Earths Norway unveiled a maiden mineral resource estimate for Fen on June 6. It shows that the complex hosts 559 million metric tons (MT) of mineralized material at 1.57 percent total rare earth oxides. This translates to approximately 8.8 million MT of total rare earth oxides, with an estimated 1.5 million MT of magnet-...
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The geopolitical landscape is shifting, and African nations, particularly resource-rich countries like Malawi, are becoming vital to the global supply chain of rare earth metals, according to Lloyd Kaiser, CEO of Australia-based DY6 Metals (ASX:DY6). Countries such as the US are aiming to diversify their sources of critical minerals and reduce their reliance on China by enhancing relations with African countries. “Africa offers a lot — it's rich in critical materials and could also help secure supply," Kaiser said, commenting on calls for the US government to build stronger trade relationships...
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Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF) announced it has received conditional approval for up to US$300 million in debt financing for its Nolans project from Export Development Canada (EDC). Located in Australia's Northern Territory, Nolans is a rare earths mining and processing operation focusing on the production of neodymium and praseodymium (NdPr). These elements are critical for manufacturing the permanent magnets used in electric vehicles, wind turbines and a variety of other high-tech applications. Arafura is aiming to secure a total of US$775 million in senior debt funding to adva...
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