At present, Texas Rare Earth Resources Inc. is fully operating at a fund-raising issue of $ 1.6 million capital, the funds will be used for metallurgical studies West Texas Rare Earth project. Texas Rare Earth Resources Inc. revised the project plan. According to the revised plan, the rare earth project will be implemented  in phases, of which the mining operations require $ 60 million to 9,000 million, which is much less than the company $ 293 million announced last year.

"We believe this is the world's lowest cost rare earth mining project", said Anthony Parchetti, New Jersey investment banker and Chairman of the Board Texas Rare Earth Inc. when it comes to the phased implementation of the project.

Texas Rare Earth Resources, Inc. has HREO Round Top project in Texas, because of its geological structure and the big difference among other rare earth mines, therefore its capital strength has fallen dramatically. In the prophase work of the project, there will be a heap leaching project, which means that extracting rare earth with acid, then further refine, compared to the traditional pattern of rare earth smelting, this process is likely to become the alternative process. Currently HREO Round Top project is still in the early stages of metallurgical and mining survey and drilling.

Currently increasingly rare mainstream market is still down, some suppliers offer today continued to fall in the price of praseodymium, neodymium, dysprosium, gadolinium oxide and metal.

Praseodymium neodymium metal market, according to the supplier of Ganzhou area with tickets offer has been from 3.9 yuan / ton adjusted to 385,000 yuan / ton, while some businesses are still strong offer in 390,000, and reflect on the market, although there are 38,38.5 million price, but the volume is not. It is now part of the vendor to understand the current praseodymium, neodymium metal with no ticket prices have fallen below 330,000 yuan / ton to 328,000 yuan / ton. Since last week, some businesses to cut prices oxide, praseodymium, neodymium, have some quotes with the fall, according to Shanghai and is currently the supplier of Ganzhou neodymium oxide, praseodymium now mainstream with ticket price of 30 yuan / ton, with no votes is dropped 260,000 and below.

Today's offer has adjusted well as praseodymium, europium oxide, because the market is not good, some businesses have been clearing praseodymium oxide, no quotes or with a ticket price down around 10,000 yuan / ton to 500,000, according to the Shanghai regional traders said currently praseodymium oxide Shen grass with no votes more than 460,000. Europium oxide currently modest price adjustment, a slight concussion, the supplier said that now the actual transaction price is only 2,400 yuan / kg.

Dysprosium, gadolinium products prices due to weak demand, prices are also different ranges of decline. Last week, offer a smooth dysprosium in businesses offer 1.45 million yuan / ton began to move closer to the low range, according to Ganzhou vendors currently offer dysprosium is more concentrated in the 140-143 yuan / ton, the price of dysprosium iron is also a slight adjustment about 10,000 yuan / ton, light metal dysprosium market, prices from September to around 1.95 million with a vote fell to 190-192 yuan / ton. Gadolinium products current price is already the lowest level in 2011 after the historic increase to reflect the situation of gadolinium oxide with votes only 105,000 yuan / ton, the current gadolinium iron with ticket prices are also increasingly becoming reduced to about 115,000 / ton.
 

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At present, Jack Lifton, a consultant on rare earths, has interviewed Ian Chalmers of Alkane Resources. Jack Lifton is a Founding Principal of Technology Metals Research, LLC. He is also a consultant, author, and lecturer on the market fundamentals of the technology metals, the term that he coined to describe those strategic rare metals whose electronic properties make our technological society possible. These include the rare earths, lithium and most of the rare metals. 

Jack Lifton said, he doesn’t include Alkane on any of his lists because he just assume Alkane is a genuine polymetallic producer and since Alkane is not dependent on rare earths. That’s the point, but he looked at a statement on Alkane's website that Alkane will produce 1,200 tons of heavy rare earth mixed concentrate in its total.

Ian Chalmers said, the total is about 1,300 tons of heavy rare earths, of which 900 is yttrium. That is a very significant amount of yttrium. it would be the first commercial yttrium produced outside of China in this century. Ian Chalmers expects to start producing in the end of 2016.

It is reported that Alkane has signed an agrrement with Shin-Etsu. Shin-Etsu is not interested in as you’d expect being a magnet company they have no real interest, Alkane thinks we can sell double that if we produced more yttrium, there’s a couple of interested parties in other countries. Alkane wll certainly produce substantial dysprosium, terbium, gadolinium and all of the other, what Ian Chalmers calls, exotics, right through the whole spectrum.

Athens, AFP (Agence France Press) news: Greece, in which there is a considerable number of rare earth deposits, has received a Chinese delegation to discuss cooperation on Tuesday. Greek media reported that there are two exploration programs of rare earth at present,one is at sea, the other is on land.

Greek Environment Minister on Tuesday met with Chinese officials and entrepreneurs, and they talked about the cooperation between the two countries on exploration and production of rare earth metals. China has more than thirty-five percent of rare earth resources in the world. The EU enterprises have to import 14 kinds of strategic metals from China. Development of rare earth metals in Europe meet strict environment protection standards. Greece's mining industry accounts for three to five percent of gross domestic product value.

Greece is one of five European countries who have the reserves of rare earth metals and mineral. The other four countries are Sweden, Finland, Norway and Denmark. It is reported that there are rare earth resources which are worthy of 40 billion euros in Greek soil. Greek journalists said Chinese investors who are interested in Greek mine have agreed to cooperate in the level of science and technology, China has indicated that it will take advantage of these minerals in the future.

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