Energy Fuels has signed a definitive agreement to acquire Vacuumschmelze GmbH & Co. KG, Ara VAC TopCo US and their respective subsidiaries (together, VAC) from Ara Partners for a total cash-and-stock consideration of $1.9 billion. The deal creates a fully integrated platform to strengthen global critical rare earth element (REE) supply chains. VAC is an advanced magnetics company with over…
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Strata Worldwide is entering a new chapter in the company’s growth and long-term strategic direction. The company will now focus on two primary global markets: Mining and Maritime. Its tunneling business will continue to operate as a key component of the Mining division. “As part of the transition, Strata is pleased to announce the appointment of Ryan Hawes as president…
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The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued a Request for Information and Interest to solicit public feedback and assess industry interest in potential mineral leasing areas on the United States’ Outer Continental Shelf offshore of Virginia. This is an initial step in BOEM’s planning process and does not constitute a decision to hold a…
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Mineral explorer Lithium Corp. has secured a land position covering 13,092 acres (5,439 hectares) in addition to its recent unconditional grant of mineral claims at its Las Pilas rare earth element (REE) project in southern British Columbia. The property encompasses at least three distinct areas of anomalous REE mineralization, establishing Las Pilas as a key exploration asset within Lithium’s growing…
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