Curated News
By: NewsRamp Editorial Staff
March 17, 2025
Royalty Management Holding Corporation Partners on Chilean Heavy Rare Earth Mine
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- Royalty Management gains equity option in NeoRe's La Marigen project, securing access to valuable rare earth elements for competitive advantage.
- Royalty Management partners with NeoRe, acquiring equity to develop a Chilean rare earth mine with significant rare earth element deposits.
- NeoRe's La Marigen project aims to accelerate commercialization through partnerships, contributing to renewable energy and electrified mobility, enhancing the world's sustainable future.
- Demand for heavy rare earth elements like Dysprosium and Terbium is surging, driven by renewable energy and defense applications, highlighting the importance of diversified supply chains.
Impact - Why it Matters
The demand for heavy rare earth elements like Dysprosium and Terbium is increasing due to the growth of the electrified economy, renewable energy sources, and defense applications. Royalty Management's partnership with NeoRe signifies a strategic move to capitalize on the rising demand for rare earth elements. This news highlights the importance of diversifying the supply chain and increasing domestic production of rare earth elements to meet the growing global demand.
Summary
Royalty Management Holding Corporation partners with NeoRe SpA to acquire equity option in the La Marigen ionic REE clay project, containing rare earth elements Terbium, Dysprosium, Praseodymium, and Neodymium. This partnership allows Royalty Management to participate in the growth of NeoRe through equity participation. The La Marigen Project consists of five license areas within ionic adsorption clay deposits that contain valuable rare earth elements. NeoRe is also looking to incorporate localized processing and refining into the project, enhancing its commercialization opportunities.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Royalty Management Holding Corporation Partners on Chilean Heavy Rare Earth Mine
