USA Rare Earth, Geomega to partner on waste recycling
“THE $14 BILLION-A-YEAR RARE EARTH MAGNET MARKET IS MORE THAN 60% CONTROLLED BY CHINA AND INDUSTRY SOURCES ESTIMATE IT WILL NEARLY DOUBLE BY 2027”
USA Rare Earth, Geomega to partner on waste recycling – MINING.COM
Geomega Resources (TSXV: GMA), a rare earth clean technologies developer, and USA Rare Earth, the funding and development partner of the Round Top heavy rare earth project in Texas, announced Thursday that they have entered into a letter of intent (LOI) to recycle rare earth-containing production waste from USA Rare Earth’s future production of sintered neodymium iron boron permanent magnets.
The Geomega-USA Rare Earth LOI follows on a collaborative agreement between USA Rare Earth and Australia’s Arafura Resources, involving processing work at USA Rare Earth’s Colorado pilot plant, which opened in June.