From raw materials to magnets. Maybe chicken feed but it more that PRE have received, and its two grants.. Funnily enough ATF prefer to spend less of tax payers money to get the desired results.
As you know, Less Common Metals was awarded funding in November to conduct a feasibility study to identify the requirements for a fully integrated supply chain for Rare Earth Permanent Magnet production in the UK. We can now share the news with you that we have been given support from the UK Government on a second occasion to carry out a feasibility study to consider the requirements for a magnet plant in the UK.
The initial feasibility study, awarded as part of the Automotive Transformation Fund (ATF), has allowed LCM to evaluate the first steps including raw material sources, production of concentrates and separation into individual rare earths, prior to processing into metals onsite, and then alloys for supply to a magnet production facility.
This next study will enable LCM to develop a detailed scope for a rare earth permanent magnet manufacturing facility in the UK. The focus will be on innovation and the study will investigate, market opportunities, location, size of the plant, amount of feed required, health and safety, environmental impacts, local community and employment.
Rare earth-based permanent magnets are the most powerful magnets commercially available and find use in many key applications such as electric vehicles, wind power, low energy pumps and chemical couplings. The rare earths required for such magnets are critical materials and the current overdependence on China for supply gives huge strategic vulnerabilities.
Off topic for share prices but Australia were right to dump the French subs. The design was sold to China by a traitor a few yews ago a making the stealth features useless. Added to cost at 4x a far-far more capable nuclear sub. No-brainer choice by the Aussies.
RE: European Metals Lithium EU projects we 'could' get.16 Sep 2021 22:17
>>As for chemical process, both CUSN & EMH are both at the same time with the same mica looking at new processing involving bulk drying. Coincidence or just natural progression ?
CUSN have nothing to do with mica. They get a fee from the brine lithium extraction that CL are performing and an option to invest in future projects. Back to EMH, the plan been published in Czech newspapers for years, even before they took over the mine.
"Over the last 6 months two nominee companies have increased their shareholdings by 35 million shares. The nominee companies are owned by Bank of New York and Citibank. It is widely rumoured that they have been driving down the share price," You are monumentally stupid. You don't seem to understand the most basic thing about shorting. Here's a hint, you do not commit securities fraud to reduce the the value of the share you hold. But they don't hold these shares, a nominee account is for their customers shareholdings. So, according to you they are fraudulently devaluing their customers assets because.... f knows. How they are doing it is also a mystery.. because they aren't doing anything of the sort. Let's hope they don't get to hear about your claims of fraud. I'll email them to ask what they will do.
The Burundi government is discussing the new mining law, so we've had several days notice that a deal will be reached. Not that unusual on AIM that we get a lot of notice of events. I envisage either a tax rise or a fu scale investment in a processing plant by the national Bank.