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Definition of JORC resource results hopefully by months end as...

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bluesamurai

8,783 Posts.

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02/03/23

16:51

Post #: 66567445
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Originally posted by bluesamurai: ↑

The new supply chain arrangement, set to start operating in July, backs up the US and its allies’ plans to cut China’s role in their critical supply chains.Sumitomo anticipates it will supply 3,000 tonnes of neodymium and praseodymium a year to Japanese magnet makers, equivalent to about 30% of their annual consumption.President Joe Biden has boosted efforts to help critical minerals companies speed up plans to produce locally. Last year, his administration gave MP Materials a $35 million Pentagon grant to help it acquire further equipment to process rare earth minerals in California. QUOTE US Government building up domestic supply of rare earth, ARR is in a good position to be assisted to enhance supply and processing capability IMO.

https://www.mining.com/us-only-rare-earths-miner-to-bypass-china-in-supply-deal-with-sumitomo/

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Definition of JORC resource results hopefully by months end as mentioned in release 23/2/23 will ignite interest from the market at a very critical time in the industry. There is massive change present among all relevant players, being in the US provides an excellent chance for ARR to prosper. The market is responsive and will not hesitate if the overall story is well understood IMO.
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