The EU is under growing pressure from businesses to foster the investment needed to build a sustainable economy and ensure access to key raw materials.
Revival Gold's PEA outlined 72,000 ounces of gold per year at all-in sustaining costs of $1,057 for the initial seven years of mine life at the brownfield site.
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.
CEO Sebastien de Montessus said his priority now is to show shareholders he is committed to organic growth in six core gold mines across Ivory Coast, Senegal, and Burkina Faso.