Viridis claims ‘world record’ in rare earth recovery at Colossus
The company stated that it has achieved the highest overall bulk ionic recoveries globally, with rates as high as 67%, in its Colossus project in Brazil.
The accident took place on Jan 26, 2023 at the Diavik mine, which is located about 200 km (125 miles) south of the Arctic Circle in the Northwest Territories.
The nickel market has been thrown into chaos after a flood of new supplies from Indonesia — the result of huge Chinese investment and major technological breakthroughs.
The Australian Financial Review suggests the two companies may be in talks to merge, potentially forming the world's largest non-China producers of rare earths.