Rare earths are important for many of today’s technologies and tomorrow’s carbon-free economy.
Investors may not be very familiar with the metals individually, but the group of elements is found in technology all around us, commonly in the form of rare earth magnets, which are used in everything from electric vehicles to smartphones to wind turbines. As technology continues to advance, they are expected to remain in high demand.
Another long-term story in the rare earth element (REE) market is China’s dominance of the overall industry. With geopolitics at the forefront, countries are focusing more and more on attaining domestic sources of critical metals, and companies are working to find new sources in diverse locations to meet this growing demand.
Yearly gain: 95.65 percent; market cap: C$31.97 million; current share price: C$0.45
“The MRE places the Tiros Project as one of the largest undeveloped titanium and rare earth resource globally and in Brazil,” stated the company’s press release.
Yearly gain: 44.44 percent; market cap: C$88.2 million; current share price: C$0.52
Aclara Resources is a development-stage heavy rare earths company developing its ionic clays deposits, including the Penco module in Southern Chile and the Carina module in Central Brazil.
The company’s patented, award-winning Circular Mineral Harvesting closed-circuit rare earths extraction process eliminates the need for a tailings dam and conditions spent clays for future revegetation with native forests.
Yearly gain: 18.18 percent; market cap: C$25.48 million; current share price: C$0.13
Commerce Resources is developing the Ashram rare earth and fluorspar deposit located in Québec, Canada. The company believes the project has the potential to become a low-cost producer of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Leave a Reply