RE: Shame26 Feb 2026 10:44
I really think the $MKAR SPAC is going to be upgraded
At the moment we are ~£200m CAP vs a $400m USD SPAC (Minus Pipe)
But that was done in July 2025 based on likely the Songwe DFS + Adamas Forecasts
Since then we know Yttrium, an element most RE deposits didn't even mention, is up between 30-60x in some parts of the world. A commodity that was perhaps I believe 2.4% of the total basket for Songwe, adding lets just say $1m in EBITDA PA, now could be adding $30-60m in EBITDA (these figures are way off, but the logic applies)
Look at this article today: https://www.investing.com/news/commodities-news/exclusiverare-earth-shortages-worsen-in-us-aerospace-chips-despite-trade-truce-sources-say-4526481
Also, the updates are starting to come, from Lynas and Ucore, check this out:
https://investornews.com/member_news/recent-rare-earth-price-increases-continue-to-enhance-ucores-refining-strategy/
### As a result, dysprosium oxide prices in China recently increased to over $200 per kg, with ex-China pricing more than 5 times that, at $1,000/kg. Terbium oxide has increased to $900/kg in China, with prices over $4,500 per kg outside of China
### With respect to light rare earth oxides, praseodymium-Neodymium Oxide recently increased to the $120 per kg range in China and as high as $140 per kg in North America
Here is some news from Lynas, note the 'PROFIT INCREASE'
https://asia.nikkei.com/business/markets/commodities/lynas-profit-jumps-as-geopolitics-reshape-rare-earths-market
posted revenue of $413.7 million Australian dollars ($295 million) for the six months through December, up 62% on year, and an after tax profit of AU$80.2 million, a more than 13-fold increase.
### Quote from Lynas ###
"The market generally is very constructive right now," Lacaze said, noting that the price for NdPr -- a mix of the light rare earths neodymium and praseodymium -- rose to $79 per kilogram in December, compared to $49 a year prior, and that it surpassed the "magic" level of $110 per kilogram on Wednesday.
"It does reflect the government actions, which are really starting to reshape the market. We are seeing governments, Australia and Japan, EU and, of course, the U.S., taking action to create a functional market."
Sign In
Follow the stocks
