Understanding the rare earth markets can be as confusing as pronouncing the various names of the metals. Made up of 17 different elements, ‘rare earths’ are not actually all that rare in the earths crust. However, the economic viability of the processing of ore make them one of the least mined substances in the world. Understanding the different elements and their uses is essential for taking advantage of this growing market.
IBC Advanced Alloys (IBC) is a vertically integrated Vancouver based company, with a focus on advanced alloys and rare metals, specifically beryllium. The Company has three 100% owned manufacturing divisions Beralcast Corporation, Freedom Alloys Inc., and Nonferrous Products Inc., all based in the United States. IBC also owns 100% of several mineral properties located in Utah, Colorado and Brazil.
As China severely reduces export quotas, the rest of the world is waking up to the reality of finding new sources for rare earth elements. This is a breakdown of some of the rare earth projects being developed outside of China.
Medallion Resources (CVE:MDL) reports that it has closed its non-brokered unit private placement. Each Unit consists of one common share and one transferable common-share purchase warrant (a “Warrant”). Each Warrant can be exercised to acquire one common share at an exercise price of $0.25 for a period of 36 months from closing of the Offering (12 [...]
Prices may be on the move for rare earth elements as China restricts export quotas by 72 percent. Controlling 95 percent of the world market, the drastic reduction to exports will choke the supply of the materials for world consumption. Also, the Chinese are considering making a transparent, negotiation based pricing system.
Commerce Resources reports that its JV partner Canadian International Minerals (CNSX: CIN) has reported on an update on exploration activities at the Carbo project, northeastern British Columbia. Carbo Project is located in the emerging Wicheeda rare earth carbonatite camp approximately 80 km northeast of Prince George and consists of seven claims totalling an area of 2,778.63 hectares. The Wicheeda [...]
Quantum Rare Earth Developments Corp. (CVE:QRE) reports its plans for the 2010 exploration program at the Archie Lake Rare Earth Property, northern Saskatchewan. The 2009 exploration confirmed mineralization in all trench and pit locations with one chip sample returning a peak value of 29.9% TREE (total lanthanides and yttrium) (Semi-Quantitative Analysis). A total of five samples [...]
At the halfway point, 2010 has not been kind to junior rare earth companies, many of which have watched their stock prices fall. But, with China restricting exports interest in developing new resources is growing.
Medallion Resources Ltd. reports that it has added 2 additional mineral licences to its existing Red Wine heavy-rare-earth-element exploration property. These new mineral licenses cover important key areas of the well-known northern Red Wine peralkaline intrusion, which is known to contain eudialyte, a mineral widely expected by experts to eventually supply a significant portion of the world’s heavy-REE [...]
Stans Energy Corp reports it has received proceeds of $2,000,000.00. On May 1, 2010, the 20 day volume weighted average price (“VWAP”) of Stans common stock surpassed $0.15 per share, triggering the acceleration of the warrants. Participants in the December 1, 2009 financing elected to exercise their 20,000,000 warrants, at the agreed exercise price of $0.10 [...]
Tuesday, August 3, 2010