The Elements of Innovation Discovered
The Elements of Innovation Discovered
Sorted by date Results 76 - 100 of 173
Looking to break America's reliance on China for rare earths and critical minerals, the U.S. Department of Energy is investing $140 million to develop a facility that extracts these minerals from unconventional sources and then refines them into the metals needed for electric vehicles, renewable energy generation, and other modern technologies. These technological advances are creating new demand for a suite of minerals and metals that are often rare and in short supply. In...
The ore sorter at Vital Metals Ltd.'s Nechalacho rare earths project in Canada's Northwest Territories is able to upgrade lower-grade ore into concentrates viable for shipping to the company's soon-to-be-completed processing facility in Saskatchewan for further upgrading to a mixed rare earths carbonate ready to be separated into the individual rare earths used in a broad range of high-tech and industrial applications. This means Vital will be able to produce more rare earths...
A mine that could suck billions of tons of carbon dioxide out of the atmosphere and turn it to stone while also producing the nickel, cobalt, and other metals needed for zero-emissions electric vehicles would be the ultimate prize for Tesla Inc. CEO Elon Musk. Carbin Minerals and Carbfix, two companies developing just that type of technology, have been awarded $1 million from XPRIZE, a global future-positive movement envisioned by Musk and supported by his foundation. XPRIZE...
By the end of next year, the powerful rare earth magnets vital to efficiently transform motion into electricity in wind turbines and electricity into motion in electric vehicles are expected to be rolling off the assembly line at a new 200,000-square-foot facility that MP Materials Corp. is building in Fort Worth, Texas. During a ceremony that attracted Texas lawmakers, General Motors executives, and even a GMC Hummer EV that benefits from the type of rare earth magnets that...
With mass production of batteries that store intermittent renewable energy and power electric vehicles being a vital component of the envisioned clean energy future, the Biden administration has authorized use of the Defense Production Act to bolster American supplies of these critical battery minerals and materials. "Specifically, the DPA will be authorized to support the production and processing of minerals and materials used for large capacity batteries – such as l...
Researchers from the Birmingham Energy Institute, along with several partners, are supporting a new grant-funded project to recycle rare earth magnets from electronic waste, electric motors, and wind turbines for the United Kingdom's critical minerals supply chain. Secure Critical Rare Earth Magnets for UK, or SCREAM, is a 3.4-million-pound (US$4.1 million) UK Research and Innovation funded project that will establish a recycled source of rare earth magnets in the UK to...
The U.S. Geological Survey has unveiled a proposed list of 50 minerals and metals critical to the United States. While this seems to be a major jump over the 35 critical minerals on the original list published in 2018, most of the increase is from a much-needed breakdown of the rare earth elements and platinum group metals. Listed as a single commodity on the 2018 critical minerals list, rare earths are a group of 15 individual elements, each with their own properties, uses,...
The U.S. Geological Survey has identified 50 minerals and metals critical to the economic wellbeing and security of the United States, uranium is not one of them. This omission of a mineral that plays a critical role in America's energy security does not sit well with a bipartisan group of congressmen that have introduced legislation to rectify this oversight. "Energy security is national security. We should not be reliant on our foreign adversaries like China and Russia to...
As the price of lithium has skyrocketed over the last 18 months, the demand for lithium-ion batteries is more intense than ever. Battery makers, including Panasonic, LG Chem and CATL, have to budget for the rising cost of lithium, a metal that's crucial to the batteries that go into electric cars, as they expand their production over the coming years. With every bull market, however, there are bear prognosticators who bet on the price of lithium to decline with the market...
The U.S. Department of the Interior is distributing more than $74.6 million to 30 states for critical minerals investigations under the U.S. Geological Survey Earth Mapping Resources Initiative, or Earth MRI. These investments, which include $64 million in funding from the Bipartisan Infrastructure Law, aim to help improve the understanding of domestic critical mineral resources, a key to securing a reliable, domestic, and sustainable supply of minerals and metals critical t...
To forge the second link in a wholly North American rare earths supply chain, Vital Metals Ltd. has begun feeding ore mined from its Nechalacho project in Northwest Territories into a dense media separation plant at its new rare earths extraction facility in Saskatchewan, Canada. The first link in this REE supply chain was established when Vital began mining high-grade ore from Nechalacho last year, which made the Australia-based miner Canada's first and only producer of the...
The supply chain repercussions of Russia's war with Ukraine have policymakers in Washington, DC concerned about securing supplies of antimony, which is critical to renewable energy storage technologies and national defense. Antimony is a metalloid, which means it falls between metals such as zinc and solid nonmetals like sulfur, with some interesting properties that make it a strategic material for the U.S. military. "Antimony is a key ingredient in communication equipment,...
Part of a much larger critical minerals investment and strategy unveiled by the Biden administration on Feb. 22, the Pentagon has awarded MP Materials Corp. a $35 million contract to commercially separate and refine heavy rare earth elements at its Mountain Pass Mine. Located in California's Mojave Desert, Mountain Pass is currently the only mine in the United States that produces rare earths, a group of 17 elements critical to a wide array of technologies used for industrial...
The United States Department of Energy is investing $2.2 million to explore the holy grail of clean energy projects – a domestic mine that helps to supply the nickel and copper needed to achieve America's electric vehicle and renewable energy ambitions while also pulling carbon dioxide from the atmosphere and storing it as a mineral in rocks for geological periods of time. Global mining company Rio Tinto is contributing another $4 million and is leading this three-year r...
In another step toward Ucore Rare Metals Inc.'s goal of producing the first separated rare earth elements at its planned Strategic Metals Complex in Alaska in about two years, a third party has carried out an independent evaluation of the RapidSX rare earths separation technology to be used at the Alaska SMC. Developed by Gareth Hatch and his team at Innovation Metals Corp., a subsidiary of Ucore, RapidSX is a technological upgrade to the conventional solvent extraction techno...
To secure a long-term domestic supply of the rare earths needed to build electric vehicles in North America, General Motors has entered into a binding agreement to buy REE materials and magnets to be produced at a new facility MP Materials Corp. is building in Fort Worth, Texas. "We are building a resilient and sustainable EV manufacturing value chain in North America, from raw materials to cell manufacturing to electric drive motors and beyond, further accelerating GM's...
The proposed list of 50 critical minerals unveiled by the U.S. Geological Survey in November shined a light on how dependent the United States is on foreign countries for rare earth elements and a broad array of other technology metals vital to electric vehicles, clean energy, high-tech, and other industrial sectors. The enormous Round Top deposit in the West Texas desert hosts nearly half of the minerals and metals deemed critical to America's economic wellbeing and national...
In another move that demonstrates rare earths production at Nechalacho is scaling up faster than originally anticipated, Vital Metals Ltd. and REEtec AS have amended their offtake agreement to increase the sales of rare earths product sold to REEtec by 50%. A Norway-based company that has developed an efficient and environmentally sound technology to separate the notoriously interlocked rare earths into the individual elements needed for high-tech and industrial applications,...
On the heels of a deal to sell more rare earths carbonate to Norway-based REEtec, Vital Metals Ltd. has entered into a separate agreement to sell some of this midstream REE product produced in Saskatchewan to Ucore Rare Metals Inc, a company advancing the development of a rare earths separation facility in Alaska. "This agreement is an important and exciting entrance into the North American downstream rare earth supply chain," said Vital Metals Managing Director Geoff Atkins....
Vital Metals Ltd. Oct. 5 reported that it expects its rare earth extraction facility in the Canadian province of Saskatchewan to be ready to accept the first ore from the Nechalacho REE mine in Northwest Territories by the end of the year. "Our first shipment of ore is due to leave Nechalacho this month and we expect to start feeding into the plant before the end of CY2021, with commissioning to follow," said Vital Metals Managing Director Geoff Atkins. Commissioning of the...
Lars Carlstrom, who has already founded two companies building lithium-ion battery gigafactories in Europe, has launched a third enterprise that plans to build a 54-gigawatt-hour battery facility in Southern California that will be supplied with geothermal power and lithium from Controlled Thermal Resources' Hell's Kitchen project in Imperial Valley. Carlstrom is a pioneering industrialist in the automotive sector who founded Britishvolt, which is developing a 30 GWh battery g...
While hailing President Joe Biden's use of the Defense Production Act to bolster domestic supplies of battery minerals and materials as a win for rebuilding United States supply chains, the bipartisan group of senators that urged this action say more needs to be done to curb America's heavy dependence on oft adversarial countries for the minerals and metals critical to the nation's security and economic wellbeing. "While I am heartened that President Biden is heeding our...
On Feb. 22, 2022, Teck Resources Ltd.'s Red Dog Mine in Northwest Alaska became the largest critical minerals operation in the United States, both in terms of quantity and value of the materials produced at this world-class base, precious, and critical minerals operation. Being catapulted to America's top dog when it comes to critical minerals production is not due to the germanium produced, though this semiconductor metal vital to ultrafast computing and communications is...
When most people think about the metals driving the alternative energy revolution, lithium, vanadium, cobalt and rare earths spring to mind. As recently reported by EE Times Europe, "Copper is an important raw material for the electronics industry, being the most widely used conductor for PCB, wiring, and connector manufacturing. The average person, however, might not realize this, thinking that copper is some kind of old metal on which there is no progress to be made." There...
Crews at Vital Metals Ltd.'s Nechalacho rare earths project in Canada's Northwest Territories are mining zones of ore with such high grades that there is no need to upgrade it with the on-site ore sorter – just simply dig, crush, and bag for shipping to the company's processing facility in Saskatchewan. Mining is currently being carried out at North T, a particularly high-grade deposit within Nechalacho Upper Zone, which hosts 94.7 million metric tons of Australian Joint O...
