The rare earth junior stands to benefit from the new law, which seeks to stockpile critical metals and reduce delays in permitting new mines.
But they are more likely to be pathfinder elements that indicate other minerals than stand-alone REE deposits, according to the Wyoming State Geological Survey.
Stans Energy rose 14 percent on Friday after a court ruled in its favor over a challenge to its exploration license.
Rare metal prices could be poised for a bounce, helped by strong demand from major customers and renewed investor interest.
Honda Motor Corp (NYSE:HMC) announced that together with TDK Corporation and Japan Metals & Chemicals Co., Ltd., they plan to pursue the reuse of a rare earth metal for use in magnets of new hybrid vehicle motors.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) entered into an offtake agreement with Glencore International AG, a subsidiary of Glencore Xstrata plc. The agreement is for the purchase of smelter-grade alumina from the Company's proposed smelter-grade alumina (SGA) plant in Quebec.
Innovation Metals Corp. announced that they have signed Letters of Intent with three leading rare-earth exploration and development companies for the toll processing of mixed rare-earth-element concentrates.
Ucore Rare Metals Inc. (TSXV:UCU) announced that support the legislative proposal being presented to the Armed Services Committee of the U.S. House of Representatives, which urges the U.S Department of Defense to seek alternative supplies of high priority strategic rare earth elements, in an effort to diffuse the Chinese monopoly on global supply.
Medallion Resources Ltd. (TSXV:MDL) President, Don Lay, spoke with Resource Investing News on how Medallion is currently looking to set up an independent processing plant in the Middle East.
Quest Rare Minerals (TSX:QRM) Vice-President of Investor and Corporate Affairs Anil Singh spoke with the Investing News Network during PDAC in Toronto on Quebec as an excellent mining jurisdiction because of its "rich mining history, favourable fiscal regime, and strong labour pool."
Orbite Aluminae (TSX:ORT) VP Corporate Development Marc Johnson spoke with the Investing News Network during PDAC 2013 in Toronto on local production of low-cost smelter-grade alumina in Gaspe, Quebec.
NioCorp Developments (TSXV:NB) President and CEO, Peter Dickie, spoke to the Investing News Network during PDAC in Toronto on Nebraska as a "hidden gem".
Decoded Science reported that there is some concern over rare earth metals production, in that their potential applications for defense could have political implications for national security.
Mineweb reported that a new round of more stringent crackdowns against illegal activity in the Chinese rare earth industry are being planned by China’s Ministry of Industry and Information Technology.
Radio New Zealand International reported that the Pacific Ocean is host to a vast resource of heavy rare earths in its seabed, and that, due to current market conditions, the time is right to extract them.
USGS reported that a new study Alaska that looks at how REE's form, could prove important in determining where to mine for them.