The firm’s primary listing could come into focus due to a lack of shareholder support for a plan to split off its coal business and list it separately in New York.

The manufacturing facility would have the capacity to produce approximately 1,000 tonnes of NdFeB magnets per year.

A host of positive drivers have pushed up bullion by around 14% since the middle of February.

The combined company would have 15 production sites across the United States, Canada and Mexico.

The Japanese firm has agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle for approval in a US election year.

Last June, the commodity trading giant made its first investment in the critical minerals explorer.

The car has run for over 1,000 miles between Cumberland and its Alicia Harbor facility In Pennslyvania.