Please study our 2019-11 speech at Cambridge House for details on our activities.

“Here’s a quick summary of our model. What we are going to be processing is 1.5 tons per day of magnet waste. What is magnet waste? It gets produced from grinding down the magnets down to final shape and, as well, the end of life material. It’s all running at 30% rare earth elements. It doesn’t matter if I’m getting a magnet from China, from the US, from Canada or from wherever — it’s always going to be running at approximately 30%. It always has those four elements: NdPrDyTb. I don’t have to deal with any of the cheap elements, like lanthanum and ceriums.

Low capex, $2.6 million dollars, to process 1.5 tons per day over eight hours. That’s our starting point. That, with an operating cost of $3.00 per kilogram of the total rare earths, can generate $10 million dollars. On a $2.6M investment.

The profit margin is 20%.

If I drive it up to full 24 hour operation, then that gives me 4.5 tons per day. Do the math, with that you can generate $30 million dollars of sales with $6-8 million of profits on a $2.6 million dollar investment. That’s starting to sound very interesting. Now, let’s see where we are. This year we’ve completed the pilot plant work, the optimization, equity financing with a strategic investor, and the FEED study which is an engineering study that has been published just a month ago. Now, we are working on selecting the location in Quebec then the financing, the debt, and the government financing that is about to be announced very shortly as well. By the end of this fourth quarter, we start the engineering, procurement, and construction phase with offtakes to be announced probably at the beginning of next year.

Plant commissioning in 2020.

If you want to invest in rare earths and are looking to invest in a company that will have cash flow, this is probably the only company that you can look at investing in on the public markets…”

Visit us at VRIC2020 to discuss with Kiril in person.

KIRIL MUGERMAN, 2019-11 SPEECH “Rare Earths, Refining, Recycling” Kiril Mugerman at Cambridge House in San Francisco, November 2019. Going from figuring out what gold is doing next, we’ll go to rare earth elements. We’ve been hearing a lot from the US government, Canadian government, and others all over the world what is happening in this sector.