LYC 0.57% $7.06 lynas rare earths limited

Quest belly up, page-2

  1. 78 Posts.

    -just adding some meat to the bone on your Quest post as I did a bit of digging.

    they were filing patents 2 weeks ago and looking like the transport risk was mitigated.. Root cause was that a company (Staightline) who would supply air transport for their REs has pulled plug on MOU from last November.

    No point having large deposits and high grades when you cant get it to the market.

    MOU with Straightline

    "Under the Memorandum of Understanding (MOU), SLA will operate a fleet of seven of the world’s first heavy-lift cargo Hybrid Airships, the LMH-1. The airships will transport personnel, critical supplies for mine operations, and carry more than 200,000 tonnes of rare earth ore concentrate annually for delivery to Quest’s Bécancour refining facilities."
 
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