USA Rare Earth has commissioned its hydrometallurgical demonstration facility in Wheat Ridge, Colo., which is expected to position the materials company among the few outside China capable of producing separated heavy rare earth oxides at commercial quality. “The hydromet facility is the latest example of the proprietary technology and capabilities USA Rare Earth is scaling across the entire value chain,”…
Read MoreBacking for pilot-scale rare earth element separation development is coming to USA Rare Earth soon after the company was selected for U.S. Department of Energy funding of as much as $19.3 million. Subject to final negotiation, the support is from the DOE’s Critical Materials Innovation, Efficiency and Alternatives program. It will help scale development of a pilot-scale rare earth element…
Read MoreUSA Rare Earth confirmed this week that it has a letter of intent with the federal government that gives the company funding access to $1.6 billion and the administration a 10% stake. The LOI, which comes from the Department of Commerce’s CHIPS Program, includes a proposed $277 million of federal funding and $1.3 billion in a senior secured loan from…
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