Brazil Proposes State-Owned Rare Earth Enterprise, Aiming to Boost Global Mineral Cooperation

European Resources Company, listed on the Australian Securities Exchange, has significantly expanded the Mineral Resource Estimate (MRE) for its Korsnäs rare earth project in Finland, with inferred resources of 15.4 million mt at a grade of 1% total rare earth oxides (TREO) and a cut-off grade of 0.5% TREO. In less than a year and a half, the Korsnäs MRE has more than doubled, driven by the expansion of the geological and assay database, the incorporation of new drilling data and assay results, and the refinement of the geological model.

Sprott announced the launch of the world's first ETF excluding Chinese rare earth companies — the Sprott Rare Earths Ex-China ETF (Nasdaq: REXC), which tracks the Nasdaq Sprott Rare Earths Ex-China Index (NSREXC). The index is designed to track the performance of enterprises engaged in rare earth mining, separation, refining, and production globally, but excludes companies headquartered in or primarily operating in China.