China’s grip on rare earths undercuts projects from US to Japan
A slump in prices since 2022 is undermining the business case for rare earth projects.
Great Western Minerals Group (CVE:GWG,OTC:GWMGF) announced 2010 exploration results from the Saskatchewan-based Douglas River Rare Earth Project.
The press release is quoted as saying:
During the 2010 exploration program, geological mapping on the Beatty claim discovered a new showing named the Helipad showing. Like the historic showing, the mineralization is concentrated in porous sandstone channels within the Athabasca Sandstone in a parallel, north-south structure 50 m to the west of the original discovery.