#RareEarth Elements and #GreenTechnology (TSX: $DEFN.V) (OTCQB:
$DFMTF) (OTC: $LYSCF) (NASDAQ:$AREC) (OTCQB: $TMRC) (TSX: $NB.TO) (OTCQX:
$NIOBF) @DefenseMetals @TexasMineralRes @LynasRareEarths @NioCorp
@Amerresources
Our #GreenEnergy
#Technology Future is in Its #Mining
Vancouver,
Kelowna, Delta, BC –September 8, 2022 - Investorideas.com, a
leading investor news resource covering mining and rare earth element stocks
releases a special report on the rare earth elements market and the global
demand for green energy technology including defense, electronics and batteries, featuring Defense Metals Corp. (TSX-V:
DEFN) (OTCQB:
DFMTF).
Read this article,
featuring DEFN in full at https://www.investorideas.com/news/2022/mining/09081REE-Green-Stocks.asp
As
per The
Business Research Company's "Rare Earth Metals Global Market Report 2022”, the
rare earth metals market size is expected to grow from $5.72 billion in 2021 to
$6.53 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The
global rare earth metal market share is expected to grow to $9.65 billion in
2026 at a CAGR of 10.3%. According to the rare earth metals market analysis, an
increase in the demand for electronics is expected to serve as a major driver
of the market in the forecast period.
Defense
Metals Corp. (TSX-V:DEFN) (OTCQB:DFMTF) is a
mineral exploration and development company focused on the acquisition,
exploration and development of mineral deposits containing metals and elements
commonly used in the electric power market, defense industry, national security
sector and in the production of green energy technologies, such as, rare earths
magnets used in wind turbines and in permanent magnet motors for electric
vehicles.
Defense
Metals recently announced that it
has entered into a Mineral Exploration Agreement with the McLeod Lake Indian
Band regarding its Wicheeda Rare Earth Element exploration project located 80
kilometres northeast of Prince George, Canada.
The Agreement
addresses the immediate interests of the parties with respect to mineral
exploration activities related to the project, and puts into place a framework
for communication and cooperation going forward. In addition to providing
McLeod Lake Indian Band with meaningful input into how these activities are to
proceed, the Agreement provides current economic opportunities for the
community and establishes a roadmap for potential future commercial involvement
as the exploration activities advance.
“We are delighted
to have the McLeod Lake Indian Band engaged with Defense Metals and the
opportunities presented by the Wicheeda exploration project,” said Craig
Taylor, CEO of Defense. “We look forward to building a long-term and mutually
beneficial relationship with the McLeod Lake Indian Band through the
implementation of this initial agreement.”
“McLeod Lake Indian
Band has always been open to working with companies that respect our rights, laws
and interests in the protection of our lands, and that provide meaningful
economic and commercial opportunities for our community,” said Chief Harley
Chingee. "We are therefore pleased to have completed this initial
agreement with Defense Metals, and look forward to its successful
implementation."
The Wicheeda REE
Project yielded a robust 2021 PEA that demonstrated an after-tax net present
value (NPV@8%) of $517 million, and 18% IRR1. A unique advantage of the
Wicheeda REE Project is the production of a saleable high-grade
flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per
year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed)
strip ratio over a 19 year mine (project) life producing and average of 25,423
tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill
feed) would yield rapid access to higher grade surface mineralization in year 1
and payback of $440 million initial capital within 5 years.
Earlier in June, Texas Mineral Resources Corp. (OTCQB:
TMRC) an exploration company currently targeting the heavy
rare earths, technology metals and a variety of industrial minerals primarily
through its 20% ownership interest in the Round Top Mountain project in Texas, reported
that its joint venture partner USA Rare Earth Inc.
announced its procurement and development of the first fully integrated
US-based rare earth metal and sintered neo-magnet manufacturing facility,
located in Stillwater, Oklahoma.
USA Rare
Earth plans to invest more than $100 million in developing the manufacturing
facility and will utilize its owned facilities and technology to convert rare
earth oxides into metals, magnets and other specialty materials. These products
have numerous applications, including electric vehicles, wind turbines, mobile
electronic devices and military hardware. Initial production at the facility in
Stillwater is expected to commence in 2023, with the project aiming to create
more than 100 new jobs and generate over $6.6 million in wages once fully
operational.
In 2020,
USA Rare Earth acquired the only sintered neo-magnet manufacturing equipment in
the western hemisphere. The company plans to have the necessary operating
permits for all metal, flake, and magnet operations in 2022 with initial
production to commence in 2023.
Texas
Mineral Resources Corp.'s primary focus is to develop and commercialize, along
with its joint venture operating partner USA Rare Earth LLC, the Round Top
heavy-rare earth, technology metals, and industrial minerals project located in
Hudspeth County, Texas, 85 miles southeast of El Paso, in which TMRC owns a 20%
interest and USA Rare Earth owns an 80% interest. Additionally, the Company
plans on developing other domestic mining projects in more traditional
metals.
Lynas Rare Earths (OTC:LYSCF) (ASX:LYC) was
established as an ethical and environmentally responsible producer of rare
earth materials and is the world’s only significant producer of separated rare
earth materials outside of China.
The
Lynas Mt. Weld mine in Western Australia is acknowledged as one of the world’s
premier rare earths deposits.
The
Company just announced the
signing of agreements with Japan Australia Rare Earths B.V.) which reconfirm
our shared commitment to work together on future development opportunities.
JARE is
a special purpose company established by Japan Oil, Gas and Metals National
Corporation
and Sojitz Corporation. Lynas and JARE are parties to a long term senior
loan
facility, with a principal balance of US$141 million, an interest rate of 2.5%
p.a. and
a
maturity date of 30 June 2030.
Under
the agreements, JARE will provide a contribution of US$9 million to the exploration
program at Mt Weld on the exploration target in the fresh carbonatite below the
current Mt Weld life of mine design and ore reserve (announced on 1 March
2022). JARE’s contribution will be made through a US$9 million subscription for
ordinary shares in Lynas at a subscription price which will be the higher of
the 5-day volume-weighted average price (VWAP) in the period immediately
following this announcement and the last traded price immediately prior to this
announcement.
Lynas’
rare earth materials are used in many high tech and future facing applications,
including electronics, wind turbines and hybrid & electric vehicles.
NioCorp Developments Ltd. (TSX: NB) ( OTCQX: NIOBF),
another player in the sector announced this week that its demonstration-scale processing plant
in Quebec, Canada is now processing ore samples from the Company's Elk Creek
Critical Minerals Project. The
demonstration plant project is intended to demonstrate that the Company can
extract and separate rare earth elements from ore that NioCorp expects to mine
from the Project site, subject to receipt of necessary project financing, and
that its simplified process for potentially producing niobium, scandium, and
titanium is technically and economically feasible.
NioCorp
is developing a critical minerals project in Southeast Nebraska that will
produce niobium, scandium, and titanium.
The Company also is evaluating the potential to produce several rare
earths from the Project.
Discussing
their applications the company says, “Niobium is used to produce specialty
alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a
lighter, stronger steel used in automotive, structural, and pipeline
applications. Scandium is a specialty metal that can be combined with Aluminum
to make alloys with increased strength and improved corrosion resistance.
Scandium is also a critical component of advanced solid oxide fuel cells.
Titanium is used in various lightweight alloys and is a key component of
pigments used in paper, paint and plastics and is also used for aerospace
applications, armor, and medical implants.
Magnetic rare earths, such as neodymium, praseodymium, terbium, and
dysprosium are critical to the making of Neodymium-Iron-Boron
("NdFeB") magnets, which are used across a wide variety of defense
and civilian applications.”
American Resources
Corporation (NASDAQ:AREC), a next generation and socially responsible supplier of rare
earth and critical elements, carbon and advanced carbon materials to the new
infrastructure and electrification marketplace, reported at the end
of August that it has sold its exclusive patent
rights in carbon nanostructure and graphene technology to Novusterra Inc. for
$16 million paid in all Class A common Novusterra shares.
From the news: Mark Jensen, Chief Executive Officer of American Resources
Corporation commented, "We believe this transaction with Novusterra will
enable us to unlock the value of these technologies for American Resources'
shareholders as well as establish a platform and team for growing the business
opportunity and maximizing the value of the technologies themselves. Graphene
is one of the most exciting technologies in the market today given its wide
array of applications in high-value products such as batteries and sustainable
infrastructure materials.”
With a combination of media hype and consumer and investor
demand for a more green-friendly technologically dependent economic environment,
the rare earth elements sector is poised for exponential growth.
As we see more rare earth mining development announcements, and
as these companies begin to reach profitability, we are also seeing investor
sentiment gain long-term resilience as this market transitions from a
hypothetical state into reality in our modern lives. If we want technology to
advance hand-in-hand with a green future, the rare earth elements sector will
play an integral role.
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