Articles Tagged "Great Western Minerals"

Will Rare Earth Prices Fall by 2013?

Goldman Sachs released an assessment of the rare earth market that predicts rare earth prices may fall by 2013 due to supply being brought online by the likes of Molycorp and Lynas Corp. However, many familiar with the complexity of the rare earth processing don’t share the same view.

Japanese Funding of Lynas Corp. Wins Approval

The financing deal between Japanese trading house Sojitz Corporation, and rare earth mining company Lynas Corp of Australia recently won the approval of the country’s Foreign Investment Review Board. The deal worth $325 million will help develop the Lynas’ Mt. Weld deposit.

Rare Earth Element Mining Roundup

Much news has been made about China’s controls of rare earth exports. As those events effect the pricing of the 17 elements that make up the rare earth block, mining juniors around the world are rushing to secure promising rare earth deposits. Here’s a look at companies recently in the news.

An End in Sight for Chinese Dominance over Rare Earths

Companies are looking to develop electric motors with a reduced percentage of rare earth oxides, after a turbulent market sparked by Chinese trading policy destabilized the market and influenced prices. Investments in new rare earth mines will provide non-Chinese REE’s to fill in supply gaps.

Rare Earth Elements Vital For US Defense and Economy

The ‘RESTART’ Act proposed in the US congress is aiming to reduce America’s dependence on China for the supply of rare earth elements vital for US weapons and defense industries as well as electronics and green technology companies. The bill seeks to assist mining and processing operations, as well as create a strategic stockpile of various rare earth elements.

Great Western Minerals Signs Agreement With Rare Earth Extraction

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) and Rare Earth Extraction Co. Ltd. of Stellenbosch reported that they have entered into an exclusivity agreement that allows both companies to continue to move forward on their plans to jointly bring the former operating Steenkampskraal Mine back into production.

Great Western Minerals updates on LOI

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) reported that, at the request of Toyota Tsusho Corporation(Tokyo Stock Exchange - "8015T"; Nagoya Stock Exchange - "8015NG"), the company has extended the expiry date of the non-binding letter of intent.