"Proprietary Technology – continued improvements to the Company’s patent-pending technology have delivered a 99.999% pure, thorium-free TREO powder that has then been separated into heavy and light rare earth fractions in a single step. Optimization work continues with a focus on reducing costs and further separating the fractions into products attractive to potential end-users."
They are the only advanced REE refining company in the US (Canadian company with the US Wyoming mine site) I have found and they will be looking for a mine property or would be IMO, willing to license or lease to a new site that found REE ore worth mining, if they face more long term delays.
The parent company ticker looks like it is Canadian!!! REEMF and the F means it foreign, and IIRC it is Canadian, but the mine site they want to use (Have) is in Wyoming.
IIRC, they invented the new REE refining technology for use at the Bear Lodge Project.
Since NWGC has not yet said they are targeting REE, I did not go deeper into REEMF-Refining method patents yet. But I plan to.
Like I said, I have told people for months that REE ore either needs to be shipped to Canada or China, to be refined, unless some one steps up and builds one in the US, or comes up with fast low cost simpler, more environmentally friendly way to do it in the US.
The two planned in Texas, backed by the US DOD, are meeting with local protests already.
I got deep into this REE subject in 2010 when China decided to restrict over seas sales and force everyone to buy finished products like generators and motors from China, and not just the pure REE, which did not sit well with Japan....
In summary there is REE in Wyoming, massive amounts, the problem is where it is, and the second problem for about 20+ years is all US REE refining was shut down and all imported from China.
Old school methods of REE-refining would not cut in the US, especially in a Tribal Indian forest, which is why I went looking months ago for the latest inf on who had what, where and what new refining was planned, and what advanced technology was ready....
One of the biggest mistakes investors can make is to assume some guy in his garage can not come up with something new and revolutionary....Quoting Bill Gates there, LOL
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