Latest news with #RareEarthElements
Time of India
28-05-2025
- Business
- Time of India
Oil India wins Rajasthan Potash-Halite block in first-ever auction under 5th tranche
New Delhi: Oil India Ltd (OIL) has secured the Jorkian–Satipura–Khunja Amalgamated Potash and Halite block in Rajasthan's Hanumangarh district, becoming the preferred bidder in the fifth tranche of critical and strategic mineral auctions conducted by the Ministry of Mines . This marks the first-ever successful auction of a Potash block by the Government of India. The block was one of 10 mineral blocks awarded in the tranche that featured minerals such as Graphite, Phosphorite, Phosphate, Rare Earth Elements (REE), Vanadium, Potash and Halite across six states — Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh. 'Oil India Limited, the Maharatna CPSE of Govt of India, in its commitment towards energy transition and diversifying the business portfolio have successfully bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, Govt. of India,' the company said in a statement. 'OIL has been declared as the Preferred Bidder for grant of composite license for the Jorkian–Satipura–Khunja Amalgamated Potash and Halite Block in Hanumangarh district of Rajasthan,' it said. The auction marks Oil India's entry into the critical and strategic minerals segment. The block awarded to Oil India is among the 34 total blocks awarded across five tranches so far, out of 55 blocks put up for auction. 'OIL's strategic diversification into critical minerals represents a well-timed response to national priorities to support India's self-reliance goals,' the company stated. The Ministry of Mines has also launched the National Critical Mineral Mission to facilitate exploration, development, and self-sufficiency in key minerals critical for energy transition and industrial use.
Time of India
27-05-2025
- Business
- Time of India
Coal India, HZL among successful bidders in 5th round of critical mineral block auction
Several companies, including Coal India and Oil India, have secured critical mineral blocks. These blocks were auctioned in the fifth round. The auction included minerals like graphite and potash. Hindustan Zinc also won a rare earth element block. This marks India's first successful potash block auction. The move aims to boost domestic mining and reduce import reliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads State-owned Coal India NLC India and Vedanta group firm Hindustan Zinc are among the firms that have bagged critical and strategic mineral blocks under the fifth round of auction. While Coal India Ltd (CIL) has bagged a graphite and vanadium block in Chhattisgarh, Oil India Ltd emerged as a preferred bidder for potash and halite mine in potash and halite in the desert state was bagged by Hindustan Zinc Ltd( HZL ). HZL also bagged the REE (Rare Earth Element) block in Uttar Pradesh in this round of India bagged two phosphorite and limestone blocks in the state of companies which have bagged blocks in this round of auction are Sunflag Iron and Steel Co Ltd, Vinmir Resources Pvt Ltd, R K Mineral Development Pvt Ltd and Ramgad Minerals and Mining Ltd."A key milestone under tranche V is the first-ever successful auction of a Potash block by the Government of India, marking a major step towards unlocking domestic Potash resources. The move is expected to catalyse Potash mining in the country, reduce reliance on imports, and strengthen support to the agriculture sector," the mines ministry said in a milestone also marks the first-ever successful auction of a critical and strategic mineral block in fifth round of auction of critical and strategic mineral blocks which was launched on 28th January has concluded with successful auction of 10 out of 15 blocks put on auction, it 10 blocks comprise critical and strategic minerals such as graphite, phosphorite, phosphate, Rare Earth Elements (REE), vanadium, and potash and halite spread across Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan and Uttar date, a total of 34 blocks have been successfully auctioned in five tranches out of 55 critical mineral blocks which were put for sale. Regular auction of critical mineral blocks is an important element in the strategy adopted by the mines ministry towards building self-sufficiency in critical minerals in the mines ministry is also focusing on exploration of critical minerals in the country and has launched the National Critical Mineral Mission for development of the critical mineral ecosystem in the country.
Yahoo
22-05-2025
- Business
- Yahoo
Integral Metals Identifies Area of Interest at the Burntwood Project Through Advanced Geochemical Analysis
Geochemical Pathfinder Ratios Outline New Rare Earth Exploration Zone in Southern Burntwood Complex CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) (the 'Company' or 'Integral') is pleased to report on the results of a comprehensive rock geochemistry program conducted at its wholly owned Burntwood Rare Earth Element (REE) Project in northern Manitoba. This work is part of the Company's exploration strategy to refine vectoring tools for targeting REE-rich zones associated with carbonatite and syenite intrusions. The Burntwood Project is centered on a structurally complex alkaline intrusive system that includes foliated syenites and localized carbonatite phases. To better understand the mineral potential of this system, Integral undertook a detailed grid survey in 2024 that included rock geochemical sampling, processing 438 rock samples collected across the intrusive complex. Laboratory results confirmed elevated concentrations of light rare earth elements (LREEs), with total REE content (ΣREE) in some samples exceeding 3,800 ppm. Several samples contain lanthanum values greater than 1,000 ppm and cerium concentrations over 2,500 ppm, placing them among the highest in the dataset. These REE-enriched rocks are also associated with elevated levels of pathfinder elements including strontium, barium, niobium, and thorium, which are elements commonly enriched in carbonatite-hosted REE systems. Integral applied principal component analysis (PCA) and K-means clustering to reduce complexity and isolate patterns indicative of mineralization. This multivariate approach identified a distinct geochemical cluster of samples (Cluster B – Syenite Mineralization) with elevated REEs, high strontium and barium values, and depleted in zirconium and hafnium, which is a geochemical fingerprint consistent with carbonatite affinity. Overlaid with samples containing total REEs over the 95th percentile, an area of interest (Figure 1) within the alkaline complex has been identified as being prospective for REE mineralization. 'These results represent an important step in our understanding of the Burntwood system,' stated Paul Sparkes, CEO of Integral Metals. 'We now have a rock geochemistry model that will help us pinpoint where to look next. By combining modern statistical tools with geoscientific interpretation, we're turning regional-scale data into actionable targeting.' The Company is integrating these results with geological mapping performed by the Manitoba Geological Survey (MGS), along with additional datasets collected by the Company, to define targets for the next phase of exploration. Integral Metals will provide further updates as additional datasets become available from the 2024 survey program. Qualified Person The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., VP of Exploration at the Company, and a 'Qualified Person' as defined by National Instrument 43-101. For a discussion of the Company's QA/QC and data verification procedures and processes, please see the technical report entitled, Technical Report on the KAP Property, Mackenzie Mountains, Northwest Territories, Canada, a copy of which may be obtained under the Company's profile at Figure 1 The area of interest within the Burntwood Lake syenite-carbonatite complex, identified based upon multivariate analysis and statistical thresholds of the 2024 rock geochemistry dataset. On Behalf of the Board Directors Paul Sparkes Chief Executive Officer 825-414-3163 info@ ABOUT INTEGRAL METALS CORP. Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts. Forward-Looking Information Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company's future plans and prospects. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the future plans and strategies of the Company. Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company's business prospects and priorities may change, whether as a result of unexpected events, general market and economic conditions or as a result of the Company's future exploration efforts, and that any such change may result in a re-deployment of the Company's resources and efforts in a manner divergent from the Company's current business plan or strategy. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Dateline Resources Fully Funded for Colosseum Gold Project Bankable Feasibility Study
SAN BERNARDINO, CA / / May 19, 2025 / Dateline Resources Limited (OTC:DTREF)(ASX:DTR) is pleased to update its shareholders on the strong financial position and ongoing progress of its flagship Colosseum Gold and Rare Earth Element (REE) Project in California. With a robust cash balance and recent capital inflows, the Company is fully funded to complete the Bankable Feasibility Study (BFS) for the Colosseum Gold Project, a significant milestone in unlocking the project's value. Key Highlights Dateline Resources is well-positioned with current cash reserves of $1.95 million, which are expected to increase to $2.3 million upon receipt of part of the proceeds from the Udu Copper Project sale. The Company has raised approximately $1.1 million through recent warrant exercises, reflecting strong shareholder support. The BFS for the 1.1 million ounce Colosseum Gold Project is progressing on schedule, with metallurgical test work now underway. Additionally, planning for a dedicated REE drilling program at Colosseum is being advanced and guided by leading REE experts. The Company is also on track to uplist to the OTCQB Venture Market in Q3 2025, enhancing visibility for U.S. investors. Financial Strength to Drive Colosseum Forward Dateline's cash reserves stand at $1.95 million, bolstered by $1.1 million raised from recent warrant exercises. An additional $350,000 is expected from the partial payment of the sale of the non-core Udu Copper Project in Fiji, bringing the total cash balance to approximately $2.3 million. These funds fully cover the costs of the Colosseum Gold Project's BFS, ensuring the Company can advance this critical study without delay. The Company has also seen growing interest from warrant holders seeking to convert their holdings, signaling potential for additional organic funding. By monetizing non-core assets like the Udu Copper Project, Dateline is strategically focusing resources on its high-potential U.S. projects, particularly Colosseum. "We are in a strong financial position to complete the Colosseum BFS, a pivotal step toward realizing the project's full potential," said Stephen Baghdadi, Managing Director. "With the support of our shareholders and disciplined capital management, we are well-equipped to deliver value for our investors." Colosseum Gold Project: BFS Progress The BFS for the Colosseum Gold Project, which hosts a JORC-2012 compliant Mineral Resource of 1.1 million ounces of gold (27.1Mt @ 1.26g/t Au), commenced last month and remains on schedule. Key activities include metallurgical test work, with drill core shipped to Kappes, Cassiday & Associates in Nevada for analysis. Australian Mine Design & Development (AMDAD) is overseeing mine engineering, ensuring a comprehensive study that will guide the project's development. The BFS is expected to be completed in December 2025 Rare Earth Elements: Expanding Colosseum's Potential In addition to its gold resources, Colosseum holds significant REE potential. Planning for a targeted REE drilling program is advancing, with program design led by renowned experts Dr. Anthony Mariano and Tony Mariano. The Company is finalizing drill targets and logistics and will soon commence the tender process for a drilling contractor. This program, announced on May 5, 2025, underscores Dateline's commitment to maximizing the value of Colosseum's diverse mineral assets. OTCQB Uplisting to Broaden U.S. Investor Access Dateline is on track to uplist to the OTCQB Venture Market in Q3 2025, a move designed to increase visibility and accessibility for U.S. investors. This uplisting will complement the Company's ASX listing and support its growth strategy in the U.S. market, where Colosseum is strategically located in the Walker Lane Trend, less than 10km from the Mountain Rare Earth mine. About Dateline Resources Limited Dateline Resources Limited (OTC: DTREF, ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in San Bernardino County, California, which hosts a 1.1 million ounce gold resource and significant REE potential. For more information, visit or follow us on X at Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of applicable securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the potential of the Colosseum Project, the expected benefits of the OTCQB listing, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on the company's current expectations, estimates, and projections, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: fluctuations in the prices of gold and rare earth elements; changes in regulatory requirements or permitting processes; geological or technical challenges in exploration and development; market conditions affecting the company's ability to raise capital; environmental or social factors impacting operations; risks associated with the OTCQB listing process or trading on a new market; environmental and permitting risks associated with operating in a national preserve; uncertainty regarding the delineation of a mineable rare earth elements resource; risks related to the company's ability to secure necessary funding for project development; and potential changes in government policies or priorities affecting the critical minerals sector. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company does not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Competent Person Statement The exploration information in this press release has been reviewed by Mr. Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr. Hall has sufficient experience relevant to the style of mineralization and deposit type to qualify as a Competent Person under the JORC Code. He consents to the inclusion of this information in the context in which it appears. Contact Information: Stephen BaghdadiManaging Director+61 2 9375 2353info@ Andrew RowellWhite Noise Communications+61 400 466 226andrew@ SOURCE: Dateline Resources Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Ucore and US DOD Agree on US$18.4M Initial Construction Funding for Rare Earth Processing in Louisiana
Ucore Announces: A US$18.4 million funding agreement with the US Department of Defense to launch its RapidSX™ Rare Earth Element Separation Technology toward full-scale operation, including: Expansion of the current $4M US DOD demonstration project Commercial-scale RapidSX™ production module construction and operations System engineering technology transfer from Ucore's Canadian demonstration facility to its developing United States commercial facility Full-scale construction and 'Early Production' in Louisiana in H2-2026 Halifax, Nova Scotia--(Newsfile Corp. - May 14, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the"Company") is pleased to announce that the Company has reached a firm fixed price agreement for a US$18.4 million increase to its current US$4M Other Transaction Agreement [i] (" OTA") with the US Army Contracting Command-Orlando. The purpose of the additional funding is to facilitate the construction of a production-ready commercial RapidSX™ machine and supporting infrastructure in Alexandria, Louisiana. Specifically, this involves the pre-planned expansion of Ucore's existing Rare Earth Element (" REE") Separation Technology Capabilities Prototype Project, soon to conclude at the RapidSX™ Commercialization and Demonstration Facility (" CDF") in Kingston, Ontario. The additional Phase II scope of work will further scale up and commercialize Ucore's RapidSX™ technology for its developing Louisiana Strategic Metals Complex (" SMC") REE refinery in Alexandria, Louisiana. This will be achieved through the installation of a complete full-scale RapidSX™ separation machine capable of demonstrating commercial scale production of Pr, Nd, Sm, Gd, Tb and/or Dy – six of the seven REEs which are listed by the People's Republic of China's ("PRC") for export licensing restrictions. Figure 1 - Ucore's Demonstration-Scale Transition to Commercial-Scale US Rare Earth Separation To view an enhanced version of this graphic, please visit: The primary objectives of the Phase II project (the " Project") are: Construct and demonstrate the full-scale RapidSX™ technology modules at the CDF. Conduct a systems engineering approach to facilitate a knowledge transfer of the innovative RapidSX™ separation technology from the CDF to the SMC. Install production separation capacity at the SMC capable of processing hundreds of tonnes of heavy and/or light total rare earth oxide (" TREO") processing utilizing the same RapidSX™ technology equipment platform. It is anticipated that upon successful completion of the Project, Ucore will continue to construct RapidSX™ machines to complete its planned 2,000 tonne per annum TREO Phase 1 construction project. The concurrent construction and production efforts are enabled through the unique modular and adaptable attributes of the RapidSX™ technology platform coordinated with the smart acquisition and deployment of investment capital. "Ucore's business model is founded on 1) collaboration with an array of like-minded upstream and downstream commercial and governmental partners and 2) the implementation of the next logical leap in commercial critical metals separation technology resulting from Western innovation," stated Pat Ryan, Ucore Chairman and CEO. "Ucore is very appreciative to the US DOD for the opportunity, and potential future opportunities, which have now resulted in this dedicated expansion Project to full scale processing production. "This US DOD Louisiana SMC funding agreement is a critical step for Ucore's commercial advancements, but more importantly, for the progression of a Western rare earth supply chain, and North American critical metals security, which cannot exist without competitive critical metals processing on the world stage." On May 10, 2025, Ucore executed a conditional advance agreement for pre-modification Project costs and will formally execute the OTA modification by June 10, 2025. # # # About Ucore Rare Metals Inc. Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA. Ucore is listed on the TSXV under the trading symbol " UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol " UURAF." For further information, please visit Forward-Looking Statements This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements. Regarding the disclosure in the press release above about the OTA and the expected successful progress of the Project and the resulting milestone payments from the DoD, the Company has assumed that the Project (including each of its milestones) will be completed in a satisfactory manner and in a reasonable period of time within approximately the next two years. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and the Project (generally), see the risk disclosure in the Company's MD&A for Q1 2025 (filed on SEDAR on May 9, 2025) ( as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant commissioning and demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
