This post was originally published on this site.Rare Earths Americas (NYSE American: REA) announced Wednesday initial drill results indicating widespread, near-surface mineralization with heavy rare earth enrichment at its 100%-owned Homer project in Brazil’s Goiás Alkaline province.  More than 6,500 meters of drilling have been completed at the Homer project, with multiple drill intercepts grading more than 2,000 ppm total rare earth oxides (TREO) over intervals exceeding 10 meters.  REA is focused on heavy rare earth elements used in permanent magnets and defense applications.   The company, which went public in May, said growing confidence in the scale and potential of the...

This post was originally published on this site.Tungsten West (AIM: TUN), the owner and operator of the Hemerdon tungsten and tin mine in Devon, UK announced Wednesday it has entered into a binding eight-year supply and offtake agreement with Elmet Technologies, a member of The Elmet Group, a US-based vertically integrated producer of tungsten products and advanced materials.  The offtake agreement is for 1,000 tonnes per annum of contained WO₃ from Hemerdon is valued at over £1.4 billion ($1.8 billion) at prevailing market commodity prices and foreign exchange rates.  The deal establishes a substantial long-term route for Hemerdon tungsten into US and UK...