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Bringing jobs back to North America in the mining friendly regions of Quebec and Texas
Used to produce high-strength permanent magnets, now ubiquitous in mobile phones and laptops as well as energy-efficient electric motors and generators in EVs, wind turbines, appliances and hundreds of other applications.
Used to produced functional and decorative ceramics, structural ceramics, cutting tools, dental crowns, electrical capacitors, tiles and more.
Rare earth elements are used to produce anode materials for nickel-metal hydride batteries used in hybrid electric vehicles and consumer electronics like cordless power tools and shavers.
Used for energy efficient lamps, display screens and avionics, ceramics for jet engine coatings.
Used to polish optical glass, hard disk drives, LCD display screens and gemstones. Also used for UV-filtering glass coatings and high-quality optical glass for camera lenses, microscopes and telescopes and for phosphors in display screens and avionics.
Used in some types of steel and ductile iron making as well as in a variety of different alloys. Used in catalytic converters in gasoline and diesel-powered vehicles, fuel cracking and other oil refinery processes and in the aerospace, agriculture, high-tech and chemical industries.
REE prices reached a bottom in 2016 from the 2011 highs, and stayed at stable prices until 2019, but high demand elements like Neodymium (Nd) and Praseodymium (Pr) have since reached new highs.
China’s industry ministry met automakers and battery companies last month to discuss surging prices of rare earths.
The Chinese price of praseodymium-neodymium alloy used to make super strong magnets used in EV motors doubled last year and has already shot up more than 10% so far in 2022 to $184,072 per tonne.
-Feb 7, 2022 (https://www.reuters.com/article/rareearths-prices-idUSKBN2KC0Z1)
3-year historical average pricing ~US $55/kg for Neodymium and Praseodymium, below current prices.
Key global megatrends are driving strong and diversified demand for rare earths in permanent magnets
Sources: 1. Adamus Intelligence. 2. Edison. 3. Curtin University.
All from Sprott REE Conference, Nov 23, 2021
Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035.
All from Sprott REE Conference, Nov 23, 2021
The green technologies of the future—electric vehicles, wind turbines, drones, and more—depend on powerful rare earth magnets to turn energy into motion.
Without a consistent and trusted supply, the entire supply chain for critical magnetic materials has shifted to Asia, primarily China.
Today, China dominates the rare earth industry, producing over 80% of global supply.
Advisor
Mr. Vanry is a Chartered Financial Analyst (CFA) and Chartered Investment Manager (CIM) and is a member of the CFA Institute as well as the Vancouver Society of Financial Analysts. He brings over 25-years of professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting, and financial reporting. He is well regarded for his leadership, creativity, and ability to foster collaborative environments for team driven projects. His breadth of experience spans various industries, including mining, oil and gas, renewable energy, high-technology, and manufacturing.
Director
Mr. Mukhija brings over 15 years of experience in the mining industry including roles with global mining companies such as Teck Resources, Barrick, BHP Billiton, and TransAlta. Since 2018, Mark has been the General Manager (Australia) for Motion Metrics, an industrial artificial intelligence and machine learning company catering to the mining industry with a specific focus on safety and productivity. Mr. Mukhija is responsible for the P&L, business development, project management, and logistics of the Motion Metrics (Australia) operations. With BHP Billiton, Mark was responsible for life of mine planning and asset value optimization. At TransAlta, Mr. Mukhija began as the Engineering Team Leader at the Sunhills Mine with 14 direct reports and then moved into a capital planning supervisory role where he was responsible for a $60mm annual capital expenditure budget for the operation. Mr. Mukhija is a Professional Engineer and graduate from the University of British Columbia with a Bachelor of Applied Science in Mining Engineering (2003).
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