Partial attempt in answering my wn questions;
Link to latest USARE presentation - Microsoft PowerPoint - USAR - Investor Presentation_March 2025
Looks like their initial demand for NdFeB will be to support 1200T/annum of magnet production - so 60% from ASM equates to some 720T/annum? Commissioning early 2026 which lines up with Rowena's comments regards 2025 being quiet but things kicking off early 2026!
They also have their own US located RE resource at Round Top, Texas. Looks like a large ore body a bit like Dubbo in that it has both LREE and HREE as well as zirconium/hafnium but is some 5 years from oxide production. So likely to need ASM for at least that 5 year period but possibly partner beyond that to have ASM refine those US sourced oxides into NdFeB at a US metals plant and secure the complete min to metal supply chain??
Partial attempt in answering my wn questions;Link to latest...
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