The Elements of Innovation Discovered
The Elements of Innovation Discovered
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With the recent completion of a $50 million financing, USA Rare Earth LLC has the funds to take major strides toward executing its rare earths mine-to-magnet strategy in the United States. At the front end of this strategy lies the Round Top heavy rare earths and critical minerals project in Texas, which USA Rare Earth recently exercised its option to acquire an 80% joint venture interest in from Texas Mineral Resources Corp. Situated in the Texas desert about 85 miles...
Seeking to bolster America's critical mineral supply chain, Sen. Lisa Murkowski, R-Alaska, has introduced legislation that tackles the notoriously long permitting process in the United States. "America's reliance on foreign countries for the production and recycling of our critical minerals is a vulnerability to our national security, a disadvantage to our economy, and a hindrance to our global competitiveness. Unfortunately, the current federal permitting and review process...
The American clean energy revolution envisioned by the Biden administration is going to require a massive supply chain upgrade – from the mines feeding rare earths, battery metals and other materials into the front end, to the manufacturers that will utilize these mined materials to build the electric vehicles and renewable energy infrastructure needed for a low-carbon future. In a move that demonstrates the newly elected administration's hopes that a transition to l...
Geomega Resources Inc. has entered into a preliminary agreement to recycle rare earths from a neodymium-iron-boron magnet production facility Everwin Magnetics Co. is developing in Ontario, Canada. Everwin is a subsidiary of Forte Mobility Co., a private company established in 2019 to design and manufacture customized electric buses and vans for public transit agencies and fleet customers in North America. Toward this goal, the company recently acquired a 435,659-square-foot...
Seeking to alleviate the United States' heavy reliance on China for its supply of the rare earth elements needed for a broad range of high-tech applications, Ucore Rare Metals Inc. has rolled out a strategy to begin producing REEs in Alaska in three years. Dubbed Alaska2023, this business plan aims to build the Alaska Strategic Metals Complex, a commercial-scale RapidSX rare earths separation and purification plant in Southeast Alaska, by 2023. This processing facility is the...
Best known for its contribution to advancing the Round Top rare earths and critical minerals mine project, Texas Mineral Resources Corp. is now leading a group targeting the development of a plant capable of recovering rare earths from Pennsylvania coal byproducts. The Texas-based mineral explorer is teaming up with Penn State University; Jeddo Coal Company, a family-run mining company with a Pennsylvania operation; and H22OS Consulting, an engineering and construction firm...
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...
It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements. These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and high-fidelity speakers to name a few. Canada-based Geomega Resources Inc. has d...
Already involved in nearly every facet of the rare earth supply chain, from mining these technology elements to manufacturing powerful REE magnets, USA Rare Earth LLC has cut a deal with Geomega Resources Inc. to recycle these metals. Under a letter of intent signed by the companies on July 15, Quebec-based Geomega would recycle rare earth-containing waste from producing neodymium-iron-boron permanent magnets at a facility New York-based USA Rare Earth is planning to build in...
Geology dictates where mineable concentrations of the metals we need for our everyday modern lives are located. It so happens that USA Rare Earth LLC and Texas Mineral Resources Corp.'s Round Top rare earths and critical minerals project is in the sunny West Texas high desert. This puts one of America's richest deposits of the rare earths that go into the powerful magnets used in wind turbines and electric vehicles smack in the middle of one of the best places in the world...
Texas Mineral Resources Corp. has added fuel to USA Rare Earth LLC's strategy to establish a complete rare earth mines-to-magnets supply chain in the United States, which is already advancing much more rapidly than either company envisioned when they formed a partnership less than two years ago. Texas Mineral Resources is an exploration company that has outlined an enormous deposit of rare earth elements, lithium and 10 other critical minerals at its Round Top project about...
With the commissioning of a pilot plant in Colorado now underway, USA Rare Earth LLC is one step closer to producing rare earth elements on American soil. Based in New York City, USA Rare Earth has set in motion a strategy to establish a completely domestic supply chain for rare earth magnets, which are essential for wind turbines, electric vehicles, smartphones, military hardware, advanced medical devices, and the physical backbone of emerging 5G networks. A key facet of...
USA Rare Earth LLC and Texas Mineral Resources Corp. May 26 reported another milestone along the path to developing a rare earths and critical minerals mine and processing facility in the United States. Texas Mineral Resources is an El Paso, Texas-based mineral exploration company targeting the heavy rare earths and other technology and industrial minerals found at Round Top, and USA Rare Earth is a New York City based company that is funding the project's development. The...
Texas Mineral Resources Corp. and USA Rare Earth LLC April 2 said the COVID-19 outbreak thus far has not held up progress on their Round Top critical minerals project in Texas and pilot heavy rare earths separation plant in Colorado. "Our first priority is to safeguard the health and well-being of our employees, partners and contractors," said Texas Mineral Resources Chairman Anthony Marchese. "Fortunately to date, the COVID-19 outbreak has had a minimal effect on our...
USA Rare Earth LLC has acquired state-of-the-art neodymium-iron-boron permanent magnet manufacturing equipment, another key piece to the company's strategy to establish a complete rare earths mines-to-magnets supply chain in the United States. New York-based USA Rare Earth has already made major headway toward this objective as the funding and development partner at Round Top, a rare earth and critical minerals project about 85 miles southeast of El Paso. According to a prelim...
Hexagon Energy Materials Ltd., an Australian company that is investing US$6 million into furthering the development of RapidSX rare earth elements separation technology, Feb. 18 said it is pleased to see Ucore Rare Metals Inc. join the effort to advance this vital technology. "Ucore's interest in and commitment to evaluating RapidSX is significant; they are a REE industry stalwart in the USA with an advanced project with US$145 million in designated financing from the Alaska...
American mines produced roughly 26,000 tons of rare earth during 2019, a 44 percent increase over 2018, yet the United States is 100 percent reliant on foreign countries for its supply of these 17 elements vital to our modern high-tech society. This apparent paradox speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except promethium...
Texas Mineral Resources Corp. and USA Rare Earth LLC Jan. 21 announced the Federal Permitting Improvement Steering Council's (FPISC) decision to add mining as a sector covered under Fast-41. Short for Title 41 of the Fixing America's Surface Transportation Act, Fast-41 is a 2015 initiative to improve the timeliness, predictability, and transparency of federal environmental review and authorization process for infrastructure projects in the United States. More information on...
Overshadowed by headline-grabbing rare earth elements, gallium is an underappreciated critical metal that is a vital ingredient in next-generation smartphones and communication networks, light-emitting diodes (LEDs), thin-film solar cells, and medical devices. "The development of gallium arsenide as a direct band-gap semiconductor in the 1960s led to what are now some of the most well-known uses of gallium – in feature-rich, application-intensive, third- and f...
The National Mining Association and a group of 16 companies working to establish a complete rare earths mines-to-magnets supply chain in the United States are urging Congress to approve legislation that would provide tax incentives for the domestic manufacturing of REE magnets. Earlier this month, Reps. Eric Swalwell (D-California) and Guy Reschenthaler (R-Pennsylvania) introduced HR 5033, a bipartisan bill to help stimulate domestic production of rare earth magnets as part...
To help bolster domestic production of rare earth elements and other critical minerals, the United States Department of Energy's Office of Fossil Energy and Carbon Management is providing a total of nearly $1 million in federal funding for cost-shared research and development to six projects focused on recovering these critical raw materials from waste streams and other unconventional sources. Critical minerals are necessary to manufacture a wide range of high-tech devices,...
