Ladies and gentleman for your consideration.
Rare-Earth Stock American Dreams — And finally, I’ve got a tiny American company for you. It’s very speculative because it’s not producing any rare earths yet, but it has the rights to mine what could be one of the most prolific deposits of rare earths in the country.
It’s half of a joint venture to mine the Round Tops rare-earths project in Western Texas, and it goes by the name of Texas Mineral Resources Corp (OTC: TMRC). The company has partnered with privately held USA Rare Earth to develop the site and hopes to have it fully operational by 2023.
TMRC-$4.60
Folks I have a feeling....
Texas Mineral Resources Corp. (TMRC)
Other OTC - Other OTC Delayed Price. Currency in USD
$4.5900+0.4310 (+10.36%)<---------
At close: February 19 3:59PM EST
Fri Volume 1,151,471 Avg. Volume 451,163) ) ) )
Rare Earth Monday!
Rare Element Resources Ltd. (REEMF)
Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
4.0900+0.5900 (+16.86%)<----------
At close: February 19 3:59PM EST
About USA Rare Earth, LLC
USA Rare Earth, LLC is earning and acquiring an 80% operating joint venture interest in, and is the operator of, the Round Top Heavy Rare Earth and Critical Minerals Project located in Hudspeth County, West Texas from Texas Mineral Resources Corp. (TMRC: OTCQB). Round Top hosts a wide range of critical heavy rare earth elements, high-tech metals, including lithium, zirconium, hafnium and beryllium, and, based on the Preliminary Economic Assessment (dated August 16, 2019) projects a pre-tax net present value using a 10% discount rate of $1.56 billion based on a 20-year mine plan that is only 13% of the identified measured, indicated and inferred resources. The PEA estimates an internal rate of return of 70% and average annual net revenues of $395 million a year after average royalties of $26 million a year payable to the State of Texas.
Something is brewing in the rare earth sector...
Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project
January 21, 2021
DoE selects General Atomics and Rare Element consortium for $21.9 million in funding to advance commercial grade demonstration project
Rare Element Resources Ltd. (the "Company") (OTCQB: REEMF)is pleased to announce that formal notice has been received from the U.S. Department of Energy ("DoE") that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc. ("RER"), a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial award under the Critical Materials Funding Opportunity Announcement ("FOA") for the engineering, construction and operation of a rare earth separation and processing demonstration plant.
RER, along with partners General Atomics and affiliates, and LNV, an Ardurra Group, Inc. Company, as engineering and construction subcontractor, submitted a formal proposal to the DoE in response to a published FOA in mid-2020 for the construction and operation of a rare earth separation and processing plant utilizing proprietary technology to produce commercial grade products. The DoE funding represents one-half of the total estimated costs for the project and is contingent upon the negotiation of mutually agreeable documents which is expected to be completed within 60-90 days.
Rare-Earth Stock American Dreams — And finally, I’ve got a tiny American company for you. It’s very speculative because it’s not producing any rare earths yet, but it has the rights to mine what could be one of the most prolific deposits of rare earths in the country.
It’s half of a joint venture to mine the Round Tops rare-earths project in Western Texas, and it goes by the name of Texas Mineral Resources Corp (OTC: TMRC). The company has partnered with privately held USA Rare Earth to develop the site and hopes to have it fully operational by 2023.
TMRC-$4.60
Folks I have a feeling....
Texas Mineral Resources Corp. (TMRC)
Other OTC - Other OTC Delayed Price. Currency in USD
$4.5900+0.4310 (+10.36%)<---------
At close: February 19 3:59PM EST
Fri Volume 1,151,471 Avg. Volume 451,163) ) ) )
Rare Earth Monday!
Rare Element Resources Ltd. (REEMF)
Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
4.0900+0.5900 (+16.86%)<----------
At close: February 19 3:59PM EST
About USA Rare Earth, LLC
USA Rare Earth, LLC is earning and acquiring an 80% operating joint venture interest in, and is the operator of, the Round Top Heavy Rare Earth and Critical Minerals Project located in Hudspeth County, West Texas from Texas Mineral Resources Corp. (TMRC: OTCQB). Round Top hosts a wide range of critical heavy rare earth elements, high-tech metals, including lithium, zirconium, hafnium and beryllium, and, based on the Preliminary Economic Assessment (dated August 16, 2019) projects a pre-tax net present value using a 10% discount rate of $1.56 billion based on a 20-year mine plan that is only 13% of the identified measured, indicated and inferred resources. The PEA estimates an internal rate of return of 70% and average annual net revenues of $395 million a year after average royalties of $26 million a year payable to the State of Texas.
Something is brewing in the rare earth sector...
Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project
January 21, 2021
DoE selects General Atomics and Rare Element consortium for $21.9 million in funding to advance commercial grade demonstration project
Rare Element Resources Ltd. (the "Company") (OTCQB: REEMF)is pleased to announce that formal notice has been received from the U.S. Department of Energy ("DoE") that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc. ("RER"), a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial award under the Critical Materials Funding Opportunity Announcement ("FOA") for the engineering, construction and operation of a rare earth separation and processing demonstration plant.
RER, along with partners General Atomics and affiliates, and LNV, an Ardurra Group, Inc. Company, as engineering and construction subcontractor, submitted a formal proposal to the DoE in response to a published FOA in mid-2020 for the construction and operation of a rare earth separation and processing plant utilizing proprietary technology to produce commercial grade products. The DoE funding represents one-half of the total estimated costs for the project and is contingent upon the negotiation of mutually agreeable documents which is expected to be completed within 60-90 days.
