ReElement Technologies achieves 99.9% pure samarium refining & secures $200M funding to rebuild U.S. critical minerals processing capacity. (read full article...)
ReElement Technologies Accelerates U.S. Rare Earth and Critical Mineral Refining Momentum
- Thread starter DOC
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The imbedded link: https://rareearthexchanges.com/news/critical-mineral-refining/
Raises much speculation: Where will ReE-Tech build such a refinery? Logically it would be near to a mine, So South Africa, Namibia, Malawi and Angola are currently the Prime candidates. However, Namibia's Lofdal project is already aligned with Japan's JOMEC, South Africa's Phalaborwa project suffers from BRICS / power supply issues and antisemitic attitudes, while Malawi's Songwe Hill is already well and truly in the Hypo-Mag camp.
Leaving Angola's Longonjo deposit, with its cheap ESG friendly and abundant Power supply. The US has already made a considerable investment in the Lobito corridor, while Angola has a US friendly and progressive Government. To cap it all off ReE-Tech already have an MOU with Pensana and will most likely be installing one of their modules at LJ to recover the Yttrium.
I suspect more clarity will be revealed at the upcoming Critical Minerals Summit in Cape Town on the 9th February.
Raises much speculation: Where will ReE-Tech build such a refinery? Logically it would be near to a mine, So South Africa, Namibia, Malawi and Angola are currently the Prime candidates. However, Namibia's Lofdal project is already aligned with Japan's JOMEC, South Africa's Phalaborwa project suffers from BRICS / power supply issues and antisemitic attitudes, while Malawi's Songwe Hill is already well and truly in the Hypo-Mag camp.
Leaving Angola's Longonjo deposit, with its cheap ESG friendly and abundant Power supply. The US has already made a considerable investment in the Lobito corridor, while Angola has a US friendly and progressive Government. To cap it all off ReE-Tech already have an MOU with Pensana and will most likely be installing one of their modules at LJ to recover the Yttrium.
I suspect more clarity will be revealed at the upcoming Critical Minerals Summit in Cape Town on the 9th February.