The company went community in mid-2020 just after attaining the Mountain Move mine in California, the only operational US-based rare earths mine and processing facility.
In its 2024 fiscal calendar year benefits, Lynas described a AU$226 million decline in Web financial gain immediately after tax. CEO Amanda Lacaze attributed the reduce to your demanding industry, lower output tallies and upgrading downtime.
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New metallurgical testing has demonstrated the asset's capability to deliver significant-purity magnetic rare earth oxides in a Restoration amount of 92 % or greater.
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On top of that, the mill will make a large REE focus for pilot-scale tests to most likely create business dysprosium and terbium separation amenities Later on.
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The funding is a component on the look at here now 8 million euro GREENE challenge from the ecu Fee’s Horizon Europe Programme, which aims to Enhance the resource performance and overall performance of rare earth long lasting magnets.
In an August update for investors, Mkango noted that HyProMag will acquire 350,a hundred twenty five euros to build its eco-helpful NeoLeach technological know-how, that can further upgrade metals recovered with HPMS.
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