US Grants $2 Million to ReElement for Rare Earth Processing

Brazil Rare Earths (BRE) has intersected ore bodies with total rare earth oxide (TREO) grades as high as 35.3% during step-out drilling at the Alto Hill deposit in the Rocha Project. At a depth of 115 meters, a 28-meter intersection graded 19.4%. Key elements included praseodymium-neodymium oxide at 5.96% and heavy rare earth dysprosium-terbium oxide at 0.305%, accompanied by high-value minerals such as niobium (1.7%) and scandium. Drilling has extended the ore body along strike to 1.2 kilometers and identified parallel ore bodies, indicating the area is becoming a world-class rare earth cluster. The company holds an inferred resource of 25.2 million mt (TREO grade 1%). Its low-temperature acid treatment process achieves a rare earth recovery rate of 97%.

Shenghe Resources (600392.SH) disclosed on the investor interaction platform that its majority-owned subsidiary Peak's Ngualla rare earth mine project in Tanzania has proven rare earth reserves of 18.5 million mt, with an average grade of 4.8%, translating to an REO content of 887,000 mt.

Brazil and India announced that the two countries intend to cooperate in the fields of critical minerals and rare earths based on a bilateral agreement signed on February 21. Both sides will work to promote the development of their respective critical minerals and rare earth industries and exchange technologies to strengthen mineral extraction. The President of Brazil pointed out that increasing investment and cooperation in renewable energy and critical minerals is the core focus of this agreement. The Prime Minister of India further added that this agreement is a key measure to build a "resilient supply chain."