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Texas Mineral Resources Selected as a Consortium Member in a U.S. Department of Energy (DoE) .
Texas Mineral Resources CorpMay 3, 2021 GMT
DoE Award is TMRC’s 5th U.S. Government Award
SIERRA BLANCA, TX, May 03, 2021 (GLOBE NEWSWIRE) via NewMediaWire ‒ Texas Mineral Resources Corp. (OTCQB: TMRC)
Consortium led by the Pennsylvania State University
DOE award value approximately $1.2 million
DoE award is TMRC’s fifth U.S. Government award
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value critical elements and industrial minerals, is pleased to announce that the Department of Energy’s (DoE) National Energy Technical Laboratory (“NETL”) has selected a consortium led by the Pennsylvania State University, which includes Texas Mineral Resources, for an award targeting critical mineral recoveries
Consortium led by the Pennsylvania State University
DOE award value approximately $1.2 million
DoE award is TMRC’s fifth U.S. Government award
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value critical elements and industrial minerals, is pleased to announce that the Department of Energy’s (DoE) National Energy Technical Laboratory (“NETL”) has selected a consortium led by the Pennsylvania State University, which includes Texas Mineral Resources, for an award targeting critical mineral recoveries from waste streams. The grant, “Carbon Ore, Rare Earths and Critical Minerals (CORE-CM) Initiative for U.S. Basins,” will assess and catalog Northern Appalachian Basin rare earth elements and critical minerals resources and waste streams, develop strategies to recover minerals from these streams, and assess the infrastructure, industries and businesses in the Northern Appalachian Basin to det
30 Apr 2021 (Last Updated April 30th, 2021 09:40)
The US Department of Energy (DOE) has awarded $19m to fund the development of 13 projects to produce rare earth elements and critical minerals essential in the manufacture of batteries and magnets.
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The US DOE’s funding aims to support production of rare earth elements. Credit: Peggy Greb, US department of agriculture via Wikipedia.
The US Department of Energy (DOE) has awarded $19m to fund the development of 13 projects to produce rare earth elements and critical minerals essential in the manufacture of batteries and magnets.
The funding is expected to help the US accelerate its rare earth elements production as it aims to reduce its dependence on China due to strained trade relations.
April 23, 2021
In 2010, the Japanese government had a rude wakeup call: Beijing had abruptly cut off all rare earth exports to Japan over a fishing trawler dispute. Tokyo was almost entirely dependent on China for the critical metals, and the embargo exposed this acute vulnerability.
The silver lining to this incident, which sent global rare earth prices skyrocketing before they crashed down as the speculative bubble popped, is that it forced Japan to rethink its critical raw materials policy. A decade on, it has significantly reduced its dependance on China for rare earths, and continues to diversify its supply chain by investing in projects around the world. Its model may have lessons for the US, which desperately wants to break China’s rare earths monopoly. Rare earths are a group of 17 metals that are crucial in the manufacturing of high-tech products.