Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Nice one Bob!!:)
Had a little top up today
Sloppy,great post thanks my friend !!,nice big buys popped up today
For those that missed in December.
http://www.mondaq.com/Article/887214
DoD Finalizes Interim Rule on Restriction on the Acquisition of Certain Magnets and Tungsten
On December 31, 2019, the DoD adopted as final, effective immediately, an interim rule published at 84 FR 18156 on April 30, 2019, that implemented Section 871 of the NDAA for FY 2019. Section 871 prohibits acquisition of samarium-cobalt magnets, neodymium-iron-boron magnets, tungsten metal powder, and tungsten heavy alloy or any finished or semi-finished component containing tungsten heavy alloy melted or produced in North Korea, China, Russia, and Iran. These materials play an essential role in national defense. For example, the magnets play a role in many military applications, particularly in aviation and navigation, such as sonar radar and guidance systems. Tungsten, as another example, is heavily used in military applications, such as bullets, shrapnel head, and bullet-proof vehicles. Section 871, which was effective in August 2018, imposes significant new restrictions at 10 U.S.C. § 2533c on the use of foreign magnets in the military supply chain.
DoD views these restrictions as similar to those found in the Specialty Metals Amendment (10 U.S.C. § 2533b). 10 U.S.C. § 2533c, however, prohibits "covered material" that was "melted or produced" in China, Russia, North Korea, or Iran. The prohibition in 10 U.S.C. § 2533c applies to where the alloy is melted and the subsequent sintering operation takes place. The prohibition does allow for exceptions, including when covered materials from non-covered countries cannot be acquired at a reasonable price within the required time frame and an exception for commercially available off-the-shelf magnets incorporated into end items for electronic devices.
Production of tungsten.
Added a description of the production of tungsten at DFARS 225.7018-2(c), to explain the applicability of the restrictions on the production of tungsten.
Added a tailored explanation of "required form" to the nonavailability exception for tungsten heavy alloy and certain magnets at DFARS 225.7018-3(d) and 252.225-7052(c)(2). No explanation of required form is necessary with regard to tungsten powder.