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Avarone: Surface Layer of Moab Project Tests Positive for Lithium

Avarone Metals Inc. (CSE: AVM) (Frankfurt: W2U1; WKN: A14SVX) announce it has received chemical assay results from its Phase One surface sampling program on its 100% owned Moab Lithium Project in the South Big Smoky Valley, Nevada. The sampling was carried out in April 2016 to investigate lithium concentrations in the uppermost 1.5m of the playa and a total of 20 bulk samples were analyzed.

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IAMGOLD to sell its Niobium Mine Niobec in Quebec, Canada

IAMGOLD Corporation today announced that it has reached an agreement to sell its Niobec mine, one of the world's three niobium producers, to a group of companies led by Magris Resources Inc. for cash proceeds of $500 million after tax upon closing.  The sale of Niobec, which is located in Saint-Honoré-de-Chicoutimi in the Saguenay-Lac-Saint-Jean region, Quebec, is to include the adjacent rare earth element ("REE") deposit.

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G.U.B. finishes successfully courses on „sustainable mining“ in Cambodia

The multi-session event „Sustainable Mining in Cambodia” ended last week with final lectures at the University of Battambang and at the Institute for Technology in Phnom Penh. Upcoming mining activities in Cambodia on gold, corundum, iron, alumina, copper, hard coal and rare earth elements alongside with the expected impacts on environment were again subject of professional exchange.

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Great Western Minerals Enters into Memorandum of Understanding for REE Separation Services

  • Agreement includes technical support during the ongoing review and design of processing facilities at Steenkampskraal

Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a supplier of rare earth element-based metals and metal alloys and holder of a low cost, high-grade critical rare earth asset, announced that it has entered into a non-binding memorandum of understanding with an internationally recognized provider for REE separation services. The MOU also calls for ongoing technical support as the Company reviews and advances the design of its planned production facilities at SKK.

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Great Western successfully produces Rare Earth Carbonate from Pilot Plant

  • Company finalizes flow sheet scheme to be used in SKK feasibility study

Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a leader in the manufacture and supply of rare earth element-based metals and metal alloys and holder of a low cost, high-grade critical rare earth asset, announced that it has completed a mini pilot plant test with its proposed process flow sheet with extremely successful results.

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Deutsche Rohstoff: Corporate and Management Update

Approaching the end of 2013, Deutsche Rohstoff (DRAG) gives an overview of the key developments within the company and it’s subsidiaries:

The Management had set four targets for DRAG and the group for 2013/2014 (please see Group Management Report, Annual Report 2012):

Secure financing and performing Tekton Energy’s horizontal drilling program: With the successful bond placement in the summer, DRAG succeeded in funding the extensive horizontal drilling program in the U.S. on acceptable terms and without dilution of existing shareholders. The management considers this a significant success.

Acquiring additional acreage in the Wattenberg field or other prospective sites in the U.S.: Tekton now owns over 7,000 acres within the Wattenberg field. This represents a significant increase in comparison to the original position of approximately 2,000 acres. The acquisition of land is currently ongoing.

Profitable tungsten production and extension of the life of mine: Wolfram Camp recently announced the start of commercial production and documented enough resources to extend the life of mine to approximately 10 years. Although the ramp up phase of the mine took longer than expected, the management is satisfied with the achieved status and is convinced that the mine is a strategically attractive asset.

Secure financing of Tin International and Seltenerden Storkwitz: The planned IPO of Tin International has not yet been achieved. Market conditions in the junior exploration sector are still very difficult worldwide. The company itself holds sufficient funds at present. Further funding remains a task which the management of DRAG promotes insistently. The same applies to Seltenerden Storkwitz, the initially planned IPO was postponed for operational reasons (please see below).

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Heraeus: Porocarb improves lithium-ion battery performance

Heraeus is launching Porocarb, a completely new product family of conductive porous carbon powders for electrochemical applications such as battery additives. A team of developers from the new product group led by Christian Neumann spent more than three years developing these novel carbon particles with pore-size distribution ranging from 10 and 1,000 nanometers and internal pore volumes up to 2.5 cubic centimeters per gram.
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Great Western Minerals Completes Department of Defense Yttria Study

Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a leader in the manufacture and supply of rare earth–based metal alloys and high purity metals with a low cost, high-grade critical rare earth asset, has delivered its high-purity yttrium oxide supply chain assessment to the Department of Defense ("DoD"). In close coordination with major defense contractors, the Company found that military requirements from 2011 to 2015 for high-purity yttria are 40 to 50 tonnes per year higher than previous DoD life-cycle sustainment estimates, and that there are processing gaps in the supply chain.

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Great Western Minerals Board Changes

 

Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a manufacturer and supplier of rare earth–based metal alloys and high purity metals with a low cost, high-grade critical rare earth asset, announced that Thomas G. Mair was appointed Vice President of Finance and Chief Financial Officer effective July 8, 2013.

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Arafura: Termination of Land Purchase Agreement in Whyalla

  • Land purchase agreement for Whyalla site terminated by Arafura;
  • Site no longer required following recently announced cost saving initiatives to boost Nolans Project economics;
  • Capital savings of approximately A$400 million identified through re-location of intermediate chemical processing and rare earths separation;
  • Study underway to identify the optimal location for rare earths separation facility.

Australian rare earths company Arafura Resources Limited (ASX: ARU) announced the formal termination of the Contract for Sale and Purchase of Land in Whyalla, South Australia.

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IAMGOLD announces $100 million cost reduction program

IAMGOLD Corporation announced that to reinforce an already strong financial position and improve its return on capital, the Company has initiated a program to reduce annualized spending by $100 million.   This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The Company ended 2012 with over $1 billion in cash and gold bullion.

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