The U.S. is Investing Millions to Tackle China’s Global Dominance of Rare Earth November 23, 2020 - Baystreet.ca The U.S. is in a dire situation. For years we’ve been over-dependent on China for rare earth supply. However, that arrangement isn’t reliable, nor is it safe -- forcing us to look elsewhere. Making the situation far worse, China has threatened to withhold rare earth, well aware that if they choke supply, they rattle markets. It’s why the U.S. Department of Defense just invested more than $12.7 million in three American producers, according to the South China Morning Post. In fact, one of the top beneficiaries of that cash flow in MP Materials, which owns the Mountain Pas rare earth mine in California and would help fund the construction of new processing and separation facilities. After all, with China controlling 80% of global supply, their threats to disrupt supply are troubling. The news is creating excitement for Defense Metals Corp. (TSXV:DEFN)(OTCQB:DFMTF), Tesla Inc. (NASDAQ:TSLA), Texas Mineral Resource Corp. (OTC:TMRC), MP Materials (NYSE:MP), and Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR). Defense Metals Corp. (TSXV:DEFN)(OTCQB:DFMTF) BREAKING NEWS: Defense Metals Corp. is pleased to announce that it has commissioned SGS Canada Inc. to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company’s highly successful 26 tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020). Craig Taylor, CEO comments, “The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021.” Bench-scale hydrometallurgical test work finalized earlier this year and designed to inform operation of a large-scale hydrometallurgical pilot-plant, yielded ~ 90% TREE (Total REE) recovery from concentrate into a chloride-based leach solution, and production of a high-grade 67.5% TREE mixed hydroxide precipitate (see Defense Metals news release dated February 20, 2020). The recently commissioned fill-in test work will have the following objectives: - Increase overall REE extraction into high purity final REE precipitate. - Examine impact of recycling certain process streams on metallurgical performance. - Prepare for the operation of a hydrometallurgical pilot plant. Wicheeda REE Project The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO. Qualified Person The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Other related developments from around the markets include: Tesla Inc. (NASDAQ:TSLA) reported, “In the third quarter, we produced just over 145,000 vehicles and delivered nearly 140,000 vehicles. In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency. Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.” Texas Mineral Resource Corp. (OTC:TMRC) just reported, “Search Minerals Inc. and USA Rare Earth, LLC are pleased to announce that they have entered into a Technical Collaboration Framework Agreement to govern initial cooperation between USA Rare Earth and Search Minerals in a number of important areas of mutual interest. Search holds patented Direct Extraction Process technology and a 100% owned Critical Rare Earth Element District in SE Labrador, Canada. USA Rare Earth is establishing an integrated mine-to-magnet strategy independent of China, including funding and developing the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas.” MP Materials (NYSE:MP), the largest rare earth materials producer in the Western Hemisphere, announced the completion of its business combination with Fortress Value Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC. The combined company, MP Materials Corp., will begin trading on the New York Stock Exchange, November 18th, under the ticker symbol “MP”. MP Materials owns and operates Mountain Pass, an iconic American industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere and currently produces approximately 15% of global rare earth content. The market for separated rare earth elements is expected to see significant growth, as these materials are critical inputs for the magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and many other high-growth, advanced technologies. MP Materials’ integrated operations at Mountain Pass uniquely combine low production costs with best-in-class environmental standards, thereby restoring American leadership to a critical industry with a strong commitment to sustainability. Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR) is pleased to announce that the Company has produced a rare earth element carbonate concentrate on a pilot scale at its 100% owned White Mesa Mill, located near Blanding, Utah. This REE Concentrate was produced using existing infrastructure and technologies at the Mill from a sample of monazite sands from a North American source. Monazite sands are a valuable natural uranium ore, which also contain high concentrations of REEs. The Mill recovered the high concentrations of REEs in the monazite sands, in addition to the contained uranium which will be sold into the nuclear fuel industry. The REE Concentrate produced this weekend is of high purity and is ready to be sent to a separation plant and further downstream REE processing facility for final acceptance test work. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Defense Metals Corp. by a third party. We own ZERO shares of Defense Metals Corp. Please click here for full disclaimer. Contact Information: 2818047972 ty@LifeWaterMedia.com
The U.S. is Investing Millions to Tackle China’s Global Dominance of Rare Earth November 23, 2020 - Baystreet.ca The U.S. is in a dire situation. For years we’ve been over-dependent on China for rare earth supply. However, that arrangement isn’t reliable, nor is it safe -- forcing us to look elsewhere. Making the situation far worse, China has threatened to withhold rare earth, well aware that if they choke supply, they rattle markets. It’s why the U.S. Department of Defense just invested more than $12.7 million in three American producers, according to the South China Morning Post. In fact, one of the top beneficiaries of that cash flow in MP Materials, which owns the Mountain Pas rare earth mine in California and would help fund the construction of new processing and separation facilities. After all, with China controlling 80% of global supply, their threats to disrupt supply are troubling. The news is creating excitement for Defense Metals Corp. (TSXV:DEFN)(OTCQB:DFMTF), Tesla Inc. (NASDAQ:TSLA), Texas Mineral Resource Corp. (OTC:TMRC), MP Materials (NYSE:MP), and Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR). Defense Metals Corp. (TSXV:DEFN)(OTCQB:DFMTF) BREAKING NEWS: Defense Metals Corp. is pleased to announce that it has commissioned SGS Canada Inc. to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company’s highly successful 26 tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020). Craig Taylor, CEO comments, “The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021.” Bench-scale hydrometallurgical test work finalized earlier this year and designed to inform operation of a large-scale hydrometallurgical pilot-plant, yielded ~ 90% TREE (Total REE) recovery from concentrate into a chloride-based leach solution, and production of a high-grade 67.5% TREE mixed hydroxide precipitate (see Defense Metals news release dated February 20, 2020). The recently commissioned fill-in test work will have the following objectives: - Increase overall REE extraction into high purity final REE precipitate. - Examine impact of recycling certain process streams on metallurgical performance. - Prepare for the operation of a hydrometallurgical pilot plant. Wicheeda REE Project The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO. Qualified Person The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Other related developments from around the markets include: Tesla Inc. (NASDAQ:TSLA) reported, “In the third quarter, we produced just over 145,000 vehicles and delivered nearly 140,000 vehicles. In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency. Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.” Texas Mineral Resource Corp. (OTC:TMRC) just reported, “Search Minerals Inc. and USA Rare Earth, LLC are pleased to announce that they have entered into a Technical Collaboration Framework Agreement to govern initial cooperation between USA Rare Earth and Search Minerals in a number of important areas of mutual interest. Search holds patented Direct Extraction Process technology and a 100% owned Critical Rare Earth Element District in SE Labrador, Canada. USA Rare Earth is establishing an integrated mine-to-magnet strategy independent of China, including funding and developing the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas.” MP Materials (NYSE:MP), the largest rare earth materials producer in the Western Hemisphere, announced the completion of its business combination with Fortress Value Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC. The combined company, MP Materials Corp., will begin trading on the New York Stock Exchange, November 18th, under the ticker symbol “MP”. MP Materials owns and operates Mountain Pass, an iconic American industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere and currently produces approximately 15% of global rare earth content. The market for separated rare earth elements is expected to see significant growth, as these materials are critical inputs for the magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and many other high-growth, advanced technologies. MP Materials’ integrated operations at Mountain Pass uniquely combine low production costs with best-in-class environmental standards, thereby restoring American leadership to a critical industry with a strong commitment to sustainability. Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR) is pleased to announce that the Company has produced a rare earth element carbonate concentrate on a pilot scale at its 100% owned White Mesa Mill, located near Blanding, Utah. This REE Concentrate was produced using existing infrastructure and technologies at the Mill from a sample of monazite sands from a North American source. Monazite sands are a valuable natural uranium ore, which also contain high concentrations of REEs. The Mill recovered the high concentrations of REEs in the monazite sands, in addition to the contained uranium which will be sold into the nuclear fuel industry. The REE Concentrate produced this weekend is of high purity and is ready to be sent to a separation plant and further downstream REE processing facility for final acceptance test work. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Defense Metals Corp. by a third party. We own ZERO shares of Defense Metals Corp. Please click here for full disclaimer. Contact Information: 2818047972 ty@LifeWaterMedia.com