Latest news with #criticalMinerals
Yahoo
08-08-2025
- Business
- Yahoo
Ramaco Resources completes $200m public offering to fund rare earth project
US-based miner Ramaco Resources has completed its underwritten public offering of class A common stock, raising approximately $200m. The offering featured the sale of more than ten million shares at $18.75 each, before deductions for underwriting discounts, commissions and expenses. The company will use the funds to expedite the development of its rare earth elements (REEs) and critical minerals project, alongside strategic growth opportunities and general corporate purposes. Yorktown Energy Partners, the selling stockholders, provided underwriters with an option to purchase additional shares worth up to $30m. This option was fully exercised on 6 August 2025. However, Ramaco Resources will not benefit financially from the sale of these additional shares. Morgan Stanley and Goldman Sachs served as the lead joint book-running managers for the offering. Legal expertise was provided by ArentFox Schiff for Ramaco Resources and Davis Polk & Wardwell for the underwriters. The critical materials are used for advanced military technology, batteries, medical devices and a host of other applications. The company's Brook rare earths mine in Wyoming has been recognised by federal and independent researchers as a potentially 'world-class' discovery of essential elements. With full-scale mining already in progress, plans are also in place to commence the construction of a pilot processing oxide facility within the year. Initially, the mine will concentrate on the vertically integrated production of commercial oxides. In the long term, it aims to explore the potential for end-use manufacturing, transforming these oxides into metals, magnets, or semiconductor wafers. The REEs present at the Brook Mine are intermingled with coal, as well as associated clay and shale layers, which are considerably less dense than the materials typically found in conventional hard rock deposits. "Ramaco Resources completes $200m public offering to fund rare earth project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
CBC
07-07-2025
- Business
- CBC
Ontario Premier signs agreement with Alberta to build Ring of Fire railway
Ontario Premier Doug Ford has signed an agreement with Alberta Premier Danielle Smith to help build a railway to the mineral-rich Ring of Fire region. The two premiers signed two non-legally binding memorandums of understanding today about increasing trade and building energy corridors, including commitments to build oil and natural gas pipelines to northern and southern Ontario. Ford has been trying for years to build a critical mineral supply chain that would connect the mines in northern Ontario to processing facilities further south. Two First Nations are leading environmental assessments on three roads that would connect the Ring of Fire region to the provincial highway system. Ford's government recently passed legislation in an effort to speed up the construction of a mine in the Ring of Fire by creating so-called special economic zones where provincial and municipal laws can be suspended for certain projects. That new law has sparked outrage from First Nations who say it tramples their rights and ignores their concerns.
Yahoo
07-07-2025
- Business
- Yahoo
Ontario Premier Doug Ford pitches railway to Ring of Fire, Alberta is on board
Ontario Premier Doug Ford has signed an agreement with Alberta Premier Danielle Smith to help build a railway to the mineral-rich Ring of Fire region. The two premiers signed two non-legally binding memorandums of understanding today about increasing trade and building energy corridors, including commitments to build oil and natural gas pipelines to northern and southern Ontario. Ford has been trying for years to build a critical mineral supply chain that would connect the mines in northern Ontario to processing facilities further south. Two First Nations are leading environmental assessments on three roads that would connect the Ring of Fire region to the provincial highway system. Ford's government recently passed legislation in an effort to speed up the construction of a mine in the Ring of Fire by creating so-called special economic zones where provincial and municipal laws can be suspended for certain projects. That new law has sparked outrage from First Nations who say it tramples their rights and ignores their concerns. This report by The Canadian Press was first published July 7, 2025. Liam Casey, The Canadian Press 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
South China Morning Post
02-07-2025
- Business
- South China Morning Post
China urged to keep close eye on US-led Quad as trade tensions fail to dent solidarity
Beijing should remain alert to the continued solidarity between the US and its regional partners in countering China, despite their trade tensions with Washington, Chinese observers have warned. They cited this week's meeting of Indo-Pacific Quad partners as the latest example of such unified signalling. The top diplomats of the United States, Japan, Australia and India, meeting in Washington on Tuesday, agreed to deepen cooperation on Indo-Pacific maritime security and introduce a critical minerals initiative to diversify supply chains. 'We remain seriously concerned about the situation in the East China Sea and South China Sea ,' read a joint statement following the talks between US Secretary of State Marco Rubio and his three counterparts – Takeshi Iwaya of Japan, Penny Wong of Australia and India's Subrahmanyam Jaishankar. The apparent reference was to regional tensions and disputes with China involving territorial claims and freedom of navigation in these maritime areas. 'We are deeply concerned about the abrupt constriction and future reliability of key supply chains, specifically for critical minerals,' the statement added, again apparently referring to China leveraging its rare earths dominance, though it was not mentioned by name.
The Independent
02-07-2025
- Business
- The Independent
US, Indo-Pacific partners agree to strengthen maritime, critical minerals cooperation
The United States. Australia, India and Japan have agreed to expand their cooperation on maritime security in the Indo-Pacific and further collaborate on supplies of critical minerals and rare earths that are key components of high-tech production. The foreign ministers of the four countries, known as the 'Quad,' met in Washington on Tuesday as the Trump administration seeks to expand U.S. influence in the Indo-Pacific to compete with a rising China amid tensions with partners over trade and defense issues. In a joint meeting with his three colleagues, Secretary of State Marco Rubio said the Quad must be a 'vehicle for action' that goes beyond statements of intent and stressed that commerce and trade will be critical to ensuring the group's relevance in the future. To that end, the four announced in a statement the creation of a 'Quad Critical Minerals Initiative' that aims 'to strengthen economic security and collective resilience by collaborating on securing and diversifying critical mineral supply chains.' The statement did not provide details of the initiative. 'We are deeply concerned about the abrupt constriction and future reliability of key supply chains, specifically for critical minerals,' they said. 'This includes the use of non-market policies and practices for critical minerals, certain derivative products, and mineral processing technology.' The statement did not mention China by name, but Chinese domination of the critical minerals supply chain has long been a concern of the U.S. and others. The ministers expressed specific concern about rising tensions in the East and South China Seas, where Beijing has become increasingly assertive of maritime and territorial claims that are rejected by its smaller neighbors. 'We reiterate our strong opposition to any unilateral actions that seek to change the status quo by force or coercion,' they said. 'We express our serious concerns regarding dangerous and provocative actions, including interference with offshore resource development, the repeated obstruction of the freedoms of navigation and overflight, and the dangerous maneuvers by military aircraft and coast guard and maritime militia vessels, especially the unsafe use of water cannons and ramming or blocking actions in the South China Sea.' The ministers also condemned North Korea for continuing to launch ballistic missiles, expand its nuclear weapons program and engage in malicious cyberactivity. In a veiled reference to North Korean support for Russia in its war against Ukraine, they expressed 'deep concern about countries that are deepening military cooperation with North Korea, which directly undermines the global nonproliferation regime.'
