Microsoft invests in Ontario-based rare earths recycling company
Cyclic has developed a patent-pending technology called CC360 to address the challenge of recovering rare earths contained in end-of-life hard drives.
Search Minerals, a mining and exploration company, is making plans for a rare earth elements mine on the southeast coast of Labrador.
The company, based in both British Columbia and Labrador, discovered the Port Hope Simpson Rare Earth Element District, a belt in the area about 70 kilometres long and up to eight kilometres wide.
Search Minerals president Greg Andrews said the company has received a preliminary economic assessment on its “Foxtrot” project, in the Fox Harbour area, to see if it’s economic to move into production.
“We believe that we can be financeable at a cost of $152 million. In the rare earth space, that’s quite a low number for an initial capital cost compared to other projects,” Andrews said.
Read more at CBC News
