Materials/Manufacturing

Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC 

Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]

Materials/Manufacturing

Energy Fuels Builds NdPr Momentum, Allies with Posco to Create Non-China Rare Earth Magnet Supply Chain 

Uranium producer Energy Fuels is rapidly building momentum to become a significant supplier of processed magnetic rare earths in the U.S. Headquartered in the Denver suburb of Lakewood, Colorado, it has notched important progress on […]

Materials/Manufacturing

Energy Fuels Roars Ahead in Rare Earths Production from Uranium Ore 

Uranium mining company Energy Fuels, riding a wave of high prices for its radioactive ore, has commissioned its mill in White Pass, Utah to add commercial production of neodymium praseodymium as a secondary product. With two new deals tapping properties in Australia and Madagascar, and a key executive appointment, the company is advancing further toward becoming a significant supplier of processed magnetic rare earths in North America. […]

Materials/Manufacturing

Magnetic Materials Producers Report Impact of Rare Earth Price Declines 

Recent declines in prices for rare earth magnetic materials are evident in the latest financial reports of leading producers, with the impact varying by their activities and positions in the market. This article deals with the quarterly reports for the three months ended June 30 which have been issued by three companies – MP Materials, Neo Performance Materials and Lynas Rare Earths.  […]