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Neo Performance Materials to acquire exploration license for rare earth element project in Greenland

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The project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps that help reduce greenhouse gas emissions. Sarfartoq carbonatite drill cores.

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Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

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Under an agreement in principle, subject to completion of definitive agreements, Colorado-based Energy Fuels will process natural monazite sands into an RE Carbonate beginning in March or April 2021 and ship a portion of that production to Neo’s rare earth separations facility in Sillamäe, Estonia (Silmet).

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Skeleton Technologies receives US patent for nanoporous carbon powder supercapacitor material; higher energy and power densities and lower cost

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Skeleton Technologies , an energy-storage start-up located in Tartu, Estonia, was recently awarded a US patent ( #7,803,345 ) on its nanoporous carbon powder supercapacitor material. According to a new report from Pike Research, worldwide sales of ultracapacitors will grow tenfold from just $28.2 million in 2011 to $284.1

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Molycorp to increase supply of rare earth materials to Hitachi Metals; the two call off US joint venture plans

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Rare earth materials and permanent magnets are utilized in a wide range of products, but are critical enablers for many clean energy technologies such as hybrid and electric-drive vehicles, wind turbines, and lighting as well as for consumer electronics, IT and communications systems, and defense systems.

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