The US Department of Energy (DOE) will provide up to $18 million for basic research aimed at helping to ensure the continued availability of rare earth elements—or effective substitutes—critical to the functioning of the modern US economy. (LAB 20-2304)
Rare earth elements such as neodymium, praseodymium, lanthanum, and many others are vital to a host of contemporary technological and industrial applications, ranging from magnets in motors and wind turbines, to components of smartphones and computers, to catalysts in the chemical industry.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.