This post was originally published on this site.Rare earths recycler Cyclic Materials closed on Thursday a $75 million strategic financing round, bringing total equity funding to $237 million.  Cyclic said the capital will accelerate deployment of its rare earth recycling campus in South Carolina, which it plans to break ground on Q4 2026, and the expansion of its Hub-and-Spoke infrastructure across the US.  The company, backed by a global group of institutional investors that includes Energy Impact Partners, Microsoft, Amazon, BMW i Ventures, Jaguar Land Rover and Hitachi Ventures, is aiming to increase domestic production capacity for rare earths and critical minerals used across the AI, semiconductor, robotics, defense, automotive, medical, and other advanced manufacturing sectors.  The latest...

This post was originally published on this site.Fully electric haulage system Railveyor has been incorporated into multiple key elements of NioCorp’s updated feasibility study for its Elk Creek critical minerals project in Nebraska.  NioCorp’s August NI 43-101 Technical Report confirms an integrated role for Railveyor within the mine design, Railveyor CEO Tas Mohamed said Wednesday.  “This fully electric, automated system is ultimately planned to become the principal underground-to-surface haulage solution on the project,” she said.   The updated Elk Creek project study envisages an integrated underground mine and processing operation producing niobium, scandium, titanium and magnetic rare earth products.   The mineral reserve supports a 40-year production life, with the project designed to process 46 million short tons of ore. At steady state, the mine is...