Texas Rare Earth Resources Corp (OTCMKTS:TRER) on Wednesday reported results of an updated preliminary economic assessment (PEA) on its Round Top project in Sierra Blanca, Texas.
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Cowen and Company issued a Flash Note on Namibia Rare Earths Namibia Rare Earths (TSX:NRE,OTCQX:NMREF)
Namibia Rare Earths Inc. (TSX:NRE,OTCQX:NMREF) reported additional results from ongoing metallurgical test work on the Area 4 heavy rare earth deposit on the Lofdal Rare Earths Project in northwestern Namibia. Calibration tests confirmed potential of XRT sorting to achieve 50% mass reduction with 85-90% recovery of rare earths.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed its unaudited Condensed Consolidated Interim Financial Statements for the quarter and the nine month period ended September 30, 2013. The Company reported a decrease in loss before net finance income and income and mining taxes of $2.8 million (56%) compared to the previous quarter in 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed a preliminary short form prospectus of up to $16 million in Units comprised of Convertible Unsecured Debentures and Share Purchase Warrants of the Company. Orbite Aluminae also secured a binding subscription commitment for $40 million in additional Units in additional funding from Crede Capital Group, who has also agreed to purchase $10 million of Units under the Offering.
The Chemical Engineer reports that Quest Rare Minerals (TSX:QRM,NYSE:QRM) is planning on building a processing plant worth US$1.3 billion at its Strange Lake mine.
PR Newswire reported that U.S. Rare Earths, Inc., (OTCBB:UREE), with mining claims in Idaho, Montana, and Colorado, announced today an extension of its 2013 drilling and exploration program on its Last Chance Mine property.
Search Minerals (TSXV:SMY) and subsidiary Alterra Resources said today they have discovered 10 new prospects in the Port Hope Simpson rare earth district in Labrador. Search said the mineralization is similar to its Foxtrot project for which an updated preliminary economic assessment was filed in May.
Mkango Resources (TSXV:MKA) said on Monday that it has completed leach optimization test work, adding to an ongoing prefeasibility study on its Songwe Hill rare earth project in Malawi.