Noticed the hook up between HAS (REE near term producers in Auz) and Neo Performance. HAS taking 22% to get production expertise and market exposure. Now Neo going for it in Greenland. Great news for us. Cements REE in Greenland. And a place we can send our ore. Awesome !!!
"Toronto-based Neo Performance Materials, the rare earths processor, said Monday it plans to develop the Sarfartoq deposit in southwest Greenland and will send the ore to its facility in Estonia in Eastern Europe. It’s one of only two plants outside China that processes rare earths to a high degree.Neo aims to have the mine running in two to three years. It will be the company’s first major mining project. CEO Constantine Karayannopoulos said that by opening the mine, he hopes to shield the company from volatile rare earth prices, which have shot up in recent years due to supply disruptions and strong demand."
EPM Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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