18
Oct
13:47
RARE EARTH: REEtec increases offtake from Nechalacho project by 50%
Under an amended offtake agreement, Norway-based REEtec AS is increasing the volume of rare earth carbonate it is buying from Vital Metals and its Nechalacho rare earth project in Canada’s Northwest Territories by 50%, Kallanish reports.
The offtake agreement calls for the Canadian project to supply 750 tonnes/year of neodymium-praseodymium for five years. REEtec will be using the Canadian rare earths as its principal feedstock and the increased volume equat…
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