Rare Earth Minerals Partner Discovers New Metal Resources In Mexico

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Rare Earth Minerals PLC’s partner, Bacanora Minerals Ltd, “has received analytical results for alkali metals and alkali earth metals from drilling conducted on the El Sauz and Fleur concessions (the “Concessions”).”

According to the press release in the Wall Street Journal, “The additional analytical data is being used by the Company to declare new inferred resources for potassium, rubidium, cesium, magnesium and strontium within the resource previously estimated for lithium.”

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“The analytical results were obtained from pulps of core samples previously analysed in connection with the Company’s lithium (Li) drilling programs, which were re-analysed by ALS Global, an internationally recognized and ISO accredited laboratory, using method ME-MS81(1) , in order to achieve better definition of alkali values above detection limits of the previous analytical method that was used in connection with Li analyses (ME-MS41(2) ).”

Cerium oxide remained unaffected this week. Prices for all other metals Rare Earths MMI® also kept constant. Dysprosium oxide remained unchanged for the week. Europium oxide remained essentially flat from the previous week.

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Following a steady week, prices for lanthanum oxide closed flat. Neodymium prices held steady from the previous week. Neodymium traded sideways last week. The week finished with no movement for neodymium oxide.

The price of praseodymium oxide did not change since the previous week. Prices for rare earth carbonate remained constant, closing the week. The price of samarium oxide did not change since the previous week. The week finished with no movement for terbium metal.

Terbium oxide remained essentially flat from the previous week. Yttria remained unchanged for the week. Yttrium prices held steady from the previous week.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.