Look like one more REE recycling plant approved with the below in the EU , Tim and Brett really need to get they skates on as talk is cheap and money talks.

Caremag raises €216 million to build rare earths plant in France

Caremag's €216M investment in a French rare earth recycling plant marks a major step toward sustainable resource independence for Europe's electric vehicle sector.

March 21, 2025

Caremag, a subsidiary of French rare earths technical consultancy Carester, announced on Monday March 17 that it has secured €216 million ($235 million) to build a large-scale rare earth recycling and refining facility in Lacq, in southern France.

“This project aligns with the European Critical Raw Materials Act and represents a major step toward Europe’s independence in rare earths for permanent magnets,” Carester president Frédéric Carencotte said.

The plant, which is expected to be operational by late 2026, will recycle 2,000 tonnes of rare earth magnets and refine 5,000 tonnes of mining concentrates annually.

The plant is expected to produce 600 tonnes per year of heavy rare earth dysprosium and terbium oxides, which according to the company is around 15% of global production. China is currently the only commercial producer of heavy rare earth oxides, although there are projects underway in the US and Asia.

https://www.fastmarkets.com/insights/caremag-raises-216-million-to-build-rare-earths-plant-in-france/