A 2014 Preliminary Economic Assessment concluded that the Lofdal project has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides.
“We’ve been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn’t clear just how quickly demand will accelerate.”
NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.
