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GWG can negotiate the supply of the Dy and Neo at the time of SKK sale.
Get the money back and the guaranteed supply.
Yawn, I can appreciate your comments, and largely agree on the focus on margin and core competence parts. As I recall, prior to SKK the issue GWC was facing however was inability to guarantee supply to its upstream part of the value chain, hence the expansion into the raw resource end of the business, and SKK as it was time-closer than the exploration properties.
Jimmie McKenzie is just tooting his horn. I would not base any decisions on public anouncements which are nothing but promo.
I run my own business and can say that there is nothing more important than focusing on margin, core competence and KISS principle.
JMHO
PS: I appreciate an intelligent conversation, even when you do not agree with me.
Just my opinion,
November 10, 2011 - Ucore Rare Metals Inc. (TSX-V:UCU | OTCQX:UURAF ; "Ucore" or the "Company") is pleased to report that the Company has taken part in a Congressional Briefing on the importance of establishing a domestic rare earth supply chain within the United States. The November 7 Washington DC - based event was hosted by Senator Lisa Murkowski (R-AK) and the Senate Energy and Natural Resources Committee. The briefing was for the benefit of U.S. Senate, House and Committee Staff and other Administration officials. A panel comprised of leaders of U.S. Magnetic Materials Association (USMMA), including Ucore President & CEO Jim McKenzie, discussed issues associated with the expedited building of a self contained critical rare earth supply chain on US soil, from mine to magnet.
Just out today also:
Molycorp will provide the important materials supply chain and development path for commercialization of these materials. Molycorp Minerals is the only U.S. producer of rare-earth
materials.
My GWG is even stronger now, the other producers are just waking up to what has to be really done to be the best. GWG is away ahead on this front.
I appreciate your response and you are entitled to your opinion.
Meanwhile, I lightened up on my GWG position.
"...GWG are no dummies also, I said it before they have a very good NMT...."
(Lets hope so.)
GWG are no dummies also, I said it before they have a very good NMT. One fact that is important is that GQD does have the approval of the Chinese government to enter into this JV agreement. There is lots of speculation that there may be a problem in that area - not the case at all.
One of the things about which GWMG are cognizant, from the GWMG side, is there strong interest in retaining control of the operation. This is important to them for purposes of transfer pricing and overall, to ensure we are positioned to be fully integrated. This has not been an area of pushback from GQD, but again, it does mean they have to be very careful that anything they agree to does not compromise that control.
The fully integrated does work and it gives all the control.
I come from a business that this was in place we made a killing.
You need to check out post #663 I had asked wwwater for his New Projection charts to compare to mine he is very close to what I see for GWMG if they stay to their plan, it won't be a $5.00 stock it will be a $50.00 stock.
Chinese are no dummies. They will not give away the farm (the know-how).
I think that they will build the separation plant themselves, get the monazite from the titanium miners for a song and if GWG is very nice to them, they might even buy it from SKK.
If GWG is nice to them they might sell Dy and Neo to GWG.
(that is what I would do here)
interesting instruction, but contrary to GWG stated goals of vertical integration. if the refining of rare earths is key, and China has all the expertise, then i think this deal with the chinese refiner has huge upside in terms of technology transfer.
So, plan of action:
1 Sell SKK to Chinese. (mining is a low margin bus)
2 Let them build the benefication and separation plants
(GWG knows bugger all about this business)
3 Get favorable terms for the off-take on Dy and Neo
on long term basis
4 Increase the magnet alloying capacity to meet the demand
5 Stop any further exploration, and mine developing
6 Buy back shares as the cashflow allows.
And we should see 5 bucks here in no time.
I further question the wisdom of buying SKK outright. Getting a 51% and rising the capital on the stock market by dilluting Rareco (instead of GWG) would have been a better alternative, saving a lot of desparately needed capital.
Or even better, just stay with the off-take, let Rareco to dillute itself to death for developing SKK...
Cash is the king.
Stay with the high margin business.
(all IMHO)
Vertical integration is usually a losing proposition.
GWG should stick to what they know best: manufacturing magnet alloys.
It is also the highest margin business in the REE industry(as per Jack Lifton and Gareth)
The only reason to go down in the food chain of REE business I can think of is to secure the supply of Dy. Chinese can have the separation plant as long as GWG will get the stuff they need.
No need to own the separation plant at all.
(IMHO)
They are well positioned, the best of anyone in the rare earth sector.As you may be aware, they had a group of GQD senior officials and project staff at site in South Africa a few weeks back. Technical discussions as well as senior management discussions on the agreement took place then. Those agreement negotiations are still occurring on an almost daily basis because both GQD and GWMG are both firmly committed to this deal. As we speak, two of our key operational people from South Africa are in China with GQD doing further technical evaluation at GQD's operations.
Cool. But isn't GWG well positioned with its processing facilities in England and the US, as well as the agreement with the Chinese company to build the mill on site in South Africa? They profess a fully integrated company to address the ore processing issue, NOT?
Majority of Non-Chinese Rare Earth Projects Will Fail: TMR’s Jack Lifton
Email Print Reproduction
Mon, Nov 7, 2011 Feature Articles, Uncategorized
Post by Robert Sullivan, Resource Reporter By Robert Sullivan – Exclusive to Rare Earth Investing News
inShare.0
Rare earths consultancy Technology Metals Research (TMR), no stranger to controversy, has stirred up debate again after founder Jack Lifton told Reuters on November 1 that “the vast majority of non-Chinese rare earth metal ventures will fail.”
Lifton stated that of the 244 companies in the rare earths sector outside of China, less than 4 percent will prove profitable.
“The choke point for all the companies is the question of what they can do with the concentrated REM (rare earth metal) ore once it’s above ground. You can extract the rare earths together, but then you have to separate them…the world’s REM separation capacity is 99 percent Chinese and they have unused capacity,” Lifton said.
“Without separation capacity, all you have is a loss-making ore concentrate company,” he added.
His comments came a day after Australian miner Lynas Corp.(ASX:LYC) announced that its advanced materials plant being built in Kuantan, Malaysia had encountered “slight delays” and would not be coming online until early 2012.
Lynas had previously indicated that the plant, subject to regulatory approval from the Malaysian government, was scheduled to come online in 2011.
Molycorp leading the charge outside of China
Lifton’s pessimistic outlook will come as a disappointment to those who are hoping companies outside of China can fill the rare earths supply gap that has grown in the wake of China’s decision to tighten export and production quotas of rare earths.
China capped domestic production for 2011 at 93,800 tonnes of rare earth oxides (REO), while exports were limited to 30,184 tonnes, down 40 percent from just two years ago. They are scheduled to release their rare earths production and export quotas for 2012 later in November.
Optimists, on the other hand, will point to a recent announcement from Colorado-based Molycorp Inc. (NYSE:MCP), who revealed on October 20 that they will be opening a new processing plant in California months ahead of schedule.
The new plant is slated to come online in early 2012, and to coincide with the early start for the new facility, Molycorp also announced they would soon be restarting operations at their Mountain Pass mine in order to build stock for the plant.
HREEs critical to survival in REE sector
Despite many analysts’ belief that these latest developments from Molycorp bode well for the company, there has been some criticism of Molycorp’s Moutain Pass project, which is skewed towards light rare earth elements (LREE), as opposed to heavy rare earth elements (HREE) such as dysprosium, terbium, and yttrium, which fetch a much higher price.
Lifton falls into this camp, and believes that most companies that aren’t mining HREEs will simply not be able to turn a profit due to the expensive separation process.
“You don’t want the biggest deposits, you don’t want to have to process hundreds of tonnes at horrendous cost. You’re looking for the highest grade heavy rare earths and the least cost to recover them. It’s a question of economics,” Lifton said.
“In terms of investment, the best bet are the companies that will be producing the heavy rare earths that will be in deficit in the future,” he added.
Lifton divides opinion
Lifton’s TMR, which maintains an Advanced Rare-Earth Projects Index on their website, has indicated that of the nearly 250 companies outside of China in the rare earths sector, those with deposits that hold the highest concentration of HREEs include Lynas, Great Western Minerals Group Ltd.(TSXV:GWG), Quest Rare Minerals Ltd. (TSXV:QRM), Ucore Rare Metals Inc. (TSXV:UCU), and Tasman Metals Ltd. (TSXV:TSM)
Critics of TMR and its founder, however, are keen to point out that Lifton is an equity holder in Great Western Minerals, and is a consultant for both Ucore and Tasman.
There is a temporary production stoppage at China's largest REE exporter.
The U.S. Department of Defense has taken note of this. It is suggested that all this will create renewed interest in the rare earth industry.
http://provider.mining.com/news/2011/11/06/us-strategic-rare-earth-reserve-one-step-closer/
Great Western Minerals Group Announces Management Appointments
Last Update: 11/3/2011 9:02:32 AM
SASKATOON, SASKATCHEWAN, Nov 03, 2011 (MARKETWIRE via COMTEX) -- Great Western Minerals Group ("GWMG" or the "Company") (tsx venture:GWG)(otcqx:GWMGF) is pleased to announce the appointment of David Kennedy to the position of Chief Executive Officer of GWMG's 100%-owned subsidiary Rare Earth Extraction Co. Limited ("Rareco").
Mr. Kennedy, a co-founder of Less Common Metals ("LCM") in 1992, has served as GWMG's Managing Director, Metals and Alloys, since the Company acquired LCM in 2008. He is a graduate in Metallurgy, a Chartered Engineer and is a Professional Member of the Institute of Materials, Minerals and Mining.
In his role as CEO of Rareco, Mr. Kennedy, who remains a Director of GWMG, will have overall responsibility for the development, commissioning and operation of GWMG's Steenkampskraal rare earth mining operation.
GWMG is also pleased to announce the appointment of Ian Higgins to the position of Managing Director, Metals and Alloys, with overall responsibility for LCM and Great Western Technologies Inc. Dr. Higgins, who holds a Ph. D. in Materials Science, is a highly experienced rare earth technical expert who joined LCM in 2001. He has been responsible for the day-to-day operations of LCM as well as procurement of rare earth materials from China.
Additionally, GWMG is pleased to announce the appointment of David Murphy as Commercial Director of LCM. Mr. Murphy, who has over thirty years of experience in the rare earths sector with LCM, and previously with Johnson Matthey Rare Earth Products where he was General Manager, is responsible for sales, marketing and customer support at LCM.
All appointments are effective immediately.
Lynas Corp and Great Western Minerals to Share in "Burden" of Global Rare Earth Production
Last Update: 11/3/2011 8:16:39 AM
NEW YORK, NY, Nov 03, 2011 (MARKETWIRE via COMTEX) -- North American and Australian rare earth explorers are expected to get a boost going forward as China loosens its control on the sector. Presently China has about one-third of global rare earth deposits but produces about 95 percent of the world's supply. Recent statements from China's government and the nation's largest producers hint that China hopes other countries will share the burden of rare earth production after depending on China's overmined deposits for a decade. The Bedford Report examines the Rare Earth Elements Industry and provides stock research on Lynas Corporation (pinksheets:LYSCF) (asx:LYC) and Great Western Minerals Group Ltd. (GWG) (pinksheets:GWMGF). Access to the full company reports can be found at:
www.bedfordreport.com/LYSCF
www.bedfordreport.com/GWG
Rare earth stocks have had a relatively successful run of late after China's largest rare-earth producer said last month that it would suspend smelting and separation work for a month to use its market power to rally falling rare earth prices. Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech, which accounts for nearly half of the world's light rare-earth production, said that the move was aimed at "balancing supply and demand."
Baotou's one-month suspension would remove about 5,000 metric tons of rare earth output from the global market this year, the Royal Bank of Scotland estimates.
The Bedford Report releases regular market updates on the industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Li Zhong, the vice-general manager of top producer Baotou Steel Rare-Earth Hi-Tech Holding, told a conference organised by Metal Pages that China's role as the dominant global supplier of rare earths will gradually come to an end as the industry focuses more on the domestic market. Zhong argues that it is now "unrealistic" to rare earth prices to fall back to previous levels as Beijing tightens the sector.
According to Reuters, most of China's rare earth prices remained unchanged last month, but a few in the complex fell -- a sign that the industry is still in a correction cycle from sky-high levels seen earlier this year after Beijing tightened controls over production and mining.
October 27, 2011 - Saskatoon, Canada: Great Western Minerals Group ("GWMG" or the "Company") is pleased to announce that it has engaged a syndicate of agents (the "Agents") co-lead by Byron Capital Markets Ltd. and Cormark Securities Inc., and including GMP Securities L.P., to complete a brokered private placement financing, on a best efforts agency basis, of a minimum of $15,000,000 of common shares of GWMG. The pricing of the offered shares will be determined by the Company and Agents in the context of the market.
The Company plans to use the proceeds for the continued development of its Steenkampskraal project in South Africa as well as for general corporate expenses.
GWMG President and Chief Executive Officer Jim Engdahl said, "This financing will move GWMG one more important step toward its goal of being a fully integrated rare earth producer. We have carefully considered the various financing options available and feel an equity financing will provide the Company with the greatest flexibility in the short term. Ensuring we have adequate capital on hand puts our Company in a much stronger position as we continue to evaluate non-dilutive financing mechanisms such as joint ventures/off-take agreements and debt instruments."
Additionally, the Company announces that it has deferred the planned Special Meeting of shareholders originally scheduled for November 22, 2011.
The Company had contemplated a re-confirmation of shareholder approval for undertaking a share consolidation originally approved by shareholders at the Company's Annual General Meeting of August 11, 2010.
Given current global financial market conditions, GWMG has concluded that a share consolidation would not be in the best interests of its shareholders at this time.
GWMG President and Chief Executive Officer Jim Engdahl said, "Our Company evaluated this strategic decision very carefully. A share consolidation can be a catalyst that enables GMWG to fully access a broader capital markets strategy, and on that basis, could be of benefit to shareholders. The current financial market conditions, however, intervened and the Company's assessment was that shareholders' interests would not be served by proceeding at this point."
Thanks for the forecast, this is the one,looks great.
September 29, 2011 - Saskatoon, Canada: Great Western Minerals Group ("GWMG" or the "Company") is pleased to announce that substantial progress is being achieved, with the active participation of Ganzhou Qiandong Rare Earth Group Ltd. ("GQD") of China, in the development work on the rare earth separation plant in the vicinity of Steenkampskraal in South Africa.
On July 25, 2011, GWMG and GQD signed a Heads of Terms that will form the basis of the final agreement (the "Agreement") between the two companies. A new joint venture company, Great Western GQD Rare Earth Materials Co. Ltd., is to be created with GWMG holding 75% ownership and GQD holding 25%.
In the upcoming week, GQD will send a team of six engineers to South Africa to continue detailed discussions with GWMG personnel on the design and construction of the separation plant. GWMG will be represented by two Company Directors, the Chairman of Rare Earth Extraction Co. Ltd., the Steenkampskraal Project Director, and GWMG’s metallurgical and technical staff.
GWMG will also host a Steenkampskraal site visit for GQD followed by meetings with Steenkampskraal region government officials to discuss arrangements for utilities and labour requirements for the project. Concurrently, GWMG and GQD representatives will be working on the finalization of the Agreement between the two companies.
Jim Engdahl, President and Chief Officer of GWMG said, "We continue to work our way through the development process for the separation plant with the active participation of GQD. Thanks to the long standing business relationship between GWMG’s Less Common Metals and GQD, the minor delay we have experienced in finalizing the Agreement is not preventing GQD from being fully involved in the work on the separation plant, as evidenced by the upcoming meetings and site visit."
~GWG.v~ BUY AT .72~ Sell at .85~
It is a long term hold though
GWG.v LEVEL 2
~~~~~~~~~~~~~~~~~~~~~~~~~
BID
.68- 67,000
.67- 193,000
.66- 42,000
.65- 97,000
~~~~~~~~~~~~~~~~~~~~~~~~~~
ASK
.69- 53k
.70- 102k
.71- 137k
.72- 11k
.73- 16k
.74- 12k
.75- 53k
~~~~~~~~~~~~~~~~~~~~~~~
COME VISIT MY AT STOCK OF SILVER
http://investorshub.advfn.com/boards/board.aspx?board_id=22271
Boardmark me if you like the level 2, I will keep it coming...
Don't have time to look it up for you, but look in the 12/31/2010 financials and find the OS. Then look it up in the 12/31/2009 financials. You'll notice a 60% or so increase and will see it's on track to get to 1 billion shares if they don't find an alternative to financing versus selling shares. Dillution is a real concern for me and they still have to build the facilities in South Africa to complete thier vision. This puts a cap on the pontential share price for me and suggest they will need to do a reverse split to eventually uplist.
JMHO.
Can you help me understand what the share structure is and what is wrong with it?
is it dual voting or something? sorry i was not aware.
I sold because I didn't like the share structure on this one. For some reason I like UCore better and held that one. But yes, the unresounding strength here may point for new highs if the market can bust out of it's doldrums. I'm certainly watching again.
Thanks.
Yeah, you better buy back on dips, if there is any.
Nearly +20% for the week!!! Killer!!!
For a forgetten company, this one has held up nicely in the REE space. I believe I sold my stock in haste...
10 performance comparables from the REE sector:
http://stockcharts.com/freecharts/candleglance.html?AVL,ARAFF,GEM.V,REE,GWG.V,LYSCF,QRM,NEMFF,UURAF,REMX|B|H14,3
~GWG.v LEVEL2~
.74- 5,000
.75- 83,000
.76- 87,750
.77- 29,000
.78- 69,000
.79- 80,000
.80- 98,000
.81- 67,000 for a total of 507,000
.82- 21,000
.83- 41,000
.84- 11,000
.85- 105,500
.86- 49,000
.87- 3,000
.88- 17,000
.90- 230,900 for a total of 987,801
other large sells sitting on the ask include
.95- 201,000
.99- 170,500
A grand total of 1,717,111 shares sit on the ask to $1.05CAD
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ON THE BID:
319,000 shares supporting .70 and higher
A grand total of 773,000 support the bid all the way down to .40CAD
Like ~GWG.v LEVEL 2~???
PLEASE BOARDMARK ME AND I WILL KEEP IT COMING...
Just click "follow this member" under my profile...
Thanks for the new projections, I've been in Italy for the last 3-wks. just catching up on all the news.
Great Western Minerals Group Selects Drill Contractor for Steenkampskraal Rare Earth Project
Marketwire - Canada SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 8, 2011) - Great Western Minerals Group (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG") is pleased to announce the selection of Drillcorp Africa (Pty) Ltd. ("Drillcorp") as the drill contractor for the upcoming exploration and resource evaluation program at the Company's Steenkampskraal Rare Earth Element ("REE") project in South Africa.
Drillcorp is a highly experienced, South African-based drilling team that has been in business throughout Africa since 1988. With 45 rigs currently operating throughout South Africa, Drillcorp provides diamond core drilling to depths of 3,000 meters along with reverse circulation, underground, and percussion drilling services.
The first objective of the program, which will be fully underway by September 14, is to provide geological information, metallurgical characterization, and assay data in support of a fully compliant National Instrument 43-101 ("NI 43-101") resource estimate report on potential ore material stockpiled at surface as well as underground in-situ material. The second objective is to expand the resources at Steenkampskraal through testing the down-dip extension of the main structure as well as full investigation of the encasing host rock mineralization.
GWMG President and Chief Executive Officer Jim Engdahl said, "This is yet another pivotal moment in the progress of GWMG at Steenkampskraal with the launch of an exploration program at site designed to confirm previous data and produce an NI 43-101 resource estimate."
John Pearson, MSc, P.Geo, Vice-President Exploration for GWMG, is the qualified person responsible for reviewing the contents of this news release.
New projections available at http://www.pmem.ws/FORECAST
This is a very strong MTG. Team and they just keep
building it.
GREAT WESTERN MINERALS GROUP APPOINTS DIRECTOR OF
INTERNATIONAL EXPLORATION TO RARE EARTH TEAM
August 11, 2011 - Saskatoon, Canada: Great Western Minerals Group ("GWMG" or the "Company") is pleased to announce that it has appointed Brent Jellicoe to the position of Director of International Exploration.
Mr. Jellicoe's primary responsibility is to manage the exploration program at GWMG's Steenkampskraal rare earth project in South Africa. In addition, he has been assigned to locate and evaluate new rare earth projects on a global basis.
With a diverse background that includes exploration in the gold, diamond, uranium and industrial metals sectors, and having worked in Guyana, Brazil, Russia, and South Africa, he is highly qualified to contribute in a significant manner to GWMG’s plans to be a global rare earth production company.
Mr. Jellicoe's exploration experience spans 19 years with companies that include Mammoth Minerals, Takara Resources, De Beers, Vaaldiam Resources, Great Western Diamonds, Kensington Resources, and Uranerz Exploration and Mining. He holds a B.Sc. (Hon.) in Geology from the University of Saskatchewan and is a member of several professional organizations including the Association of Professional Engineers and Geoscientists of Saskatchewan (P.Geo.) and the Geological Association of Canada.
GWMG President and Chief Executive Officer Jim Engdahl said, "The addition of Brent Jellicoe to our team enables us to continue to execute our Steenkampskraal exploration project on schedule and bring our historical Steenkampskraal data into NI 43-101 compliance as quickly as possible. He will also assess opportunities for additional long term rare earth feedstock supply to satisfy the growing demand for our alloys."
"... This value chain consists of three distinct elements:
• The miners of rare earth oxides, such as Molycorp in California and Lynas in Australia, both of whom are in the process of starting new operations;
• The processors that turn the oxides into usable alloys, such as Great Western Technologies and Santoku America; and
• The magnet manufacturers such as Electron Energy Corporation that take those metals and alloys and produce finished products... "
What a terrific find! TY and member/followed mark #5!!!
US Military Depending On China For Rare Earths
Email Print
Mon, Aug 8, 2011 Feature Articles, Uncategorized
Post by Robert Sullivan, Resource Reporter
inShare.0
By Robert Sullivan – Exclusive to Rare Earth Investing News
Some see it as a strategic masterstroke by China, others, a shocking oversight by the United States. And while the truth lies somewhere in the middle, the fact remains that the US is now wholly dependent on China for some of the most critical components of its modern military hardware.
The lasers and magnets that drive the weapons systems in the most advanced military in the world are produced using rare earths sourced from China, a trade in which China owns a monopoly.
Neodymium is used to manufacture tiny magnets that are components in the tail fin systems of missiles and smart bombs, satellite systems, as well as for magnets in hybrid electric motors that are being outfitted on navy vessels. Samarium is combined with cobalt to produce magnets that are used in the navigation systems of tanks and Aegis-class navy vessels. Ytterbium, meanwhile, is required for the laser guidance systems of tanks and missiles.
Outsourcing rare earths
That the United States finds itself in a position where a rival power now has a stranglehold on the rare earths it needs for its military is hard to fathom given how proactive the US has traditionally been in ensuring the security of their access to oil.
Even more surprising is that the US has plenty of its own rare earths to mine. Although China owns the largest share of the worldwide reserves of rare earths (36 percent), the US has the second largest known reserves, at 13 percent.
Until the last 10-20 years the US was capable of supplying itself with both the raw materials and finished products for its advanced military systems. Since then, however, the main issue for US producers has been that domestic deposits in concentrations that are commercially viable to exploit have been difficult to come by. This, along with the rising cost of manufacturing rare earth elements into metals and from there into high-tech components, has driven the industry out of the US and into China, who have in turn quietly steered the growth of their own rare earths extraction and refining sectors since 1986 towards the dominating position they find themselves in today.
Reestablishing a US rare earths industry
The export and production quotas that China began imposing in 2006 now finally seemed to have snapped the US government out of its daze. China limited exports to 30,258 tonnes in 2010, and have held them at a similar level this year (30,246 tonnes). In response, the US Congress passed the Rare Earths and Critical Materials Revitalization Act last September, which looks to promote research and development as well as support domestic rare earths manufacturers. Since then, further legislation has been put forward in both the House and the Senate.
It is hoped this new impetus will drive the reestablishment of a competitive US rare earths industry. Molycorp Inc. (NYSE:MCP), which has traditionally been one of the largest suppliers of rare earths in the US, have announced that they expect to be producing close to 20,000 tonnes a year by the end of 2012 from the reopening of their Mountain Pass mine in California, and have applied for a loan from the US Department of Energy.
Long road ahead
This, however, is only the first step in addressing a two-pronged problem. The Government Accountability Office (GAO) of the US Congress has stated that even if the US does reestablish itself as a rare earths producer, it could take upwards of 15 years to put together a supply chain. Furthermore, there would still be little immediate domestic capacity for the refining and manufacturing required to produce the magnets and other components needed for high tech military hardware.
China hasn’t held the US to ransom over rare earths and may well have little interest in doing so, but the implications of this dilemma are nonetheless still beginning to unnerve some. “The Pentagon has been incredibly negligent,” argues Peter Leitner, a former senior strategic trade adviser at the Defense Department. “There are plenty of early warning signs that China will use its leverage over these materials as a weapon.”
GREAT WESTERN MINERALS GROUP
APPOINTS MONAZITE PROCESSING EXPERT TO
STEENKAMPSKRAAL RARE EARTH PROJECT TEAM
August 9, 2011 - Saskatoon, Canada: Great Western Minerals Group ("GWMG" or the "Company") is pleased to announce that it has appointed John Selby as a monazite / radiation / environmental consultant to its team at the Company's Steenkampskraal rare earth mining project in South Africa.
Mr. Selby was most recently with Richards Bay Minerals of South Africa where he assumed increasingly senior positions through to being named General Manager of the minerals processing operation.
He will advise on the processing of additional monazite streams to be used as feedstock in GWMG's rare earth processing and separation facilities in and around Steenkampskraal. In addition, given Mr. Selby’s internationally recognized expertise in radiation and environmental work, he will also provide expertise to the Company in those areas.
Mr. Selby holds a B.Sc. in Industrial Chemistry from the University of Bath in England, a B.Sc. in Geology from the University of Witwatersrand in South Africa and a M.Sc. in Integrated Environment Management from the University of Bath. He holds many professional designations including an Honorary Life Fellowship from the South African Institute of Mining & Metallurgy for his contributions to South African mining and metallurgy, a membership with the Royal Society of Chemistry and is a Registered Radiation Specialist with the South Africa Radiation Protection Association.
GWMG President and Chief Executive Officer Jim Engdahl said, "Being able to attract a team member with the experience and expertise of John Selby ensures our continued and thorough compliance with the terms of the National Nuclear Regulator of South Africa in conjunction with a focus on increasing the amount of monazite feedstock for our rare earth processing operations. His highly recognized advocacy work and expertise in the areas of radiation, waste management and environmental stewardship will ensure that GWMG continues its development work at the highest level of international standards."
Many of the analysts are implicitly presuming a 12-18 month timeframe for their target price to be realized. Along the way they may raise or lower that target, depending on what's going on with the co., the sector, and the general market conditions.
If, two years from now, GWMG is on track to earn some 70 cents or more in EPS (as wwwater at Stockhouse.com predicts for GWMG), then obviously that 3.80 price target is obsolete by then.
They are not going to paint themselves into a corner for legal trouble by predicting a specific date... give it a couple years.
Does anyone have a timeline of when Byron Capital projects this share price be obtained. Later this year after new JV company deal is reality, after Nov NI 43-101 report is announced or sometime in 2013 when production is to been?
Your article appeared here originally and is also seen on the company website: (good stuff!)
http://www.metalsnews.com/MetalsNews/Allen+Alper+and+Jeff+Senior/FEATURED396508/Great+Western+Minerals+Group+(TSXV+GWG)+Mine+to+Market+of+Rare+Earth+Elements.htm
Byron Capital Upgrades GWG to $3.80
Rating: STRONG BUY Great Western Minerals Group Ltd.
Target Price: $3.80 (GWG – TSXV)
All figures in C$, unless otherwise noted
Solvent Extraction Partner Announced
The Best of the Best: Great Western Minerals Group Ltd.’s (“GWG”) management announced that they have signed a Heads of Terms agreement with Ganzhou Qiandong Rare Earth Group (“GQD”) of Ganzhou, China, to build a new solvent extraction (“SX”) plant in South Africa. GQD has been a supplier to GWG’s Less Common Metals Limited (“LCM”) subsidiary for at least 15 years, and have been able to deliver consistently high quality rare earth oxides, ferro alloys and metals. As LCM is known for delivering some of the highest quality magnet alloys available in the market, evidenced by the recent announcement of a Co-operation Agremeent between GWG/LCM and Aichi Steel Corporation of the Toyota Group, high quality and consistent supply is critical. More importantly, GQD possesses state-of-the-art SX technology. GQD is likely the best choice as a partner for GWG, as the two companies have developed a strong business relationship over an extended period of time.
What It Means: A new company, Great Western GQD Rare Earth Materials Co. Ltd. will be formed in South Africa, 75% owned by GWG and 25% owned by GQD. A final JV agreement is under negotiation, and GWG management anticipates it being finalized by the end of next month. GWG will need to pay the proportional costs of building the proposed, modular SX plant, with an initial 5,000 tonne per year throughput, but we have previously noted that new Chinese technology makes the cost of these plants far lower than one would anticipate if one studies the plants built by Lynas Corporation or proposed by Molycorp, Inc. We believe that total costs of $30 - $35 million should allow for the construction of the SX facility, with these levels of proportional ownership. At present, we do not know if there are requirements to share material, but we are assuming that if an off-take agreement for GQD is finalized, that GQD would be paying market rates for the REOs from Great Western GQD, as would GWG.
Company Description: GWG is a mine-to-market junior rare earth company. Its subsidiaries, Less Common Metals and GWTI, produce finished powders and alloys for various industries, but as its mines and separation capabilities are brought on line, the company will grow revenue and margins.
Valuation: We have allocated 25% of SX margins to GQD, removing these from cash flows to the parent. But we have also reduced our discount rate for GWG to 11%, given that we believe the naming of a SX and metallization partner de-risks the entire project substantially. We do not foresee major capital expenditures beyond those we have already modeled, with total project development costs remaining well below $100 million.
Based on our existing, admittedly conservative rare earth price deck, we maintain a STRONG BUY rating on GWG, but we are raising our target price to $3.80 from $3.50.
GREAT WESTERN MINERALS GROUP SELECTS STEENKAMPSKRAAL
RARE EARTH PROCESSING PLANT DETAILED DESIGN TEAM
July 27, 2011 - Saskatoon, Canada: Great Western Minerals Group (“GWMG”) is pleased to announce that it has contracted DRA Mineral Projects (Pty) Ltd. (“DRA”) of South Africa, a company with a strong track record of utilizing world class standards, for the detailed design of the Steenkampskraal processing plant.
DRA is a multi-disciplinary, multi-national organization that specializes in the mining, infrastructure and mineral processing industries. As one of the largest project management enterprises in Africa, the South African-founded group of companies has constructed plants on five continents.
DRA is highly regarded for managing projects with a “zero harm” focus, as evidenced by its excellent safety record. All of DRA’s world class quality standards, systems and procedures are based on ISO standards.
The processing plant, as the first step in the production process in which Rare Earth ore is converted into Rare Earth chlorides, will be located at the Steenkampskraal mine site. The plant detailed design project is expected to be completed by December 2011.
The processing plant will "crack" the monazite ore through a caustic leaching process, removing copper and gold by flotation. Tri-sodium phosphate will also be produced as a by-product with the potential for onward sales. The thorium contained in the Rare Earth ore will be removed at the processing stage, and be readied for licensed storage, leaving a clean rare earth chloride ready for the solvent extraction separation phase as at the recently announced Rare Earth materials facility (see GWMG Media Release: July 25, 2011: Great Western Minerals Group Signs Groundbreaking Head of Terms to Build Rare Earth Separation Plant in South Africa).
GWMG President and Chief Executive Officer Jim Engdahl said, “Awarding the contract for the detailed design of the processing plant at our Steenkampskraal operation is yet another significant step forward in the execution of our plan to become a fully integrated Rare Earth producer by early 2013.”
“Contracting DRA, with its strong track record of superior performance, ensures we can achieve world class design and construction standards within the processing plant, combined with cutting edge technology,” Engdahl added.
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Great Western Minerals Group Brings Non-Chinese Rare-Earths Sector To A Turning Point
by Jack Lifton on July 25, 2011 · 38 comments
in News Analysis,Permanent Magnets,Rare Earths
Print
The “horse race” theme that I devised two years ago, with the winner to be the first to produce heavy rare-earth oxides (HREOs) outside of China, is now in the final lap. The smart money is on the smart management of Great Western Minerals Group (GWMG).
GWMG has brought the entire rare-earth junior mining sector outside of China to a turning point, as evidenced by its recent press release. Today is the last day of the hype-based, rare-earth-junior-mining-stock promotional “boomlet”.
In November 2009 at the Hard Assets Conference in San Francisco, I predicted that there was a “horse race” underway to be the first company outside of China to produce HREOs commercially. I also predicted that the winner would be GWMG, because they were the only one at that time, to have taken the first steps to vertical integration, which I think is critical for REO wannabes in the REO business world, as I see and understand it, and have understood it for nearly 5 decades.
At the time I was immediately threatened with no less than three independent legal actions, due to my selections for entrants in the “horse race.” One of the presumptive litigants apparently had a board member present when I made the prediction, and he asked his CEO to sue me for not mentioning their company. The other two were mentioned in the “horse race” but not to win, place, or show. All three had in common that they did not have significant, commercial levels of HREOs in their ore bodies under development, which are critical for the production of, among other things, high-performance rare-earth permanent magnets. I was threatened by the CEOs of the two that I said would place out of the money, with lawsuits for defamation, for “disparaging their companies.”
I myself attended the University of Detroit School of Law some 40 years ago, so I informed the men who called to threaten me, that I welcomed their actions. I said that I would of course be calling the chairman of a certain well-known investment bank as a witness, to explain why his company dropped out of both of the ventures that were threatening to sue me. “Let’s add that bank to the defamation suit as a party defendant,” I told them.
Unsurprisingly I didn’t hear further from either one.
The proximate cause of the lawsuit threats I just mentioned was that the “horse race” talk was filmed illegally by an attendee, and it went out over the Internet (the rights to the presentation were actually owned jointly by me and Summit Media, the sponsor of the Hard Assets Conferences). One of the aforementioned CEOs told me that this publication of the video was a slander to a third party, or a libel.
Those who threatened to sue me were rather unprofessional. They thought that they could frighten me into silence, or into retracting my prediction from fear, but obviously they were wrong.
The race to be the first to produce commercial quantities of REOs outside of China has entered a new phase today.
I predict again that GWMG will be the first ever junior rare-earth miner outside of China, to become a profitable producer of commercial quantities of heavy rare earth forms, beyond separated purified HREOs.
I note that GWMG’s new partner is an experienced processor, which has been providing GWMG’s Less Common Metals (LCM) subsidiary with pure rare-earth metals, for manufacturing into rare-earth permanent magnet alloys, and other compounds, for LCM’s customers. I further note that among those customers is now to be Japan’s Aichi Steel, a manufacturer of rare-earth permanent magnets so large, as to be able to take all of GWMG’s projected production of relevant rare earths from Steenkampskraal.
Therefore I predict that GWMG will be the target for discussion of a joint venture or even an acquisition, by many good juniors with HREOs in their ore bodies. They will all basically propose that the GWMG rare-earth separation plant be expanded, to accommodate their ores on a partnership basis. This is because the most added values available to rare earths that can be added by a mining company, are done by moving downstream towards the production of pure metals. Up to that point in the value chain, we are speaking of mining engineering and chemical metallurgical engineering. When one reaches the next stage, that of producing magnet alloys and magnets, one has reached the provenance of skilled specialists in materials and physics. Such skill sets are not bought; they are earned with Darwinian ruthlessness, in the real world of high-tech product development and manufacturing.
GW’s primary skill set within its core competency, has now been stated or shown to encompass:
Mining;
Ore concentration (mechanically);
Extraction of metal values;
Separation of the rare earths from each other and from the radioactive constituents of the ore body;
The legal and safe disposition of the radioactive residues;
The production of pure rare-earth metals from the purified chemical forms; and
The production of specialty alloys of neodymium (Nd), samarium (Sm) and dysprosium (Dy) for use in the production of high quality rare-earth permanent magnets.
I sincerely congratulate Gary Billingsley, the Executive Chairman of GWMG and Jim Engdahl, GWMG’s CEO, for their perseverance in the face of great odds. The first time I ever heard of the “mine-to-market” strategy was when Gary Billingsley told me about it perhaps 2 – 3 years ago. I thought it was a winner then, and I think it’s a winner now. After that time though, GWMG struggled to navigate in the flood of hype and promotion, aided and abetted by pundits and self-appointed experts, who believed that bigger was better, and that since, in their alternate universe, the demand for the rare earths would grow infinitely, then rare-earth mining would be most profitable to those who could mine the most material.
In fact there is no rare-earths market at all; there are markets for some of the rare earths individually, but the cost structure for any rare earth is a function of what it costs to separate and purify it from all of the other rare earths and associated metals. This is a uniquely different problem from that of any other metal.
Few outside of China, have mastered the skills required to produce an entity such as pure Nd or pure Dy chemical compounds. Fewer still, anywhere, have the ability to make pure metals from these compounds, and only a very few have the education, experience, and time-proven skills to produce rare-earth magnet alloys. Although all of this expertise was originated in the West, it is today almost all resident in China or Japan.
If the West wishes to inure its supplies of rare earth metals and alloys independently of production from China, then it can encourage through private-equity business models, such as that of GWMG, or national governments can subsidize such models.
Now that the fog of hype and promotion is clearing a little I urge investors to take note of these facts:
There is not now, nor will there ever be an open (unlimited) demand for rare earths. Current speculation on this demand is just that, speculation. Ignore it unless it references hard data-in particular data about Chinese and Japanese demand!
Any planned or projected production levels must be capable of being made profitably, at whatever point in the supply and value chains the mine intends to sell its product. This means that there must be a buyer (or buyers) for all of the production at the lowest profitable selling price.
At that point the mine must be the low-cost producer if it is operating in the free market, and if it is to be competitive in that market.
Each step in the supply chain requires a different skill set from managers and engineers than the one preceding it. Such skill sets get rarer as one goes further along the value chain towards the end product. College degrees are nice, successful experience is necessary. In particular, there is today no private jobbing of rare-earth separation outside of China, so no one is going to be able to restart the rare-earth supply chain anywhere, until there comes into existence a rare-earth separation and refining industry with proven capability and demonstrated capacity.
Marketing is a skill that must be present from the beginning. It is one of the first steps not the last.
Rare-earth ore concentrates can be produced as byproducts of otherwise profitable operations, such as iron-ore and uranium mining.
In the above cases it is possible for a miner to be a low-cost producer of rare-earth ore concentrates, and to match much larger, dedicated rare-earth mines in the costs at that point on a per kg basis.
Rare-earth separation plants can be built with a flow-through capacity of 2,500 tpa year for under $25 million. The scale up is not linear. A 10 ktpa plant cannot automatically be assumed to cost $100 million; it may be much more due to increased process control requirements. Note well, that the largest rare-earth solvent-exchange facility ever built, is in China, and has a yearly flow-through capacity of less than 10 ktpa. Scaling up to this level and beyond has never yet been done, and the impediments are so far unknown and are thought to be challenging.
Thus it is possible that a relatively small, light-rare-earth mine with predominantly weathered, or easily accessible ores for which the metallurgy is well-known, such as bastnaesite, could make a profit at a much lower level of production than a larger mine, even at the separated REO stage, because of its lower startup and overhead costs.
It is also possible that a small mine with significant HREOs could be profitable, even if it can only sell the HREOs, and perhaps Nd oxide.
The market will buy what it needs at the lowest not the highest price.
Boutique-metals mines based on niobium, tantalum, zirconium, and titanium, for example, individually or in combination, may be able to become profitable because of the now-higher and sustained prices of any or all of certain rare earths that are critical, such as Nd, Dy, terbium, europium and yttrium.
When future bond-rating agencies rate the producing rare-earth mines from the middle of this decade forward, for the purpose of fixing the interest rate on that corporations bonds, they will look at profitability and the ability of management to sustain profitability. Those are their only metrics.
I’m sure that GWMG will be highly rated.
Once again I congratulate the management of GWMG for a job well done. I hope that GWMG is producing metals and alloys vertically within 18 months from now.
Disclosure: At the time of writing, Jack Lifton is long on Great Western Minerals Group (TSX.V:GWG).
latest news:
NEW YORK, NY, Jul 26, 2011 (MARKETWIRE via COMTEX) -- Soaring rare earth prices have been a major headache for hard disk drive manufacturers, but a blessing for explorers of the seventeen lanthanides. While Chinese officials deny manipulating rare earth prices, companies from North America are stepping up
operations to reduce China's rare earth monopoly. The Bedford Report examines the Rare Earth Elements Industry and provides stock research on Molycorp, Inc.
Access to the full company reports can be found at:
www.bedfordreport.com/MCP
www.bedfordreport.com/GWG
Am definately on this ride.
Long GWG!
Here we go
GREAT WESTERN MINERALS GROUP SIGNS
GROUNDBREAKING HEADS OF TERMS TO BUILD
RARE EARTH SEPARATION PLANT IN SOUTH AFRICA
July 25, 2011 - Saskatoon, Canada: Great Western Minerals Group ("GWMG") is pleased to announce that it has negotiated a Heads of Terms with Ganzhou Qiandong Rare Earth Group Ltd. ("GQD") of China to build a Rare Earth separation plant in South Africa, located in proximity to GWMG’s Steenkampskraal operation.
The Heads of Terms agreement between the two companies will form the basis of the project. Signing the Heads of Terms agreement in July 2011 positions GWMG to work toward the final agreement by the end of August 2011.
A new joint venture company, Great Western GQD Rare Earth Materials Co. Ltd., will be created in which GWMG will hold 75% ownership while GQD will hold the remaining 25%.
Great Western GQD Rare Earth Materials Co. Ltd. will be responsible for the design, manufacture, construction, commissioning and operation of the planned separation facility. It is anticipated that the separation plant will be fed with Rare Earth chloride that GWMG produces at its Steenkampskraal monazite mine and/or with feedstock from sources in the region.
GQD is a highly respected Chinese processor of Rare Earth oxides and metals with over twenty years of operational experience. GQD has been a supplier of metals and oxides to GWMG's wholly-owned subsidiary, Less Common Metals Limited ("LCM") for over fifteen years.
GWMG President and Chief Executive Officer Jim Engdahl said, "Our agreement with GQD marks one of the most significant developments so far in the delivery of our fully integrated Rare Earth business model. GQD's experience in the rare earth industry will ensure our new facility will be at the cutting edge of solvent extraction processing. GWMG's team of metallurgists will be working closely with those from GQD to finalize process and plant design in order to commence construction of this plant early in 2012. This agreement is a major step in our plans to deliver separated Rare Earth oxides and metals to the world market by the beginning of 2013."
Mr. Gong Bin, Chairman of the Board and President of GQD stated, "The world of Rare Earths has gone through significant changes in the past two years. We at GQD welcome this opportunity to work with GWMG and our old friends at LCM in establishing a new integrated Rare Earths producer that is able to supply ever increasing world demand."
wicked post our unknown friend
Your bang on
Great Western Minerals Group (TSX-V: GWG) Mine to Market of Rare Earth Elements
By Allen Alper and Jeff Senior
With mining properties and manufacturing plants that produce permanent magnet alloys, Great Western Minerals covers both ends of the rare earth spectrum. And with plans to have a new resource in full production by 2013, it is well placed to profit from the increased demand for rare earth metals.
Executive Chairman Gary Billingsley
The company is headquartered in Saskatchewan, Canada, where Executive Chairman Gary Billingsley and most of his management team are based. In total, there are about twelve staff in Saskatchewan and over fifty globally, numbers which seem set to grow.
Current Expansion
Much of the expansion is currently focused on the, former producing, Steenkampskraal rare earth mine in South Africa, where a feasibility study is currently being completed. At the same time, the workforce is being increased, as Gary confirms: “We’ve put in place a Project Manager and a Site Supervisor down there and we have a Radiation Protection Officer, which is critical when you’re working with radioactive minerals.
“Then we’ll be adding a few geologists shortly so the team is being put into place to get things up and running at the site. We have also brought on people internally for separation and metal making. In addition, we’re talking to groups that we might form a strategic alliance with to build separation facilities for us in South Africa.”
Steenkampskraal is classed as a light deposit but will produce significant quantities of heavy rare earths due to the high grade of the ore. The company is particularly interested in the light rare earth Neodymium and the heavy rare earth Dysprosium for its permanent magnet alloy manufacturing facility and plans to separate both the heavy and light elements.
An aggressive exploration program is being launched and the goal is to have everything operating at Steenkampskraal by January 2013, which is six months earlier than previously planned. Gary says: “Originally, we anticipated about mid-2013 but we have just received all our approvals from the National Nuclear Regulator in South Africa. The site not only has a mining permit but it also has a Nuclear Authorization. As part of that authorization, we have to demonstrate to the National Nuclear Regulator (”NNR”) that we have the procedures in place for all aspects of the operation, and we recently received NNR approval for those procedures ”
Other Mining PropertiesGreat Western Mineral’s other main mining property is the Hoidas Lake rare earth project in northern Saskatchewan. As Gary recounts, this is now moving on from a hesitant start: “The increase in rare earth prices only happened recently and at the time we finished drilling off Hoidas to get a 43-101 compliant resource, the recession hit and prices tumbled. So when we were looking at the metallurgy, because Hoidas is in a semi-remote location and it’s about an 800 kilometer trip, transportation costs became a big proportion of the operating costs.
“At the time,, the in situ value of the rock in the ground at Hoidas was $300-400 a ton, so the economics were modest. That forced us to work on the metallurgy to optimize it and a laboratory in China came up with a process that we are now using to carry out a pilot plant test. If that’s successful, we hope to roll right into feasibility work at Hoidas Lake with that production data because the in situ value of that rock now is closer to $4000 a ton with the increase in rare earth prices.
“About 26% of the material at Hoidas Lake is Neodymium and Praseodymium, which are magnet materials. Even if the Cerium and Lanthanum prices fall, like we anticipate they could, there’s still a lot of value left in Neodymium. We’ve got high hopes for Hoidas now that we have the metallurgy work done for optimumizing the process. If we can finish the pilot plant work there, we’ll proceed right through to feasibility and try to target 2015-16 for production.”
Other projects in Saskatchewan are still at an early stage. These include the Douglas River property in the Athabasca Basin, which will provide Dysprosium that is used in the manufacture of permanent magnets to enable them to work at high temperatures, and the Red Wine Complex that is rich in heavy rare earth and has provided good drill results.
Manufacturing Capability
Everything is more established on the manufacturing side, with plants in Birkenhead, England and Troy, Michigan. The UK plant, Less Common Metals Limited, has been a producing and profitable manufacturing plant since 1992. Gary remarks: “It has a very long history of not just working with permanent magnet alloys but actually helping to develop specific alloys for some of our customers such as Aichi Steel, a Toyota Group company. They keep coming back to us because we have the ability to help them with development.”
The plant in Troy started as an R&D facility. “We bought that plant more as a strategic asset,” comments Gary. “We thought that, as politicians and manufacturers in the US realized that China had control of a lot of these materials, it would be prudent to bring the manufacturing back to the US. This plant would be well positioned to be part of that supply chain. We are actively talking to groups that are interested in re-establishing manufacturing of magnets and batteries in the US. But the plant has also been very useful in helping groups do R&D on things like aerospace materials.”
The company has worked successfully with the Department of Defense to help develop aluminum alloys for aerospace. There is the potential for some of this to he commercialized, which will boost production. Additionally, there are high hopes that magnetic production, rechargeable battery production and other industries that use rare earths will be re-established in the US, which is likely to be the future direction of the Troy plant.
The company’s major strength is that it has both mining resources and production facilities, being able to combine the two to the best effect for the business. Gary says: “We realize that our resources aren’t the biggest on the planet but they’re the resources that most closely match the requirement for the materials that we make. And we are actively looking for other sources of supply that match similarly to what we produce so that we aren’t stuck trying to get rid of mounds of Cerium and Lanthanum.
“When you’re looking at our company, you have to consider the entire package, from our resources that are tailored to our production to the fact that we actually have a solid customer base. Plus, once the guys that make the permanent magnets know the material is available, really the sky’s the limit as far as production goes from our facilities.”
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Great Western Minerals Group is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet, automotive, and aerospace industries. Produced at the Company's wholly-owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG has signed an Off-take Agreement for 100% of the Rare Earth Elements produced at the former producing Steenkampskraal mine in South Africa and holds 92.6% ownership in Rare Earth Extraction Co. Limited, the owner of the Steenkampskraal mine. GWMG also holds interests in eight Rare Earth exploration and development properties in North America and Africa. |
Great Western Technologies, a 100% owned subsidiary, is a leading production facility in North America for extractive metallurgy, mineral processing, and specialty alloys manufacturing in the rare earth materials market. |
Less Common Metals, a 100% owned subsidiary, is a world leader in the manufacture and supply of rare earth based alloys and high purity metals focused on the permanent magnet industry. With considerable experience in the production of materials to tight compositional tolerances and controlled microstructures, LCM offers an innovative and highly flexible approach to a wide range of material requirements. |
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