https://newsletter.mw.creamermedia.com
Financial|Flow|Mining|PROJECT|Equipment|Flow
Financial|Flow|Mining|PROJECT|Equipment|Flow
financial|flow-company|mining|project|equipment|flow-industry-term

Canada Rare Earth set to become majority owner of Brazil tailings project

29th August 2023

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Canada Rare Earth has obtained the right to increase its ownership in the Bom Futuro tailings property in Brazil to a controlling 53% and to become the operator for the project.

The company currently owns 20% of Bom Futuro and will increase its interest by arranging financing for development.

“Our team is extremely pleased to be nearing the financing and implementation phase of our project. In the very near term, we expect to capitalise on the essential minerals contained within the tailings, by applying more modern approaches, know-how and equipment than has historically been utilized,“ said CEO Tracy Moore.

The Bom Futuro project includes 70-million tons of tailings accumulated from 15 years of tin mining by Paranapanema and artisanal operators. The tailings contain multiple critical and commercially saleable minerals, including tin/cassiterite, ilmenite, zircon and rare earths.

Currently, as project lead, Canada Rare Earth is conducting development work to finalise the operational plans and production estimates for the extraction of tin, zircon, monazite and ilmenite. This work includes bulk material tests, development of flow sheets, equipment selection, financial modelling, and mineral/metallurgical analyses.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.435 0.513s - 128pq - 2rq
Subscribe Now