Ucore Rare Metals recently announced that the US Department of Defense has approved modifications to the Company’s existing Other Transaction Agreement and the corresponding payment of US$1.8 million for the completion of milestones under the Award. […]
Startup recycler Cyclic Materials is stepping out to commercial operation with the opening of its first-phase plant in Canada and two new supply chain deals – one with Solvay in Brussels and another with Vacuumschmelze of Germany who has a new magnet plant now under construction in the USA.
In early June, the Toronto-based company opened its Hub100 plant in Kingston, Ontario. The plant is the first scaled version of Cyclic’s hydrometallurgical technology, REEPure, and is positioned to demonstrate the feasibility of the technology at a commercial scale. The plant has a design capacity to recycle 100 tons of magnetic material per year, producing recycled mixed rare earth oxides (rMREO) that can be reused in the rare earth magnet supply chain, as well as nickel and cobalt hydroxides. […]
Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October. […]
Lynas Rare Earths Ltd has announced that wholly owned subsidiary Lynas USA LLC has signed a follow on contract with the United States (U.S.) Department of Defense (DoD) for the construction of the Heavy Rare Earths component of the Lynas U.S. Rare Earths Processing Facility in Texas. […]
The U.S. Department of Justice has issued an indictment against Quadrant Magnetics LLC and three individuals who have been arrested for allegedly sending to China technical data drawings related to U.S. military projects and then supplying the Department of Defense with prohibited Chinese-origin items. The indictment was unsealed November 9 following the arrest of three defendants and their initial appearances in the U.S. District Court in the Western District of Kentucky. […]
The American subsidiary of Australian-based Lynas Rare Earths has been awarded a follow-on contract for approximately $120 million by the U.S. Department of Defense (DoD) to establish a first of its kind commercial heavy rare earths (HRE) separation facility in the United States. […]
By Nicole Heins, Senior Conference Producer for Space Tech Expo USA […]
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