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Top ten US-based mid-tiers to juniors, excluding coal and precious metals


Top ten US-based mid-tiers to juniors, excluding coal and precious metals
The companies making up the 2021 top ten list of US-based mid-tiers and juniors, excluding coal and precious metals, have seen some of the most dramatic increases in valuations as their market caps surged over the course of the last year. This ranking is based on the companies’ market capitalizations as of July 7, as compiled by MiningIntelligence.
Energy Fuels
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The runaway success story of the last year has been Energy Fuels (TSX: EFR; NYSE: UUUU), which did not make the ranking in 2020 but has surged to the top position with a market cap of $773 million, thanks to the renewed interest in nuclear energy and rare earth elements (REEs). ....

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USA Rare Earth exercises option to pick 80% stake in Round Top project


USA Rare Earth exercises option to pick 80% stake in Round Top project
21 May 2021 (Last Updated May 21st, 2021 15:08)
As per the deal signed in 2019, USA Rare Earth has exercised its option to acquire an 80% stake in the Round Top project in the US.
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USA Rare Earth has exercised its option to acquire 80% of the Round Top heavy rare earth project in Texas, US.
The option has been exercised in accordance with the terms of the amended and restated option agreement signed with Texas Mineral Resources (TMRC) in 2019.
Additionally, USA Rare Earth raised $50m in a Series C funding round. ....

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TMRC consortium awarded second phase of DOE contract targeting production of mixed rare earth oxides from PA coal waste


TMRC consortium awarded second phase of DOE contract targeting production of mixed rare earth oxides from PA coal waste
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, announced that the Department of Energy’s (DOE) National Energy Technical Laboratory (NETL) has selected a TMRC-led consortium to continue a contract targeting the production of rare earths from Pennsylvania coal waste.
This contract option continues the successful completion of the first phase of a DOE solicitation award in September 2020. The award value is approximately $1.1 million.
TMRC’s project partners include Penn State, Jeddo Coal Company and McCarl’s. The Texas Mineral Resources consortium objective is to install a self-contained, modular and portable pilot plant at a Jeddo Coal Pennsylvania site, capable of producing 1-3 metric tons of rare earth oxides derived from ....

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Penn State to lead critical minerals consortium powered by $1.2 million from DOE


Penn State to lead critical minerals consortium powered by $1.2 million from DOE
A byproduct of coal mining, acid mine drainage sludge sites, like this one in central Pennsylvania, are rich in critical minerals. Scientists with the CANARY project will take stock of resources in northern Appalachia that could contribute to creating a domestic supply of these materials. 
Image: Sarma Pisupati/Penn State
Penn State to lead critical minerals consortium powered by $1.2 million from DOE
Matthew Carroll
May 06, 2021
UNIVERSITY PARK, Pa. A region famous for the coal that once fueled a growing nation is now the focus of a $1.2 million project, led by Penn State researchers, aimed at establishing domestic supplies of critical minerals needed to produce modern technology from cell phones to fighter jets. ....

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