Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
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Pensana, which raised £10 million in late December in a share placing in which fund giant M&G took a 5 per cent stake, is one of only three major producers outside of China and the only one in Europe.
Its minerals separation facility, to be built at Saltend Chemicals Park, aims to produce enough refined metals to meet 5 per cent of global demand - and has the potential to be one of the largest hubs of rare earths processing in the world.
Some of the smaller, exploration and early phase Rare Earth companies are doing well today
Interest could, maybe, be attributed to the former ASX listing Pensana (was PM8 before moving to UK domicile) moving ahead with a processing plant.
- ARR doing 20% up and at an all time high of 32c
- AR3 up 15% to $1.10
- IXR, a fellow ionic clay play, up 15% to 6.4c
- VML also picking itself up, now 6.0c
the only takeout I can arrive at; don't announce anything.Some of the smaller, exploration and early phase Rare Earth companies are doing well
- ARR doing 20% up and at an all time high of 32c
- AR3 up 15% to $1.10
- IXR, a fellow ionic clay play, up 15% to 6.4c
- VML also picking itself up, now 6.0c
I guess they found what they were looking for, and there it is, right on the surface. Drilling, that will tell how deep and what the resource is.The only exploration ARR has done so far is employ a geologist in the field to kick a few rocks over.
This is out of control!
Hits 50c and the sellers have dried up.
What’s going on????
they never dry up; merely regroup!Hits 50c and the sellers have dried up.
What’s going on????
they never dry up; merely regroup!
........ or ran our of red cordial
I must admit, whenever I think of Morningstar it reminds me of someone I met with my first girlfriend.
Usual response to query except to question 3.But it is quite interesting; wait for the ASX Query reply
3. If the answer to question 1 is “no”, is there any other explanation that ARR may have for the recent trading in its securities?
In recent days, there has been an increase in editorial coverage regarding the rare earths market in the market segments where we operate. This coverage has grown since the introduction of a bipartisan piece of legislation to the Senate of the United States. The Bill entitled Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022 (REEShore). The REEShore Act would restrict purchases of rare earths from China and encourage the extraction and processing of rare earth metals in the United States.
This increase in coverage could be a factor regarding increasing market confidence in our US based rare earths projects at La Paz, AZ and Halleck Creek, WY.
On the 12th January, ARR announced it is a Team member of the Critical Materials Institute (CMI). The CMI is a multi-institutional, multi-disciplinary consortium led by the Ames Laboratory. CMI is an Energy Innovation Hub of the U.S. Department of Energy. Its focus is innovation to assure supply chains for materials critical to clean energy technologies with special focus on the Rare Earths supply chain for the United States. These critical materials are essential for American competitiveness in clean energy, including wind turbines, solar panels, electric vehicles, and energy efficient lighting. The Department’s “Critical Materials Strategy” reported that supply challenges for five rare earth metals may affect clean energy technology deployment in the coming years. CMI is a public/private partnership, led by the Ames Laboratory, that brings together the best and brightest research minds from universities, national laboratories, and the private sector. The shared goal is to find innovative technology solutions that will help avoid a supply shortage that would threaten the US clean energy industry as well as security interests.
On the 7th January ARR announced a new Non-Executive Director Mr Sten Gustafson. Mr Gustafson currently serves as the Chief Executive Officer and a director of Pyrophyte Acquisition Corp. (NYSE: PHYT), a Special Purpose Acquisition Company (SPAC) focused on companies that provide products, services, equipment, and technologies that support a variety of energy transition solutions. Mr. Gustafson is a highly experienced energy service industry executive, investment banker, and corporate securities attorney. With over 25 years of experience in the global energy sector, Mr. Gustafson has advised on over 100 corporate transactions around the world for over $100 billion of transaction value. In the Company’s opinion no new material information exists that can be announced.
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