Canada's first rare earths producer is processing ore from its Nechalacho operation in the Northwest Territories, where mining commenced in mid-2021.

The European Raw Materials Fund is due to start with around $2 billion.

Current JORC resource at La Paz has the potential to be one of the largest rare earths projects in North America, company says.

The facility is expected to be located within an existing industrial area on the Gulf Coast of the state of Texas and targeted to be operational in financial year 2025.

China, the world’s biggest producer of magnet rare earth oxides could stop exporting the group of minerals within the next decade due to increasing domestic demand and a shortage in global supply.

Province holds the largest lithium reserves in Canada and nearly half of the lithium projects currently underway.

NioCorp is testing a reworked mineral processing flowsheet for its Elk Creek rare earth elements (REE) project.

President Joe Biden authorized the Defense Production Act to increase battery metals production and reduce the country’s reliance on China and Russia.