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Just a snippet of a recent rare earth study....currently US gov throwing cash at this as there will be a shortage of these minerals,I seem to recollect AW mentions “other minerals” in that last interview......I wonder if there is potentially anything cash generative in the mineral department in our by products from the processing plants?
https://www.globenewswire.com/news-release/2019/04/12/1803248/0/en/Texas-Mineral-Resources-Consortium-Successfully-Produces-Multiple-High-Purity-Rare-Earth-Elements-from-Pennsylvania-Coal-Mining-Waste-Material.html
Really positive potential which is always nice to see
With Government Grants in the offing for processing the spoil and tailings from the open-cast mining of anthracite in Pennsylvania, I can see the ACG directors eager to get a bit of the action and further add to potential income from rare earth minerals, provided they are in commercial quantities.
As Adam Wilson was always keen to point out, anthracite with its high proportion of carbon (91% to 95%) is not far off being a diamond (99%) and the unique terrain of Pennsylvania with its coal deposits accumulated under tremendous pressure leads to deposits of secondary materials that have high value if in quantity.
Another positive message along with Trump enforcing his tariffs to benefit USA steel production can only be good news for us patient shareholders from Atlantic Coal days.
This may also be encouraged as the USA moves to be more self sufficient and taking less from others, electric cars and batteries are huge.
https://bestmarketherald.com/global-rare-earth-metals-market-to-expand-at-13-0-cagr-2012-2018-driven-by-surging-demand-from-chinaglobal-rare-earth-metals-to-reach-us8-1-bn-by-2018-cerium-oxide-to-emerge-as-key-contributor/
Even more encouraging news to amplify the possibility of increased income for ACG from the by-products of the spoil and tailings ... rare earth minerals (if found, but highly likely) would be the icing on the cake.
Top info.....it won’t be just a few pi,s on bulletin boards working this out...even though it seems like it sometimes!......I wonder how much trouble and cost is involved to refine these minerals at the grading/wash plant?......
I have also posted the same, as here, on Atlantic Carbon's Twitter page (@Atlantic Carbon) to get as much notice as possible ... please retweet to spread the word to the powers that be.
The infrastructure to separate rare earth minerals can be quite expensive and labour intensive. It requires a crushing plant, separators (revolving drums) and high powered water and air blasting equipment, but if the amounts are there in quantity and are commercially viable, there is every chance that the US Government will offset some of the costs of implementation with substantial grants. It would also mean more jobs and value to the State of Pennsylvania.
Thanks kentan,I’m sure they could do a small scale run to see if it’s viable or share the spoils with a specialist company.....lots of possibilities but of course “we need investment “.......as a certain ex ceo mentioned......a few times!
So come on ACG get those numbers out,get listed and then the big decision/worry I will have is what portion of my investment to leave in the capable hands of the company!.......