NioCorp Up 15 Percent on Offtake Agreement With ThyssenKrupp

NioCorp Up 15 Percent on Offtake Agreement With ThyssenKrupp

NioCorp Developments has been busily putting out great drill results this year, and released an updated resource estimate for its Elk Creek niobium deposit this fall. However, the company had good news of a different nature on Monday — it's secured an offtake agreement with Germany-based commodities trading company ThyssenKrupp Metallurgical Products.

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Tasman Acquires Two Chromite Projects in Finland

Tasman Metals Ltd. (TSXV:TSM) has entered into an agreement with Kipu Metals Corp. under which the company will acquire a 100-percent interest in a portfolio of stratiform chromite projects in Northeastern Finland.

Beatrice City Council Approves Funds for Rare Earth Salts

The Beatrice City Council has approved requests totaling $326,800 in LB840 funds, made on behalf of Rare Earth Salts, a start-up company hoping to launch a pilot program in Beatrice next year.

US Rare Earths Announces Reverse Stock Split and Ticker Change

US Rare Earths Inc. (OTCQB:UREE) has implemented a 1-for-3 reverse split of its common stock, effective at the close of trading on Tuesday, December 16, 2014 and in effect for trading on a split-adjusted basis on Wednesday December 17, 2014.

Stormcrow Capital Sees Arafura Resources as Poised to Grow

A research note from Stormcrow Capital took a look at Australia's Arafura Resources (ASX:ARU) and the company's advanced feasibility stage Nolans rare earths project. Giving the company a "positive" rating and a target price of $0.35, the analysts saw the deposit at Nolans as "one of the largest and lowest risk REE deposits in the world." Arafura was trading around $0.044 on Monday.

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More Consolidation of Chinese Rare Earths Producers

China Tibet online reported that in the most recent developments regarding consolidation of the rare earths industry in China, Baogang Rare Earth Group announced it would change its name to China North Rare Earth Group Co. Ltd after making "significant progress" merging with five smaller companies in north China's Inner Mongolia Autonomous Region and Gansu Province.

USGS says Countries in Need of Non-Chinese REE Supply

A recent report from the US Geological Society has reiterated the importance of finding rare earth element supplies outside of China, especially for countries dependent on new technologies. According to Mineweb, countries such as Japan, the US and members of the European Union are trying to encourage the discovery and development of rare earth deposits outside of China.

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