American Rare Earths says scoping study confirms potential of Wyoming project

The company called its discovery one of the largest rare earth elements deposits in the US.

The mixed rare earth carbonate from the facility will be introduced to the Lynas Malaysia plant commencing late in the March quarter.

This is a positive development for a nascent North American rare earths market and taps into the broader issue of the glaring lack of domestic production.

The existing standard to refine these strategic minerals is an expensive and dirty process that China has spent the past 30 years mastering.

The backing from the US International Development Finance Corporation brings its total investment in the Dublin-based firm to $105 million.

The Kingdom has been studying setting up the trading platform for the past three months and it does not expect a decision to be made before the next six.

India will also announce the acquisition of lithium blocks in Australia and Argentina in a month or two.

Yuxiao Fund, which owns a near 10% stake in Northern Minerals, wants chairman Nicholas Curtis removed as a director.

China exported small amounts of two minerals crucial to high-tech manufacturing in October.