The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Adamas forecasts NdPr prices to hit $150/kg to ensure supply keeps pace with auto demand Despite a widely held belief that soaring neodymium-praseodymium prices would press automakers to look at alternatives to these rare earths for magnets going into electric vehicles, Adamas Intelligence forecasts that NdPr oxide prices will double by the end of the decade. NdPr is a combination of the rare earths neodymium and praseodymium used in the powerful neodymium-iron-boron magnets...
The U.S. Department of Energy has awarded $2.8 billion in grants for 20 projects to expand the domestic manufacturing of materials for lithium batteries powering electric vehicles and storing renewable energy. Here is a brief rundown of the grants and projects under this American-made battery materials initiative. 6K Inc. will receive $50 million in federal funds and plans to invest another $57.4 million to demonstrate the ability to domestically produce NMC 811 and lithium...
Summit spotlights Saskatoon as an emerging rare earths hub in North America Saskatoon, a small city in the heart of the Canadian province of Saskatchewan, is emerging as the master link in a North American rare earth supply chain with connections in Canada, Australia, Europe, and the United States. This city of just over 300,000 people on the Canadian Prairies is not gaining notoriety as a major North American rare earth hub due to rich deposits of this suite of 15 enigmatic...
Proposed merger with GXII would provide Nasdaq listing, access to cash for Elk Creek. To fund the development of a mine at its Elk Creek project in Nebraska that produces niobium, rare earths, and other metals critical to American industry, NioCorp Developments Ltd. is merging with GX Acquisition Corp. II, a blank check corporation with nearly US$300 million in the bank and a Nasdaq stock exchange listing that will make access to additional capital possible. In fact, NioCorp...
Elk Creek demo plant recovers magnesium-calcium carbonate with 99% purity. As an initial step toward the ultimate goal of producing niobium, rare earths, scandium, and titanium at a future Elk Creek Mine, NioCorp Developments Ltd. announced that its demonstration-scale processing plant in Quebec, Canada has produced a high-grade calcium-magnesium carbonate from ore obtained from its critical minerals project in Nebraska. The idea behind removing the calcium and magnesium from...
Jervois ramps up Idaho cobalt mine; concentrates must be shipped out of U.S. for refining. The ramping up of commercial production at Jervois Global Ltd.'s Idaho Cobalt Operations mine will provide American automakers with a domestic source of a metal critical to the performance of the lithium-ion batteries going into an increasing number of electric vehicles rolling off assembly lines. Foreseeing a sharp rise in the demand for cobalt in the United States and around the globe...
SABERS research team at NASA are developing solid- state batteries for electric aircraft. Knowing that the electrification of air transportation requires batteries that are lighter, store more energy, and are safer than the lithium-ion batteries being used for ground transportation, a team of researchers at NASA are advancing new battery technology that achieves this trifecta. While range anxiety and concerns about the durability and fire hazard are on the minds of those...
Lux Partners will tokenize Madison uranium to create first uranium NFT. Is digitizing and selling mineral resources still in the ground the future of financing mineral exploration and mining projects? Madison Metals Inc. believes it could be and has signed a historic agreement to contribute up to 20 million pounds of uranium from resources at its projects in Namibia to support the first-ever uranium-backed NFTs. NFTs, or non-fungible tokens, are unique digital assets that are...
TMX info services division offers AI-powered mining analytics software. Prospecting for investment gems out of more than 2,000 publicly traded mining and mineral exploration companies has gotten a lot easier and accessible with a new agreement for TMX Datalinx, the information services division of the mining exchange powerhouse TMX Group, to sell the artificial intelligence-powered Prospector analytical tool. The brainchild of Emily King, a geologist and visionary with extensi...
Psyche mission to $10 quintillion metal asteroid is slated for 2023. NASA and the agency's Jet Propulsion Laboratory are psyched about a recent decision to put their planned mission to a metal-rich asteroid beyond Mars back on the docket. The space agency had originally planned to send a probe to 16 Psyche, a roughly 140-mile-wide asteroid in the belt between Mars and Jupiter, earlier this year. This mission, named after the destination asteroid, however, had to be scrubbed...
When Ontario unveiled its critical minerals strategy earlier this year, the idea was to leverage the rich mineral endowment in the northern reaches of the province and the established manufacturing in the south to attract investment from some of the biggest names along the electric vehicle supply chain. With LG Energy Solution, one of the world's largest lithium-ion battery companies, inking two deals to source battery-grade cobalt and lithium from the province, it seems that...
Polymathian will bolster Sandvik's automated and battery-electric mining solutions. In yet another move to bolster its digital mining technologies division, Sandvik has cut a deal to acquire Polymathian Industrial Mathematics, an Australia-based provider of advanced mine optimization software and services. Founded in 2013 by a trio of mathematicians and operations researchers, Polymathian leverages its world-leading expertise in industrial mathematics, simulation, machine...
Boston Dynamics' Spot fitted with Exyn autonomy and Trimble 3D scanning tech. Upgraded with the powerful autonomy offered by Exyn Technologies and Trimble's advanced 3D scanning system, Boston Dynamics' Spot robot dog has been transformed into a state-of-the-art autonomous surveyor that can traverse, image, and map complex environments without the need for GPS or other guidance. "The integration of autonomous surveying technology into a construction workflow has...
Great Plains states, CO-WY border to be scanned for critical minerals. In its ongoing quest to identify domestic sources of the 50 minerals deemed critical to America's economy and security, the U.S. Geological Survey is investing $6 million to scan northern Great Plains states and mountains spanning the Colorado-Wyoming border for 40 of these minerals essential to powering everything from household appliances and electronics to clean energy and advanced technologies. This...
Begins systematic investigation of overlooked rare earths project in SW Montana. To gain a deeper understanding of the high-grade rare earth mineralization coming to surface at Sheep Creek, and investigate the potential for a larger deposit of this group of technology elements, US Critical Metals Corp. and US Critical Materials Corp. are carrying out detailed mapping and sampling of this overlooked and underexplored project in southwestern Montana. While high-grade rare...
Rio Tinto, Ottawa to invest C$737M in lowering GHG emissions, upping critical minerals output in Quebec. Mining giant Rio Tinto and the Canadian government have committed to investing up to C$737 million (US$537 million) into significantly reducing the greenhouse gas emissions at Rio Tinto Fer et Titane (RTFT), a metallurgical complex in Quebec that produces titanium, scandium, steel, and other metal products critical to electric vehicles, 3D printing, and aerospace. "Rio...
In a massive leap toward establishing a domestic lithium-ion battery supply chain, the White House has awarded $2.8 billion in grants to companies advancing 20 battery materials manufacturing and processing projects in the U.S. and launched an initiative "to mobilize the entire government in securing a reliable and sustainable supply of critical minerals used for power, electricity, and electric vehicles." To be administered by the U.S. Department of Energy, the grants are to...
USGS, NASA use hyperspectral imaging to seek critical minerals in Southwest US. To gain a broader view of potential domestic sources of the minerals needed for everything from electronic devices and household tools to electric vehicles and wind turbines, the U.S. Geological Survey has teamed up with NASA to use airborne hyperspectral imaging to scan portions of the American Southwest for critical minerals. "NASA has a long history of Earth observation that shows us how the pla...
Rio Tinto, Scania are reimagining mining with more agile and efficient self-driving truck. Will the automation and electrification of mining trucks shrink the size of equipment used to dig up and haul ore and waste rock at mines around the globe? Rio Tinto believes it could and has teamed up with Scania to develop more energy-efficient and agile autonomous haul trucks at the Channar iron ore mine in the Pilbara region of Western Australia. "Rio Tinto is excited to partner...
Plans to build first rare earths plant In the Gulf Coast state by 2024. With $10 million in economic incentives and quicker permitting of already established industrial sites on the Gulf of Mexico, Louisiana has lured Ucore Rare Metals Inc. and its proprietary rare earths separation technology away from Alaska. In 2020, Ucore set a plan in motion to begin producing individual rare earth elements in Alaska by 2023. The idea was to install its RapidSX rare earths separation...
In another example of global automakers heading to the very front end of global supply chains to source the materials they need to transition to electric mobility, General Motors is making up to a US$69 million strategic investment into Queensland Pacific Metals, an Australian company that is developing a refinery that will produce the nickel and cobalt needed for EV batteries. "The collaboration with Queensland Pacific Metals will provide GM with a secure, cost-competitive...
In a move that demonstrates automakers need all the battery materials that can possibly be produced by the global mining sector, Stellantis has entered into a preliminary agreement to buy battery-grade nickel and cobalt from a future mine developed at GME Resources Ltd.'s NiWest project in Western Australia. NiWest is an advanced stage nickel-cobalt project that lies less than 20 miles away of Glencore's Murrin Murrin operation, the largest nickel-cobalt mine and refinery in...
Adding to the rapidly expanding line of mineral exploration and mining products, technologies, and services, Epiroc has cut a deal to acquire Geoscan Pty Ltd, an Australian company that provides digital mineralogical analysis and core logging solutions. Logging the cylindrical core of rock brought to the surface by drilling into the earth provides geologist with a layer-by-layer view of the rocks that lay beneath their feet and sampling that core provides a detailed analysis o...
Looking beyond the carbon dioxide emitted from tailpipes, Toyota Motor Corp. is investigating hydrogen as a cleaner and tastier fuel for the stoves and ovens that cook the food for millions of households around the globe. Teaming up with Rinnai, a Japanese manufacturer of gas appliances, Toyota plans to demonstrate the potential advantages of hydrogen-fueled cooking and home heating in Woven City – a living laboratory that Toyota's human-centered mobility and technology subsid...
To speed the discovery of nickel needed in enormous quantities for the lithium-ion batteries powering the electric vehicle revolution, Talon Metals Corp. is piloting Fleet Space Technologies' ExoSphere satellite-enabled geophysics system. Fleet's ExoSphere system utilizes a combination of lightweight earthbound geophones, edge computing, and a constellation of low-earth-orbit nanosatellites to quickly and efficiently scan the Earth for potential mineral deposits buried...
