Strategic Minerals said its 100% owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its existing Redmoor Tin and Tungsten Project exploration license agreement.

Defense Metals Corp. announced access to a total of 3.81% rare earth oxides over 117 meters; including 4.87% over 38 meters at Wicheeda. Results from six additional diamond drill holes totaling 879 meters from the Company's 29-hole, 5,349-meter diamond drilling program were completed in the fall of 2021. Drill holes WI21-51 through WI21-56 were drilled at the same location and within the southern portion of the Wicheeda rare earth element (REE) deposit.

According to the Korea Institute of Materials Science (KIMS), the performance of grade 42M commercial rare earth magnet can be achieved with 30% less neodymium than before. Due to the growing demand for anisotropic Nd-Fe-B permanent magnets for high-efficiency motors for hybrid/electric vehicles and wind turbines, the shortage of Nd resources has become a serious problem.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable greatly affected by the continued weakness in the demand side. With the approaching of May Day holiday, market transactions are expected to be low.