IXR (ASX) IXR media coverage

Originally posted by skijapan ↑

//Companies

6 months rare earth stock price developments

Share price from beginning January until end of June:

Meteoric Resources +286%. A gold miner focussing on an IAC deposit JOGMEC had given up on in Brazil. The company claims to have JORC compliant resource of ca. 1 mio t TREO, about 10 times the size of an average IAC deposit;

Atlas Lithium +206%. A lithium and gold focussed company with undefined rare earth potential, also in Brazil;

VR Resources +191%. A copper-gold-diamonds focussed company with some interesting drill results for rare earths in Ontario, Canada;

Lindian Resources +123%. Lindian succeeded in wrestling the Kangankunde, Malawi deposit from the Santer family, who had skinned Lynas a decade earlier. It is a monazite(Ce) deposit, with very high La/Ce contents, but reportedly negligibly low thorium/uranium contents. Proportional NdPr content of 20% is just normal;

Aclara Resources +87%. Aclara hold the small Penco IAC deposit in Chile. Based on a Chilean patent they acquired they want to produce a mixed rare earth carbonate.

American Resources Corp +48%. AREC are a coal company, holding a subsidiary whose aim is to extract rare earths from coal-based resources;

Shin-Etsu Chemical +47%. Shin-Etsu a PVC/chemical company and it also is a rare earth magnet company with rare earth-related operations and joint ventures in China, Vietnam and Japan;

Toyota Tsusho Corporation +46%. Toyotsu are a general trading company affiliated with Toyota Motor Corp. Toyotsu’s activities include a rare earth separation factory in India, which it acquired from Wako Trading around 2011. Toyotsu are also active in critical metal recycling;

Ucore Rare Metals Inc. +42%. Ucore are one of the rare earth dinosaurs. Holders of the small Bokan Dotson Ridge rare earth deposit in Alaska. For a decade Ucore focussed on acquiring various technologies for rare earth processing. The latest attempt is called RapidSX™, a solvent extraction process with less than half the columns needed for traditional SX processing. We can’t find any published actual test run results.

Southern Alliance Mining +40%. Focussed on iron ore, the company recently took possession of a China-Malaysia joint venture to operate an IAC deposit in Perak, Malaysia, with the objective to ship concentrate to China;

Geomega Resources Inc. +40%. Geomega focus on recycling or NdFeB magnets and extraction of valuable contents from bauxite/alumina processing waste, “Red Mud”. The company is recipient of several government grants;

Daido Steel Co., Ltd. +38%. Among other products, Daido are a rare earth permanent magnet company;

Ark Mines Ltd. +37%. A cobalt-copper-nickel-scandium company with a rare earth deposit attached, with also had been explored by JOGMEC before and given up.

Platina Resources Ltd. +36%. Platina is a gold company with a 20 t per year scandium project;

Canada Rare Earth Corp +33%. CREC is actually a raw material sourcing/trading company for its ultimate controller in China. CREC is the monazite customer of Auxico;

TDK Corporation +28%. TDK is a leading magnet manufacturer and user, now bases on the acquired the rare earth operations of Showa Denko in China and Vietnam;

Sojitz Corporation +26%. A traditional Japanese general trading corporation formed as a result of the merger of Nissho Iwaii and Nichimen. Sojitz are JOGMEC-financed Lynas’ rare earth sales agent to Japanese customers;

Eagle Plains Resources +21%. Eagle Plains is an exploration company (“project generator” who is flipping deposits to developers. They currently hold four rare earth deposits in their portfolio;

Iluka Resources +16%. A heavy mineral sands company with a stockpile of monazite. With the support of a government investment of A$1.2 bio working on a full rare earth separation facility. Iluka have strategic agreements with other rare earth companies;

Lithium Corporation +13%. A lithium and graphite company with some potential for rare earth attached.

These were the double-digit share price gains, very few pure rare earth plays.
There are 52 mostly pure rare earth play western companies with double digit share price declines during H1 2023. Here the list of those, who lost 50% or more:

Ionic Rare Earths -69%. The home-made feasibility study and the scandalous developments around their leaderships involvement in a potentially competing project did not induce investor confidence;

Enova Mining -66%. Enova’s Charley Creek project has been around for ages. At 0.029% TREO this is basically perhaps an HMS project, but certainly not a viable rare earth project;

Caspin Resources -65%. Basically yet another gold-copper-nickel miner, who seeks attention by using some preliminary rare earth find at their Mount Squires Duchess East Prospect;

Search Minerals -61%. Their home-made PEA for their sub 1% TREO Deep Fox/Foxtrott deposits overestimates revenue by 2 times. No return of investment possible;

Hastings Technology Metals -61%. Basically the company is falling victim to its own excessive over-estimation of its success potential. For only 2 of Hastings 14 deposits there is a feasibility assessment, which the company changed into a hype executive summary with “additional targets” and fantasy revenue. Pretty much everything feasibility-related the company presents is vastly overblown;

Mount Ridley Mines -60%. The company is yet to declare a maiden resource for its Mount Ridley project;

ACDC Minerals -59%. This new, somewhat Medallion Resources-related company has yet to find a footing. Currently they look at HMS;

Medallion Resources -59%. One of the rare earth dinosaurs, concentrating on monazite processing know-how, which may be a hard-seller. No exploration or mining;

Vital Metals -52%. The entry of Vital Metals into rare earth was a brainchild of dismissed Vital MD Geoffrey Atkins, a former corporate affairs department manager at Lynas. The idea to shortcut costly exploration and documentation in order to go gung-ho hit a brick wall. Atkins was ejected and the company now tries to put the Nechalacho project on a more solid footing;

Auxico Resources -51%. Auxico made a number of colourful announcements about having secured rare earth deposits, claiming outlandishly high TREO. The company tried to generate cash-flow through trading whatever and was occasionally successful in doing so, albeit far below the self-generated expectations;

Dreadnought Resources -50%. Dreadnought and a number of other companies tried their rare earth luck around Hastings’ Yangibana region, wanting to benefit from the hype around Hastings. Now they are getting dragged down by the Hastings sell-off;

Meeka Metals -50%. Another gold miner testing rare earth as a share-price booster. Their IAC Cascade maiden resource of 98 mio t at 0.089% TREO around Esperance WA is yet to be further explored.

Monumental Minerals -50%. A lithium explorer, who tries to jockey on rare earths for a share price boost.

Mostly the misery of mee-toos wanting to hop on to the long-departed train of rare earth.
Pure rare earth junior miner stocks declined between up to 35%, along the rare earth price development, the only thing to hold on to for investors, apart from fake market reports.
Chinese rare earth share price declines in H1 2023 were in the single digits.

https://treo.substack.com/p/china-u...d-ga?utm_source=substack&utm_medium=email

Expand

A notable omission of Pensana which if i recall was the stock you and china we're all in on?
That was the worst performer of all down 80% since January.

Given the link personally refer to that company in the subject title I assume they tear apart their plans in the paid subscription portion of the article.

Those plan (with no feasibility or documentation to support it) to apparently build a project which was 370m capex has magically become 200m. Which magically only 105m needed today.

All of which is unsupported by anything that could remotely be considered a feasibility study.

the 2019 concentrate only plant was 135M usd. Now apparently you can get a couple refineries and a concentration and all the infra/power upgrades for less than you could in 2019. gltah.

Has the house got any panes of glass left?

SF2TH

(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $66.7M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.4¢	$410.4K	28.56M

No.	Vol.	Price($)
26	10079505	0.014
51	19604222	0.013
23	8827012	0.012
14	8435229	0.011
20	13049005	0.010

Price($)	Vol.	No.
0.015	1879799	8
0.016	7726198	9
0.017	4073027	9
0.018	3789192	14
0.019	5580237	19


Last 1.5¢		Change 0.000 ( 3.33 %)
Open	High	Low	Volume
1.5¢	1.5¢	1.4¢	8190868
Last updated 15.58pm 26/04/2024 ?

A notable omission of Pensana which if i recall was the stock...

Featured News

Raiden’s jump into lithium territory in WA’s Pilbara echoes earlier journey by Azure

Are there gains to be made with the grocery giants?

BHP confirms £31.1B takeover bid for Anglo American

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Recce Pharmaceuticals up 6% on new antibiotic production milestone

1970s on repeat, but there's a silver lining!

Recharged Prospects: 'Watts' on the horizon for copper & lithium

Lithium Universe reveals plan to fill a 'gap' in the North American market

Crypto world awaits overnight Bitcoin halving event

Buyers (Bids)

Sellers (Offers)

Featured News

A notable omission of Pensana which if i recall was the stock...

Featured News

Top Stories

Raiden’s jump into lithium territory in WA’s Pilbara echoes earlier journey by Azure

Are there gains to be made with the grocery giants?

BHP confirms £31.1B takeover bid for Anglo American

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Recce Pharmaceuticals up 6% on new antibiotic production milestone

1970s on repeat, but there's a silver lining!

Recharged Prospects: 'Watts' on the horizon for copper & lithium

Lithium Universe reveals plan to fill a 'gap' in the North American market

Crypto world awaits overnight Bitcoin halving event

Buyers (Bids)

Sellers (Offers)

Featured News