Aclara Expands Louisiana Rare Earth Facility to Include Yttrium, Gadolinium, and Samarium

【SMM Rare Earth Flash】 Critical Metals Corp announced that the Greenland government has approved the construction and closure permit for its Tanbreez rare earth mine, valid until 2050. The permit authorizes mining of 19 rare earth/rare-scattered elements, including heavy rare earths such as Dy, Tb, and Y, as well as PrNd. CEO Tony Sage called it a milestone, providing a clear operating pathway to 2050. The next step is final operating permits. The PEA shows a pre-tax NPV of US$2.7 billion and US$3.4 billion at 12.5% and 15% discount rates, respectively, with an IRR of 180% and payback under three years.

Rare earth trading slowed during China’s National Day holiday. Ample pre-holiday stocks and weak demand may weigh on oxide prices. Metal and magnet prices held steady. The market is quiet, awaiting Q4 peak-season demand in mid-October.

【SMM Rare Earth Flash】 Australian rare earth producer Lynas Rare Earths has announced an all-stock acquisition of Brazilian miner Meteoric Resources for A$968 million (approx. US$672 million). Under the agreement, Lynas will acquire all Meteoric shares at a fixed exchange ratio of 0.0207 new Lynas shares per Meteoric share, representing a premium of over 68% to Meteoric's last closing price. Upon completion, Lynas will gain Meteoric's Caldeira rare earth project in Brazil, potentially expanding its customer base as Western governments push for diversified overseas supply chains.