Greg Andrews on Search Minerals Pilot Plant Optimization program and rare earths market
“We are blessed with our deposit in that it contains both the light rare earths that are used in the permanent magnet market, neodymium and praseodymium, and the heavy dysprosium. It is a nice mixture and concentration of each of those. That is going to support the permanent magnet market. Those elements of the permanent magnets compose 85% of our revenue and that is what we are really focused on.” states Greg Andrews, President, CEO and Director of Search Minerals Inc. (TSXV: SMY), in an interview with InvestorIntel’s Tracy Weslosky.
Greg went on to discuss their pilot plant program. He said that Search Minerals is currently undertaking an optimization program to continue to advance their proprietary direct extraction process. Greg also commented on the trade war happening between China and the US. He said that China has dominated the rare earths market and can use rare earths in a trade war with the US. That has got a lot of people interested in the sector.
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