“We are currently producing commercial-scale quantities of a rare earth material that is more advanced than any other company in the US,” says CEO.

The Elk project began production last fall and is currently undergoing resource expansion drilling.

Prices rallied to their highest since July 2007 while nickel surged nearly 8%, on worries over supply shortages.

After NGM, the company is the largest holder of gold resources in central Nevada.

The Fruta del Norte mine produced 121,665 oz. of gold, a 16.8% improvement over Q1 2021.