Ramaco, REalloys Sign MOU for US Rare Earth and Magnet Supply Chain

[SMM Rare Earth News Flash] The preliminary economic assessment of Ramaco Resources' Brook rare earth project in Wyoming showed that at an 8% discount rate, the after-tax net present value was approximately $1.2 billion, with an internal rate of return of 38%, initial capital costs of $473 million, and a payback period of approximately 5 years. The mine had a designed life of 42 years and was expected to produce 1,000 mt of total rare earth oxides annually. The project is the first new rare earth-critical minerals mine built in the US in seventy years, and construction of mining and pilot facilities is currently underway. The Phase 1 SRC processing facility of REalloys is expected to commence operations by the end of 2026 or early 2027, with a designed annual capacity of 525 mt of Pr-Nd alloy, 25 mt of dysprosium metal, and 12 mt of terbium metal.

[SMM Rare Earth News] US-based Ultra Rare Metals recently completed full ownership of the PCH rare earth project in Goiás State, Brazil. Through a share swap agreement, Ultra Rare Metals increased its previously held 50% stake to 100%. Upon completion of the transaction, former Canadian partner Appia Rare Earths & Uranium Corp. will hold 25% equity in Ultra Rare Metals. The PCH project covers a total area of 42,932.2 hectares, encompassing two mineralization systems: hard rock carbonatite and ionic adsorption clay (IAC).

[SMM Rare Earth Weekly Review: Rare Earth Market Shows Mixed Performance, Tug-of-War Between Upstream and Downstream Continues] Influenced by short covering by bears, futures prices rose, slightly boosting downstream willingness to restock. Procurement volumes for Pr-Nd oxide edged up compared to the previous period, and supplier quotes also rebounded slightly. As of today, Pr-Nd oxide prices fluctuated upward to 697,000-700,000 yuan/mt.