Mentioned:
UUUU -14.13% CRML -11.17%
Two publicly traded American mining companies are coming together for form a new partnership for rare earth elements. But, why?
What’s happening:
- Energy Fuels (NYSE: UUUU) and The Chemours Company (NYSE: CC) have announced a new strategic alliance focused on rare earth elements and critical minerals
Why it matters:
- Energy Fuels and The Chemours Company’s new alliance is aiming to significantly strengthen the supply chain of both rare earth elements and critical minerals in the United States of America in order to become less dependent on foreign countries
Going deeper:
- Energy Fuels is advancing multiple rare earth projects in Madagascar, Brazil and Australia that all have the potential to be a major source of supply of both rare earth elements and critical minerals
- The Chemours Company operates heavy mineral sands mining and separation facilities in Georgia and Florida which are a highly important part of the extraction process for rare earth elements as well as other minerals such as titanium and zirconium
The intrigue:
- Rare earth elements have come into heightened focused lately, which has been partly fuelled by political discussions in the United States of America as well as publicly traded companies such as Critical Metals (NASDAQ: CRML) advancing highly significant rare earth projects
