Time to tackle rare earths toxic underbelly

The company will use the funding to build a $13 million facility in Exeter, New Hampshire, that can produce 200 metric tons of rare earths annually.

Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.

The Halleck Creek project was named last year as one of the world’s top 10 rare earth projects.

Protectionism is rising across 72 nations as governments vie for critical minerals, Verisk Maplecroft research shows.