Powering the transition to a cleaner future
A rare earth element development company
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Our clean energy future will be electric, renewable, and sustainable
Smart solutions to clean energy sourcing and efficient power transmission will be key to our future interconnectivity.
High performance materials are essential for reliable e-mobility and renewable energy generation
Neodymium (Nd) and Praseodymium (Pr) are key rare earth elements to hi-tech markets that support a circular economy
Energy
Our clean energy future will be electric, renewable, and sustainable
Smart solutions to clean energy sourcing and efficient power transmission will be key to our future interconnectivity.
High performance materials are essential for reliable e-mobility and renewable energy generation
Neodymium (Nd) and Praseodymium (Pr) are key rare earth elements to hi-tech markets that support a circular economy
Energy
The Eureka Project - a uniquely derisked rare earth element project in Namibia
- Attractive deposit characteristics – well constrained deposit, low depth, enriched REE grades with a high proportion of Nd & Pr.
- Easy physical processability – mono-mineralic conventional REE ore mineral of consistently low thorium content, won by simple gravitational and magnetic methods
- Project accessibility - flat topography, sparsely populated, close proximity to major highway and Walvis Bay container port, on-site water and electricity access, in a favourable mining jurisdiction.
Why Neodymium?
Widely in demand
Neodymium permanent magnets are used in high-performance, low-weight and small size electric motors and generators.
Enabling Electric Vehicles
93% of all Electric Vehicle (EV) motors are permanent magnet traction motors.
Efficient & Reliable
The forecasted increase in wind power supply will almost fully substitute the decline in the coal-based power supply
Rare Earth Metals Availability
More than 80% of all refined rare earths
products are currently produced in China. Countries around the world are actively seeking rare earth resources outside of China as trade disputes and political tensions rise.
Market Potential
Other use cases include computers, robotics, brake energy recapture, and medical technology.
Accelerating market demand
Transition to clean technology is accelerating, creating a demand-supply gap of Neodymium (Nd)
Highly dependant markets
Nd&Pr (rare earth elements neodymium (Nd) and praseodymium (Pr)) are critical ingredients for electric motor vehicles and wind turbine generators
Sustainable
Electric Vehicles
Efficient
Wind Energy
High Demand
Computing
Developing Market