Australia's largest stock trading and investment forum Australia's #1 stock forum

Related article...

First 257 Last

Share
Profile

Follow
bluesamurai

10,430 Posts.

1553

01/06/24

12:41

Post #: 74117158
Share

Originally posted by bluesamurai: ↑

Rare earth permanent magnets are not only essential components in a range of defense capabilities, including the F-35 Lightning II aircraft, Virginia and Columbia class submarines and unmanned aerial vehicles, but also a critical part of commercial applications in the United States. They are also used to generate electricity for electronic systems in aircraft and focus microwave energy in radar systems.  Since 2020, DOD has awarded more than $439 million to establish domestic rare earth element supply chains. This includes separating and refining rare earth elements mined in the U.S., as well as developing downstream stateside processes needed to convert those refined materials into metals and then magnets.  "DOD's strategic investments are building capability at multiple stages of the rare earth supply chain and will provide a clear signal to private capital that the time is right to build additional resiliency," said Danielle Miller, acting deputy assistant secretary of defense for industrial base resilience. "We are on track to meet our goal of a sustainable, mine-to-magnet supply chain capable of supporting all U.S. defense requirements by 2027."  QUOTE ARR was involved early in building awareness of its capabilities with Federal and State Governments that inspected the La Paz site some years ago. Since that time the company has achieved a rapid growth in resources and seen headway in processing technologies that will play a major role in gaining the grants being awarded. In the crucial election cycle ahead both parties will be trying to gain votes in valuable State seats . ARR will end up a recipient of these grants in some form large or small looking forward to announcements ahead IMO

Expand

Related article

https://www.defense.gov/News/News-Stories/Article/Article/3700059/dod-looks-to-establish-mine-to-magnet-supply-chain-for-rare-earth-materials/
Upvote

Reply

Top Stories

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 257 Last

Related article...

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Clinuvel shares dip, even as CEO comes back from temp leave

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News

Related article...

Top Stories

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Clinuvel shares dip, even as CEO comes back from temp leave

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News