Red Mountain acquired the Mt Mansbridge HREE project in December...

Red Mountain acquired the Mt Mansbridge HREE project in December 2020.

Mt Mansbridge is a Kimberleys based heavy rare earths and nickel-cobalt project, and at the time of acquisition management noted that heavy rare earths were a critical and strategic component of the modern economy and that this was being reflected in recent healthy price rises in November, particularly in relation to dysprosium and terbium.

Promising results from an assessment of radiometric data at Red Mountain Mining’s Mt Mansbridge heavy rare earths (HREE) project has put the company in a strong position to reach several milestones in the coming months

From this, global interest for new, sustainable sources of heavy rare earth supply outside of China has grown substantially.

Mt Mansbridge could, thus, be a strategic asset, prospective for critical and high value heavy rare earths, providing investors exposure to heavy rare earths.