Curated News
By: NewsRamp Editorial Staff
April 18, 2024
Rainbow Rare Earths Reveals Encouraging Results from Uberaba Project in Brazil
TLDR
- Investing in Rainbow Rare Earths offers potential for high recovery rates and sustained output in the rare earth elements market.
- The Uberaba project in Brazil focuses on extracting rare earth elements from phosphogypsum stacks using a method previously used in the Phalaborwa project in South Africa.
- Rainbow Rare Earths' collaboration with The Mosaic Company on the Uberaba project has the potential to make the world better by providing a sustainable supply of rare earth elements for the next 25-40 years.
- The positive initial test results from the Uberaba project in Brazil show potential for high recovery rates due to the similarities in the mineralogy of the phosphogypsum compared to the flagship Phalaborwa project.
Impact - Why it Matters
The collaboration between Rainbow Rare Earths and The Mosaic Company to extract rare earth elements from phosphogypsum in Brazil has the potential to impact the global rare earth market. If successful, this project could lead to increased availability of rare earth elements, which are crucial in the production of various high-tech products, from smartphones to electric vehicles.
Summary
Rainbow Rare Earths Ltd CEO George Bennett discusses the latest test results from the company's collaboration with The Mosaic Company on the Uberaba project in Brazil. The project focuses on extracting rare earth elements from phosphogypsum stacks, with positive initial test results showing potential for high recovery rates. The collaboration aims to develop a long-life mine expected to supply phosphogypsum for 25-40 years, with significant scalability potential.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Rainbow Rare Earths Reveals Encouraging Results from Uberaba Project in Brazil
