The Elements of Innovation Discovered
The Elements of Innovation Discovered
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StartUs Insights, a global data science company that specializes in technology startup companies, recently named its top five artificial intelligence mineral exploration startups. AI and machine learning are showing the potential to improve the success of utilizing increasingly large and complex datasets needed to identify economically viable sources of ore that are become scarcer and deeper in the earth. Mineral exploration involves the collection, processing, and...
A pair of Texas congressmen, Republican Lance Gooden and Democrat Vicente Gonzalez, have introduced the Reclaiming American Rare Earths Act, bipartisan legislation aimed at reducing America's dependence on China for rare earth elements and other critical minerals. The United States depends on foreign countries for more than 50% of its supply of 31 of the 35 minerals considered critical to the nation's economic wellbeing and national security, including 100% import-reliant for...
Group 11 Technologies Inc., a US-based company developing a means of dissolving metals while they are still underground and pumping the metal-rich solution to the surface, has officially been launched. Given its name refers to the Group 11 elements on the periodic table – copper, silver, and gold – these coinage metals are likely the primary targets of the newly formed private company. Group 11 is a partnership between enCore Energy Corp., EnviroLeach Technologies Inc., and...
Canada's first commercial rare earth processing facility is expected to be operational in Saskatchewan by 2022. The government of the central Canadian province announced it is investing C$31 million in a facility with the ability to both concentrate ore and separate the concentrates into individual rare earth elements. This will help to establish a rare earth supply chain in Saskatchewan and form a model for future commercialization of the province's rich REE resource...
TerraPower, a nuclear innovation company co-founded by Bill Gates, and GE Hitachi Nuclear Energy are developing a hybrid nuclear reactor and energy storage system specially designed to be integrated with renewable energy dominated power grids. While conventional nuclear power plants are excellent at delivering large and steady loads of carbon-free electricity into a power grid, they are not good at shifting their output to offset fluctuating outputs from solar and wind....
The U.S. Nuclear Regulatory Commission completed the final review phase of the design for NuScale Power's groundbreaking small modular reactor. This is a major milestone that provides customers with the surety that the safety aspects of the NuScale small modular reactor design has been approved by the Nuclear Regulatory Commission, which allows them to move forward with plans to develop these small nuclear plants. "This is a significant milestone not only for NuScale, but...
