Big dose of reality, page-62

As a commentator said: Mr. Lifton – Your article seems to lump every non-Chinese rare earth venture into not understanding the dynamics of the rare earth sector, which is incorrect. There are some that are taking steps to properly evaluate the potential of developing a project and some have gone beyond that by establishing a value added segment..

And I tend to agree.

"The $56M project is funded through a mixture of equity, debt, offtake pre-payments, and deferred payments. I also suspect that R&D tax credits from the Government of Australia will play a role in the future.

Earlier in April the company announced an offtake agreement with Lianyugang Zeyu Materials Sales Co Ltd, a 51% owned subsidiary of the Guandong Rare Earths Group.

The Guandong Rare Earths Group is one of the 5 major heavy rare earth companies in China which are vertically integrated producers. Guandong Rare Earths Group aims to improve the international competiveness of China’s rare earth industry and voice to make a positive contribution.

The milestone agreement covers all planned production from the Browns Range Pilot Plant. The Sales Agreement terms are based on off Incoterms 2010 with pricing reference from a 2-month average of quoted prices on Asian Metals and Beijing Ruidow Information Technology."


https://investorintel.com/sectors/t...ls-revs-56-m-budget-heavy-rare-earths-engine/