GOV'T FUNDING US HREE PLANT
Looks like the US Army is getting serious about the threat of a dependence on China for rare earths. The deadline is Dec 16 for for proposals for US HREE processing plant.
"Responses are due by Dec. 16. UCore, Texas Mineral Resources Corp (TMRC.PK) and a joint venture between Lynas Corp (LYC.AX) and privately-held Blue Line Corp are among the expected respondents, according to company officials and sources familiar with the matter.
The Army said it will fund up to two-thirds of a refiner’s cost and that it would fund at least one project and potentially more. Applicants must provide a detailed business plan and specify where they will source their ore, among other factors."
https://uk.reuters.com/article/uk-usa-rareearths-army-exclusive-idUKKBN1YF0HK
NEWS/Rare Earths
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