Vital Metals pivots to Nechalacho permitting as Saskatchewan plant costs double
The company announced it will defer completing the facility's rare earth hydrometallurgical leaching, purification and rare earth precipitation circuits until 2024.
Biden plans to allow mines that produce EV metals to be developed under existing environmental standards, rather than face a tightened process that would apply to other materials.
Prices for some rare earths in China, such as praseodymium-neodymium, have spiked to multi-year highs this year amid strong demand from the electric vehicle sector.