This post was originally published on this site.A new economic study for Omai Gold Mines’ (TSXV: OMG; US-OTC: OMGGF) namesake project in Guyana positions it among the largest and most valuable undeveloped gold projects in South America, with a $4-billion value, more than double its estimated costs. Discounted at 5%, that net present value (NPV) in the new preliminary economic assessment (PEA) assumes a gold price of $3,600 per oz. and contrasts with the $1.42 billion in initial capital costs, Omai reported Wednesday. The PEA also outlines a 24% internal rate of return (IRR) and a 4.1-year payback period for the...

This post was originally published on this site.Ramaco Resources (NASDAQ: METC, METCB) said Wednesday it has entered into a non-binding memorandum of understanding (MOU) with Indium Corporation for supply of gallium and germanium from Ramaco’s Brook mine rare earth and critical-mineral project in Wyoming.  Ramaco is developing critical minerals and rare earth elements at Brook mine, which it says holds what is believed to be the nation’s largest unconventional deposit of rare earth elements and critical minerals sourced from coal and carbonaceous ore.   Brook is America’s first new rare earth element and critical mineral mine in over 70 years, and it will be initially focused on the vertically integrated production of commercial oxides. Full-scale mining...