At the conclusion of July, Mkango's wholly owned subsidiaries and The federal government of Malawi signed a mining advancement agreement for your Songwe rare earths venture confirming the fiscal phrases for its advancement, together with a ten p.c interest to Malawi's governing administration and exemption from custom and excise duties imports and exports.
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On July nine, Ucore announced the execution of the non-binding memorandum of knowing with Cyclic Elements that aims to to qualify Cyclic's recycled rare earth oxide merchandise in Ucore's system.
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These success will inform an current feasibility examine for Elk Creek — predicted in 2024, it will eventually incorporate REEs to the challenge’s mineral reserves.
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