Greenland Grants Exploration License to Greenland Mines for Sarfartoq Rare Earth Project

[SMM Rare Earth Daily Review: Pr-Nd Under Pressure with Pullback, Medium-Heavy Rare Earth Continues to Hold Up Well] On the whole, the rare earth market shows mixed performance. Pr-Nd products experienced slight price pressure due to sluggish inquiry activity, while medium-heavy rare earth products continued to hold up well supported by tightening low-priced supply sources and increased inquiries. The overall spot transactions in the rare earth market remained in a stalemate. It is expected that in the short term, Pr-Nd product prices may move sideways in a narrow range; for medium-heavy rare earth, supported by the persistent difficulty in finding low-priced supply sources, prices of products such as dysprosium, terbium, and holmium are likely to consolidate on a strong note.

Infleqtion, a quantum computing enterprise listed on the NYSE, announced that it plans to conduct field verification of quantum gravity gradient measurement technology in Colorado next year, which could bring a new method to understand underground conditions and help consolidate the US critical minerals supply chain.

Ramaco Resources announced on the 19th that it has signed a non-binding memorandum of understanding with Indium Corporation to supply gallium and germanium from its Brook rare earth and other critical minerals project in Wyoming. Ramaco is developing critical minerals and rare earth elements at the Brook mine, which the company considers to be the largest unconventional rare earth and critical minerals project in the US from coal-carbonaceous rock series.