Latest Rare Earths Development News

Viridis Mining and Minerals is expanding its Viridion joint venture to develop a rare earth refinery in the U.S., leveraging Brazilian feedstock and proprietary technology to meet growing demand for secure, non-Chinese rare earths.

MTM Critical Metals and Meteoric Resources have signed a non-binding MOU to develop a breakthrough Flash Joule Heating process that upgrades rare earth elements from Meteoric’s Caldeira project, promising a faster, cleaner alternative to traditional refining.

Ionic Rare Earths has announced a $3 million capital raise via convertible notes, aimed at advancing its rare earth projects across multiple continents. The raise, pending shareholder approval, underscores the company’s strategic push into sustainable rare earth extraction and recycling technologies.

European Lithium has announced a significant addendum to its Tanbreez Project Mineral Resource Estimate, adding 180 million tonnes of feldspar and arfvedsonite to the existing rare earth elements resource base. This broadens the project's economic scope and underlines its potential as a world-class rare earth development.

Brazilian Rare Earths Limited has secured a strategic partnership with SENAI CIMATEC to co-develop a rare earths laboratory and pilot plant in Bahia, Brazil, backed by significant funding and aimed at advancing processing capabilities ahead of production.

Ark Mines Ltd has successfully raised A$1.5 million through a fully subscribed placement, enabling a faster development of its rare earth project in North Queensland.

Lindian Resources has made significant strides in advancing its Kangankunde Rare Earths Project, securing key construction contracts, initiating site works ahead of schedule, and strengthening its leadership team. The company is also progressing downstream testwork with ANSTO and actively pursuing funding opportunities to underpin development.

Viridis Mining and Minerals has announced a landmark 140% increase in its Colossus Project's rare earth resource, now the largest and highest-grade ionic adsorption clay deposit worldwide. A recent Scoping Study confirms the project's exceptional economics and low-cost profile, positioning it as a global leader in rare earth production.

Mont Royal Resources has announced a transformative merger with Commerce Resources, creating a dual-listed Canadian-focused critical metals company anchored by the Ashram Rare Earth and Fluorspar Deposit in Quebec.

Australian Rare Earths Limited (ASX: AR3) has successfully raised $3.6 million through a fully subscribed rights issue, backed strongly by existing shareholders and directors. The capital injection positions AR3 to advance uranium exploration and rare earth development amid favorable geopolitical shifts.

Iluka Resources reported a 32% drop in net profit after tax to $231 million for 2024, while securing critical funding for its Eneabba rare earths refinery and progressing the Balranald mine development.

Red Metal Limited's recent infill drilling at the Sybella Rare Earth Project confirms robust continuity of high-grade rare earth oxide mineralisation, reinforcing the project's inferred resource and advancing its development prospects.