Energy Fuels Corporation (NYSE: UUU), in partnership with Nanoscale Powders LLC (NSP), plans to develop new technology for the production of rare earth metals. The company believes that this technology, initially developed by NSP and to be advanced by the UUU-NSP partnership, has the potential to revolutionize the rare earths manufacturing industry by improving safety, reducing production costs, and energy consumption, and significantly reducing greenhouse gas emissions.

Rare earths have been a crucial input to high-tech innovations in recent years, including hybrid cars, cell phones, silicon chips, high-strength magnets, next-generation rechargeable batteries, biofuel catalysts, advanced juvenile guidance systems, etc. The world is looking for alternative supply chains, and India, with its reserves of rare earth elements, would take advantage of this.

Falcon Gold Corp said it has received final approval from TSX Ventures to advance an option to acquire the Viernes project 122 kilometers southeast of the city of Antofagasta, Chile, during which it will undertake the Viernes porphyry copper-molybdenum mineralization and gold-silver project. The company will issue 500,000 shares and make a minimum expenditure of $250,000 for an 80% interest in the project.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market continue to be stable as the market is greatly affected by the holiday of Chinese Spring Festival.