Molycorp Inc. (NYSE:MCP) announced yesterday its financial and operating results for the fourth quarter of 2013 as well as for the year as a whole, commenting that for the entirety of 2013, its sales volume came to 13,118 metric tons, up 42 percent from the previous year.
Rare Earth Company News Directory
Avalon Rare Metals Inc. (TSX:AVL, NYSE MKT:AVL) is pleased to announce that it has entered into an agreement with Solvay, where by Solvay will process Avalon's rare earth concentrate into pure rare earth oxides for an anticipated period of 10 years from the start of deliveries to Solvay's rare earth separation and refining plant located in La Rochelle, France.
Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) provided an update on its operations. The Company’s current focus is on securing monazite feed for its proposed Oman facility, and continues to work with both Arab Mining Company and Takamul Investment Company to investigate the establishment and investment in a monazite-based rare-earth processing facility in the industrial city of Duqm, Oman.
Geomega Resources Inc. (TSXV:GMA) signed an engagement letter with Industrial Alliance Securities Inc. for a private placement of $3,015,000 consisting of 3,333,333 units at a subscription price of $0.60 per Unit and 1,450,000 flow-through shares, at a price of $0.70 per Flow-Through Share.
Mining Weekly reported that pilot-scale testwork at Northern Minerals Ltd.'s (ASX:NTU) Browns Range project, located in Australia's Northern Territory, has delivered "excellent" heavy rare earth oxide (HREO) recovery. It also confirms "two simple and robust flowsheet options."
Mining Weekly reported that Alex Andersson, CEO of Ferminore (Pty) Ltd., said that the completion of the prefeasibility study for the Limpopo-based Glenover rare earth project shows that Glenover Phosphate (Pty) Ltd., the project's operator, has the potential to become a low-cost fertilizer and rare earth oxide producer.
Geomega Resources Inc. (TSXV:GMA) released results of tests confirming physical separation of neighbour rare earth elements based on free flow electrophoresis technology. This series of tests concluded simultaneous separation of selected heavy REE and light REE, and separation of neighbour REE such as Dysprosium/Terbium and Neodymium/Praseodymium. The tests also show that the free flow electrophoresis technology attains multicomponent separation of REE in a single pass.
Ucore Rare Metals Inc. (TSXV:UCU,OTCQX:UURAF) released a statement on an initiative that could see the Alaska Industrial Development and Export Authority (AIDEA) provide up to $145 million worth of bond funding for the company's Bokan-Dotson Ridge rare earth project.
Learn more about GéoMégA Resources Inc.'s (TSXV:GMA) Montviel property and proprietary REE physical separation process.
Terramin Australia Ltd. (ASX:TZN) announced that it has discovered "significant" rare earth element (REE) mineralization at its Kapunda-Truro project, located in South Australia. High REE levels have not been identified at the project before.