Chico; As always brother, thank you for your insight and anlysis!
In support of your previous suggestions that USA Rare Earths might be that partner: http://searchminerals.ca/news/news-releases/usa-rare-earth-participates-in-search-minerals-private-placement-with-strategic-investment-of-cad630-000-cdn
Vancouver, B.C. March 11, 2021, Search Minerals Inc
. (TSXV: SMY) (“Search” or the “Company”) and USA Rare Earth, LLC
(“USA Rare Earth”) are pleased to announce that USA Rare Earth, LLC purchased 9,000,000 units at $0.07 per unit for proceeds of $630,000 CDN in the Company’s most recent financing that closed on March 11, 2021.
On November 10, 2020 Search and USA Rare Earth
, jointly announced a Technical Collaboration Framework Agreement whereby the two companies would work on several initiatives. USA Rare Earth is the funding and development partner of the Round Top Heavy Rare Earth, Lithium and Critical Minerals Project in Hudspeth County, West Texas, together with Texas Mineral Resources Corp. (OTCQB: TMRC)As part of Search’s and USA Rare Earth’s development plans, the companies intend to expand the collaboration to include discussions regarding separation, marketing and off-take of Search’s future production.These discussions are in line with Search’s ambition to be an important contributor to the development of a North American Critical Material supply chain and USA Rare Earth’s strategy of Mine-to-Magnet processing.
USA Rare Earth
is building an integrated Mine-to-Magnet supply chain as the development and funding partner of the Round Top Mountain critical minerals and heavy rare earth project in Hudspeth County, West Texas, the owner of sintered rare earth magnet manufacturing equipment previously owned and operated by Hitachi Metals in North Carolina, and the operator of a a rare earth and critical minerals facility in Wheat Ridge, Colorado, which is commissioning a pilot plant using Continuous Ion Exchange (CIX) extraction, separation and recovery methods using feedstock from Round Top and other non-Chinese sources
(More at link!)
IPOs Boosting the Space
Capital inflow, funding and initial public offering continue to boost the rare earth element space. Last year, rare earth miner MP Materials Corp. MP went public after merging with a special purpose acquisition company (SPAC) for around $1.47 billion. With the American government’s support to reduce reliance on China’s rare earth minerals, several companies are making efforts to make use of the opportunity. Both MP Materials and Lynas Rare Earths received grants from the U.S. Department of Defense to boost domestic production of rare earth minerals. USA Rare Earth
, a mining firm, is also planning to get listed on the NYSE this year at a valuation of more than $1 billion. The company is already developing the Round Top Mountain mine near Sierra Blanca, in Hudspeth County, TX, and plans to commence operations by 2023.
(...Snip more at link.)
From earlier in the year: https://www.mining.com/web/usa-rare-earth