USA Rare Earth has entered into a definitive agreement to acquire UK-based LCM (Less Common Metals), a rare earth metal and alloy producer, for $100 million in cash and 6.74 million shares of USAR common stock. The acquisition represents a significant acceleration of USAR’s mine-to-magnet strategy, establishing an end-to-end rare earth supply chain. “The acquisition of LCM is a bold…
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Canadian officials announced more than C$16 million to support the Saskatchewan Research Council (SRC). The funding will be used to expand the Rare Earth Processing Facility to process a wider range of rare earth minerals and to create a new database. Full story.
Read MoreColorado-headquartered Rare Element Resources has received a project continuation notice from the U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy for its planned rare earth processing and separation demonstration plant in Upton, Wyoming. Full story.
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