Round Top rare earths element project, US
Name of the Project
Round Top rare earths element project.
Location
The pilot process plant will be built in Wheat Ridge, Colorado, in the US, to separate and purify rare earths and other tech metals leached from ore from the Round Top project.
Project Owner/s
Texas Mineral Resources Corp and USA Rare Earth.
Project Description
The project envisages a processing rate of 20 000 t/d of rhyolite or 7.3-million tons a year.
All minerals processing on site will be undertaken using continuous ion exchange and ion chromatography processing to generate high-purity rare-earth oxides (REOs), as well as technology metals and industrial minerals. REO production will average 2 312 t/y.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $1.56-billion and an internal rate of return of 70%, with a payback of 1.4 years.
Capital Expenditure
$350.4-million.
Planned Start/End Date
Not stated.
Latest Developments
In December 2019, Texas Mineral Resources and USA Rare Earth announced the start of a pilot process development facility in Wheat Ridge.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Texas Mineral Resources Corp investor relations, tel +1908451 4234 or email amarchese@tmrcorp.com.
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