Friday, June 25, 2021 9:57:55 AM
From your link:
"President Donald Trump sharpened the directive last July, telling the Pentagon to fund U.S. rare earths projects and find better ways to procure military-grade magnets made from rare earths.
Earlier on Wednesday, Australia-based Lynas Corp LYC.AX and privately held Blue Line Corp also said they were chosen by the Pentagon to process heavy rare earths imported from Australia in a plant to be built in Texas. The deadline to apply for that for that project was in December.
Other applicants for the Pentagon funding programs included Texas Mineral Resources Corp TMRC.PK; a joint venture between Alaska's UCore Rare Metals UCU.V and Materion Corp MTRN.N; Medallion Resources Ltd MDL.V and Search Minerals Inc SMY.V, both of Canada; and Nebraska's NioCorp Developments Ltd NB.TO.
For a FACTBOX about these projects, click here:
Meanwhile, U.S. government scientists at the DOE institute are studying ways to recycle rare earth magnets, to find substitutes and to locate new sources of the strategic minerals. None of that research is shared with MP Materials.
“MP Materials recognizes they have become the elephant in the room that the U.S. government doesn’t want to acknowledge, given their relationship with Shenghe,” said Ryan Castilloux, a rare earths industry consultant at Adamas Intelligence."
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