The last great shaking out of the American car-making industry occurred between 1950 and 1960. Nineteen nameplates were extant in 1950 and just 11 in 1959. Among the nameplates that bit the dust were Packard, Hudson, Cord, Nash, Kaiser-Fraser, and Studebaker. You probably don’t remember any of them, but I do. My uncle Sam had a 1947 Hudson and my father bought a wrecked 1956 Packard and restored it as a wedding present for my sister. Did I mention that the first car I remember was my dad’s 1937 LaSalle sedan, which we (he) drove from Detroit to Winnipeg in 1946,? (General Motors (GM) absorbed the LaSalle brand name into Cadillac just before the war)

Just after Pearl Harbor, President Roosevelt called William S Knudsen, an outstanding manufacturing engineer who was then the CEO of General Motors, to Washington and asked him if he could build trucks, tanks, artillery, and machine guns for the U.S. Army. Knudsen gave the same answer to the President that businessmen had given to their political masters for thousands of years: “What specifications, how many, when do you need them, and how do we get paid? Roosevelt answered, the Army will work with you on the specs, we need as many as you can make, we need them as soon as possible, and we will work out a cost-plus arrangement. Knudsen said, “O.K.,” and as he was leaving he said, “Oh, and we’ll need priority on critical raw materials.”

U.S. Steel, Alcoa, and Kennecot were soon in the picture. Those were simpler times, at least for critical war materials, indeed.

Roosevelt shortly after saw Henry J. Kaiser (merchant ships), and Edsel Ford (bomber aircraft) and set in motion the greatest volume of war materiel construction in history.

The statesmen and engineer-managers, who understood the importance and the dynamics of material supply chains of that day, are long gone, and the pathetic wannabes of today in business, finance, and government are not even remotely capable of such deeds, but they talk as if they are. Do you honestly think that Joe Biden, Bill Gates, or Jamie Dimon understand the details and choke-points of the supply chains for cars, much less for computer “chips.”

So, what’s this got to do with the American need for secure supplies of rare earths for magnet manufacturing?

Just this analogy: When the going got tough for the car makers in the 1950s, who had built vast overcapacity in the belief/hope that the postwar demand for cars would just continue indefinitely, they soon discovered that merging companies with overcapacity and inability to create new product (innovate) or understand the markets didn’t work.

The paradigm example of this was the Studebaker-Packard merger, which resulted in the death of both companies primarily due to management incompetence as well as market rejection for lack of value in their product when compared to the competition.

So, with that in mind, let me be brief in my opinion:

I don’t think that it is a good idea for MP Materials Corp. (NYSE: MP) and Lynas Rare Earths Ltd. (ASX: LYC) to merge.

Both companies are run by CEOs who came from the finance sector with no education or experience in mining or processing.

Both companies have too much capacity for the market(s) in which they compete

One of the companies doesn’t have downstream operational experience and is putting the magnet cart before the necessary feedstock horse.

The ore bodies mined by the separate companies are distinct and of different types of ore and mineral composition – i.e., the operations of one could not process the ore of the other without very expensive and extensive engineering changes.

The idea, put forward in the latest earnings call of one of them, of third party tolling is just nuts (aka, not practical), or are they admitting that their own operations cannot supply enough material, economically, for their own capacity. At least their CEO is honest when she says that there are issues with radioactive components and byproducts when processing the monazite ore that feeds Lynas, but not MP.

The combined company, Lynas/MP or MP/Lynas would have excess capacity (If MP can get Project Phoenix revived) or only capacity for monazite (Lynas). Third party bastnaesite (MP) feed is very unlikely to develop, other than ultimately from scrap magnets and processing that will require substantial volumes of scrap – that are not available economically today – and substantial front end chemical engineering in a separate expensive recycling circuit, it does not make sense to dedicate capacity to recycling at Lynas or MP.

The subject matter illiterates who populate the rare earth analytical space confuse announcements with deeds. This is of course always how juniors raise capital, but we are talking here about producing miners confusing the “expert” analysts.

Of course, if a third party merged the two companies then the CEOs of both Lynas and MP would get enormous payouts.

But, for financializers the goal is to help their respective countries, right?

InvestorNews is pleased to announce an upcoming InvestorTalk scheduled for Thursday, April 25th at 9 AM EST, featuring Dave Mehalick, the Chairman, President, and CEO of Coeptis Therapeutics Holdings, Inc. (NASDAQ: COEP). To participate in this engaging discussion, please click here

Currently, Coeptis Therapeutics holds 36,089,917 shares outstanding and has a market capitalization of USD$12,631,471.

In preparation for tomorrow’s InvestorTalk, here are the three most recent news releases from Coeptis for your review, which are listed below:

• April 2, 2024 — Coeptis Therapeutics Congratulates Alexander Deiters, Professor at the University of Pittsburgh, on Receiving the 2024 Chancellor’s Distinguished Research Award — click here
• February 26, 2024 — Coeptis Therapeutics Adds Autoimmune Indications to Exclusive License Agreement with University of Pittsburgh for SNAP-CAR T and SNAP-CAR NK — click here
• February 7, 2024 — Coeptis Therapeutics to Pursue Phase 2 Program Using Proprietary First-in-Class Allogeneic NK Cell Therapy for the Treatment of Viral Infections — click here

5-Data Points from the most recent news release:

1. Recognition of Professor Alexander Deiters: Professor Deiters received the 2024 Chancellor’s Distinguished Research Award from the University of Pittsburgh for his interdisciplinary research in chemistry and biology, underscoring the high impact and innovative nature of his work on the SNAP-CAR platform.
2. Development of SNAP-CAR Technology: The SNAP-CAR T cell therapy platform, co-developed by Professor Alexander Deiters, is significant for its innovative approach in targeting cancer and autoimmune diseases through a universal receptor adaptable to multiple antigens.
3. Expansion of License for Autoimmune Indications: Coeptis Therapeutics expanded its exclusive license agreement with the University of Pittsburgh to include autoimmune indications for the SNAP-CAR T and NK cell therapies. This expansion highlights the broad potential of SNAP-CAR technology beyond oncology to address significant needs in autoimmune diseases.
4. Pursuit of Phase 2 Program for NK Cell Therapy Against Viral Infections: Coeptis Therapeutics announced plans to initiate a Phase 2 program using DVX201, their proprietary NK cell therapy, targeting severe viral infections such as the “tripledemic” of influenza, COVID-19, and RSV. This highlights the company’s strategic move into infectious disease treatment using innovative cell therapy.
5. Market Growth in Autoimmune Disease Treatments: The global treatment market for autoimmune diseases is projected to grow significantly, from $7.68 billion in 2024 to $12.64 billion in 2028. This indicates a substantial market opportunity for Coeptis Therapeutics’ expanded applications of their SNAP-CAR technology.

(04.24.2024 at 10:40 AM EST, Source)

The last InvestorNews Interview was on March 4, 2024, and was titled: Coeptis’ Dave Mehalick on the disruptive potential of SNAP-CAR technology for autoimmune diseases — click here

InvestorNews is hosting an InvestorTalk this morning with André Larente, CEO, President, and Director from DIAGNOS Inc. (TSXV: ADK | OTCQB: DGNOF) at 9 AM EST. To participate in the InvestorTalk, please click here

DIAGNOS has 76,648,586 shares outstanding and a market cap of CAD$22,994,576.

In preparing for this morning’s InvestorTalk here are the latest news releases for your review:

• April 16, 2024 — DIAGNOS to expedite application for Medical Device License to Health Canada and US FDA related to its 4 new analysis modules, and is planning ISO 27001 certification — click here
• April 9, 2024 — DIAGNOS Inc. to Present at the Technology Hybrid Investor Conference April 11th — click here
• April 2, 2024 — DIAGNOS Welcomes Dr. Philippe Couillard to its Board of Directors — click here

5-Data Points from the most recent news release:

1. Approval Process: Diagnos Inc. is working to obtain Health Canada and U.S. FDA approvals for four additional AI analysis modules, with plans to commercialize these during Q3 2024.
2. Module Functions: The new AI modules are designed to assist healthcare professionals in identifying abnormal Optical Coherence Tomography (OCT) retinal images and in grading Fundus images for signs of AMD (Age-Related Macular Degeneration), DR (Diabetic Retinopathy), and HR (Hypertensive Retinopathy).
3. Impact on Revenue and Distribution: The modernization of Diagnos’ Health Canada license is seen as essential for distribution partnerships, including with Essilor Luxottica for the Canadian market, and for potential expansion into the U.S. market. This expansion is expected to accelerate revenue growth for Diagnos.
4. ISO 27001 Certification: Diagnos is also progressing towards obtaining ISO 27001 Cyber Security certification, which is a requirement from current and prospective customers to enhance data security.
5. Company Background and AI Platform: Diagnos is a publicly traded company on the TSX Venture Exchange and the OTCQB. It specializes in early detection of critical health issues using its FLAIRE AI platform, which supports the development and application of AI technologies such as CARA (Computer Assisted Retina Analysis) for enhanced retinal image analysis.

(04.24.2024 – Premarket, Source)

The last InvestorNews Interview was on December 14, 2023, and was titled: Andre Larente from DIAGNOS on Deal with World’s Largest Eyecare Retailer EssilorLuxottica

In the latest thinkpiece from Hallgarten & Company, editor Christopher Ecclestone analyzes the issue of critical metal and mineral supply, drawing attention to the complexities faced by both China and the West. The report, titled “Criticality & China: A Matter of Perspective,” points out that China, commonly perceived as dominating the supply of various critical metals, faces significant challenges in maintaining this control. The document highlights how critical metals such as Antimony, Heavy Rare Earths, and Cesium, although seen as China-dominated, are also problematic for China to procure and maintain due to long supply lines and geopolitical instabilities.

Ecclestone argues that the West, particularly the U.S., has overlooked Chinese encroachments in the global metals market due to an inward-looking approach. “The US allowed its total dominance of Cesium to transfer to total China dominance at the stroke of a pen,” he states, underscoring the strategic missteps in managing critical metal supplies. Furthermore, he discusses the geopolitical risks associated with metal supply chains, noting that a change in government in supplier countries like the DRC, Zambia, and Burma can quickly turn supply certainty into doubt.

The report criticizes the current state of criticality rankings, which Ecclestone claims are corrupted by “carpetbagging promoters” who influence government listings to favor their interests, thereby devaluing the concept of criticality. He stresses the need for more rigorous methodologies in evaluating critical metal lists to prevent them from becoming as valueless as “Monopoly money.”

Ecclestone’s analysis also contemplates a hypothetical Chinese criticality list, considering the metals and minerals China truly needs, especially in potential conflict scenarios. He points out the strategic disadvantage China faces due to its dependence on foreign sources for essential metals required in wartime, drawing parallels with historical precedents where resource scarcity impacted military campaigns.

Overall, the thinkpiece serves as a wake-up call to the West to reevaluate its approach to critical metals and the broader implications of geopolitical dynamics on global supply chains. To read the full report, click here

Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR), a prominent U.S. producer of uranium, rare earths, and vanadium, has just announced a definitive acquisition of Base Resources Limited (ASX: BSE | AIM: BSE). This transformative deal, valued at approximately A$375 million (roughly USD$240.9M), involves the purchase of 100% of Base Resources’ issued shares, marking a significant expansion into the global critical minerals market and reshaping Energy Fuels’ strategic capabilities across several key mineral sectors.

This acquisition integrates the Toliara heavy mineral sands project in Madagascar into Energy Fuels’ portfolio. Toliara is renowned for its extensive deposits of heavy mineral sands, particularly monazite, which is a byproduct of titanium and zirconium production. This site is one of the world’s most advanced and cost-effective sources for monazite, expected to play a pivotal role in Energy Fuels’ expansion into low-cost, high-value rare earth oxide production. The monazite from Toliara is slated for processing at Energy Fuels’ fully owned White Mesa Mill in Utah, positioning the company as a first-tier producer of separated rare earth element oxides in a U.S.-centered operation.

The strategic significance of this acquisition extends beyond resource expansion; it encompasses the incorporation of Base Resources’ seasoned mine development and operations team. This team has a proven track record in designing, constructing, and operating world-class heavy mineral sand operations in Africa, which will be invaluable in maximizing the operational efficiencies and productivity of the Toliara project.

Financially, the transaction involves an exchange of 0.0260 Energy Fuels common shares plus A$0.065 in cash per Base Resources share, representing a robust valuation that underscores the anticipated synergistic benefits. The deal, structured as a scheme of arrangement under Australia’s Corporations Act, highlights the strategic foresight of Energy Fuels’ management in securing a diversified supply of critical minerals essential for modern technologies such as electric vehicles and renewable energy systems.

Energy Fuels is also engaged in high-level discussions with various U.S. government agencies and offices, seeking support for this and other critical mineral projects both domestically and internationally. This engagement underscores the strategic importance of the Toliara project not just to Energy Fuels but to the broader U.S. supply chain for critical materials.

Jack Lifton, Co-Chair of the Critical Minerals Institute (CMI), underscored the global significance of this acquisition, stating, “This acquisition by Energy Fuels puts them into the world-class rare earth space. This is arguably the biggest rare earth announcement in the last 10 or 15 years in the United States, as it represents not just the reopening of old mines but the introduction of a new, large-scale source of critical materials from Africa, Brazil, and Australia.”

The acquisition is expected to be highly accretive to Energy Fuels’ shareholders, significantly enhancing the company’s asset value per share and unlocking substantial potential upside through increased production capacities and cost efficiencies. Notably, the Toliara project is set to provide a sustainable, low-cost source of uranium, complementing Energy Fuels’ already leading position in the U.S. uranium sector.

In summary, this acquisition not only secures a world-class mineral project at an attractive price but also strategically positions Energy Fuels at the forefront of the global critical minerals industry, ready to meet increasing demand with a robust and diversified production base. The integration of Toliara’s resources and expertise from Base Resources promises to enhance Energy Fuels’ capabilities across the board, ensuring long-term growth and profitability in the evolving energy and technology landscapes.

In a recent interview with Tracy Weslosky from InvestorNews, Terry Lynch, CEO of Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF), detailed the company’s latest achievements and future prospects concerning their drilling activities and discoveries announced earlier this week. Lynch proudly announced the recent drill results from their project, describing the findings as “exciting” with significant copper, gold, and PGM (platinum group metals) yields, marking a continuation from a discovery almost a year prior. He emphasized the impressive consistency of the results, stating, “we drilled 15 holes and 14 of the 15 (drilling holes) hit — an amazing track record.” Remarking that the high-grade and near-surface nature of the findings, which he believes indicates a “major discovery” at the newly named Lion Zone, previously known as Wildcat Zone.

During the discussion, Lynch also highlighted the economic significance of the recent discoveries, explaining the potential for substantial profitability due to the high-value of the extracted materials. He noted, “A million-ounce deposit would be considered a good deposit…So this rock is going to be ranged between $1000 and $2000…more valuable.” Such figures suggest a profound impact on the company’s market value and operational direction. He pointed out the strategic advantage of the location, being near surface and close to infrastructure in a safe jurisdiction, making it ideal for mining operations. Lynch also touched on broader aspects of Power Nickel’s strategy, including their approach to making geoscience accessible and understandable for investors, highlighting the need to contextualize their findings beyond the technical details to showcase their broader significance.

To access the complete interview, click here

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV). Subsequently, Power Nickel has exercised its option to acquire 50% of the Nisk Project and delivered notice to Critical Elements that it intends to exercise its second option to bring its ownership to 80%. The last remaining commitment to exercise the option was the delivery of a NI-43-101 Technical report which has now occurred. Power Nickel expects to complete the acquisition in February.

The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

In addition to the Nisk project, Power Nickel owns significant land packages in British Colombia and Chile. Power Nickel is expected to reorganize these assets in a related vehicle through a plan of arrangement.

Power Nickel announced on June 8, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee) and a portion of the past-producing Silverado mine, reportedly exploited between 1921 and 1939. These mineral showings are Polymetallic veins containing quantities of silver, lead, zinc, plus/minus gold, and plus/minus copper.

Power Nickel is also 100 percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

Welcome to the latest issue of the Technology Metals Report (TMR), brought to you by the Critical Minerals Institute (CMI). In this edition, we compile the most impactful stories shared by our CMI Directors over the past week, focusing on the significant shifts and investments in the critical minerals and technology metals industry. A notable development is the evolving dynamics of resource nationalism, particularly in Chile and Indonesia, where control over vital minerals like lithium and nickel is increasingly dominated by local governments. This shift challenges traditional Western dominance and marks a move towards a multipolar resource governance era. Adding to the market dynamics, Australia’s wealthiest, Gina Rinehart, has made aggressive moves into the critical minerals sector with her $120 million investment in Ecuador’s Linderos copper-gold project and significant stakes in rare earth companies, positioning her as a pivotal figure in global supply chains.

This week’s TMR Report also highlights several significant developments aimed at enhancing the supply chain and infrastructure of critical minerals. The U.S. Department of Energy has released a pioneering roadmap to integrate clean energy projects more rapidly into the nation’s electric grid, targeting a substantial reduction in project backlogs. In financial boosts, critical mineral projects in Queensland and South Australia have been pledged $585 million in government loans, emphasizing the growing commitment to fostering local industries and reducing dependency on international suppliers. Additionally, the closure of the Cobre Panamá copper mine has sparked a surge in copper prices, underlining the critical role of stable mineral supplies in maintaining economic stability and supporting green energy transitions. Each story is presented in chronological order to provide a comprehensive view of the week’s events, rather than by order of importance, ensuring readers receive a well-rounded perspective on the sector’s latest developments.

To become a CMI member and stay informed on these and other topics, click here

The Shifting Dynamics of Resource Nationalism as the Demand for Critical Minerals is Set to Soar: (April 18, 2024, Source) — As global demand for critical minerals like nickel, lithium, and rare earths surges, the dynamics of resource nationalism are evolving. Historically dominated by Western powers, control is shifting towards resource-rich countries asserting sovereignty over their natural assets. China’s longstanding monopoly on rare earths exemplifies this trend, leveraging resources for economic and strategic autonomy—a strategy now mirrored by Chile and Indonesia in their respective lithium and nickel sectors. Chile’s government, for instance, has moved to nationalize lithium extraction by partnering with SQM to form a national critical minerals company. Meanwhile, Indonesia mandates local processing for nickel, fostering a sustainable, self-sufficient industrial base. These strategic shifts are restructuring global supply chains, challenging traditional Western dominance and heralding a multipolar resource governance era. This realignment has profound implications for geopolitical dynamics and global power structures in resource management.

Billionaire Gina Rinehart Stakes Another Critical Minerals Claim: (April 18, 2024, Source) — Gina Rinehart, Australia’s richest person and head of Hancock Prospecting Pty Ltd., is diversifying her portfolio by targeting critical minerals, moving away from her traditional focus on iron ore. Her recent ventures include significant investments in South America and the rare earths market. Notably, she invested $120 million in Ecuador’s Linderos copper-gold project through a deal with Titan Minerals Ltd. (ASX: TTM), aiming for up to an 80% ownership. Additionally, she acquired a 49% stake in an Ecuadorian state-owned mining company. Rinehart also increased her influence in the rare earths sector by purchasing stakes in Lynas Rare Earths Ltd. (ASX: LYC) and MP Materials Corp. (NYSE: MP). Furthermore, she supported Arafura Rare Earths Limited (ASX: ARU) in Australia, which received a substantial government backing of A$840 million in grants and loans last month. Rinehart’s strategic investments mark her shift to a key player in the global market, enhancing supply chain security for technology and renewable energy resources.

DOE Releases First-Ever Roadmap to Accelerate Connecting More Clean Energy Projects to the Nation’s Electric Grid: (April 17, 2024, Source) — The U.S. Department of Energy (DOE) has unveiled a roadmap aimed at speeding up the integration of clean energy sources like solar, wind, and batteries into the national transmission grid, addressing the existing backlog of nearly 12,000 projects. This comprehensive guide, developed by DOE’s Interconnection Innovation e-Xchange (i2X), targets a variety of stakeholders, including transmission providers, state agencies, and equipment manufacturers. It proposes 35 solutions across four main areas: improving data access, enhancing the interconnection process, promoting economic efficiency, and ensuring grid reliability. The roadmap also sets forth ambitious goals for 2030 to facilitate the Biden-Harris Administration’s objective of achieving 100% clean electricity by 2035. These efforts are supported by DOE’s Grid Deployment Office and various funding opportunities aimed at fostering grid resilience and interconnection efficiency.

Critical minerals projects in central Queensland and South Australia to receive $585 million in government loans: (April 16, 2024, Source) —  Critical minerals projects in Queensland and South Australia are set to receive $585 million in federal government loans, marking a significant push by the Albanese government towards a “future made in Australia.” A major portion, $400 million, will fund Australia’s first high-purity alumina processing facility in Gladstone, central Queensland. This investment comes via the $4 billion Critical Minerals Facility, Northern Australia Infrastructure Facility, and Export Finance Australia. An additional $185 million is earmarked to accelerate Renascor Resources Limited’s (ASX: RNU) Siviour Graphite Project in South Australia. These projects aim to bolster the production of minerals essential for lithium-ion batteries and renewable technologies. This initiative aligns with national strategies to enhance renewable technology capabilities and drive economic growth through local job creation and sustainable industrial development.

A $10 billion Panamanian copper mine has been sitting idle since November – and it’s part of why the metal’s price is surging: (April 16, 2024, Source) — The Cobre Panamá mine, a major $10 billion copper-producing site, has been inactive since November, significantly contributing to the global copper shortage. This closure has led to an 11% increase in copper prices this year, reaching a peak not seen in over a year. Operated by Canada-based First Quantum Minerals Ltd. (TSX: FM), the mine previously supplied 1.5% of the world’s copper, enough to build five million electric vehicles annually. The shutdown resulted from a tax dispute with the Panamanian government, which sought more favorable terms. This has exacerbated a copper supply crisis, with the Bank of America declaring that the lack of new mining projects is now severely impacting refined copper production. This shortage coincides with increased demand for copper in green energy projects, further driving up prices.

SRC Expects to Produce 400 Tonnes of Rare Earth Metals Per Year Beginning in 2025: (April 15, 2024, Source) — The Saskatchewan Research Council (SRC) has entered into a five-year agreement with Vietnam’s Hung Thinh Group to import up to 3,000 tonnes of rare earth carbonate annually starting in June 2025. This will enable SRC’s Rare Earth Processing Facility in Saskatchewan to produce about 400 tonnes of rare earth metals per year. These metals are crucial for manufacturing modern technologies such as cellphones, electric vehicles, and green technologies. The deal, which stems from Saskatchewan’s diplomatic efforts in Vietnam, positions SRC as a pioneer in North America with a fully integrated commercial rare earth processing facility. The Saskatchewan Government’s $71 million investment in the facility aims to boost the local and national resource sectors by enhancing mid-stream supply chain capabilities. SRC, a major Canadian research entity, expects this initiative to catalyze industry investment and growth.

U.S. Department of State Minerals Security Partnership (MSP) Aims to Support Biden Policies on Critical Minerals: (April 15, 2024, Source) — The U.S. Department of State’s Minerals Security Partnership (MSP) was established to advance President Biden’s policies on critical minerals and enhance supply chain security. Led by Under Secretary Jose Fernandez, the MSP collaborates with various countries and the European Union to foster sustainable mineral supply chains, prioritizing environmental, social, and governance (ESG) standards. The partnership focuses on diversifying supply chains, boosting investments, promoting high ESG standards in mining, and increasing recycling. Companies involved must meet stringent ESG criteria, including responsible environmental practices and ethical community engagement. Despite challenges such as varying international ESG standards, the MSP remains dedicated to “greening” economic activities and addressing climate change through global cooperation.

Tesla supplier Piedmont Lithium gets key North Carolina mining permit: (April 15, 2024, Source) — Piedmont Lithium (Nasdaq: PLL | ASX: PLL), a supplier to Tesla, has secured a crucial mining permit from North Carolina regulators to develop a significant U.S. lithium source near Charlotte. Despite the permit’s conditional approval, requiring a $1 million reclamation bond, the company faces ongoing financial challenges and local regulatory hurdles. The project, which could be a major U.S. lithium producer, is opposed by local residents due to environmental concerns. Additionally, Piedmont must obtain local zoning approval and substantial funding, estimated over $1 billion, potentially through U.S. Department of Energy loans. The state has imposed stringent conditions, including regular environmental monitoring and a modified waste storage protocol. The project’s progress hinges on overcoming local opposition and securing necessary permits and funding.

Glencore-backed nickel miner fails to secure financing after rising costs: (April 15, 2024, Source) — Horizonte Minerals PLC (TSX: HZM | AIM: HZM), backed by Glencore PLC (LSE: GLEN), is facing financial difficulties with its Araguaia nickel mine project in Brazil due to a significant increase in estimated costs, now exceeding $1 billion, and concerns about market oversupply from Indonesia. As a result, the company is considering options such as selling the mine, liquidation, or securing subsidiary-level financing, though none are expected to benefit shareholders significantly. Following the news, the company’s shares plummeted by 84%. This setback reflects broader challenges for nickel projects outside Indonesia, given the country’s dominant market position. Horizonte’s struggles highlight investor reluctance to finance high-capital, early-stage projects amid unfavorable market conditions dominated by Indonesian supply, affecting not only Horizonte but also other nickel producers worldwide.

United States and United Kingdom Take Action to Reduce Russian Revenue from Metals: (April 12, 2024, Source) — The United States and the United Kingdom have jointly announced new prohibitions aimed at reducing Russia’s income from metal exports, specifically aluminum, copper, and nickel. The U.S. Department of the Treasury, in coordination with the UK, issued measures to prohibit the importation of these metals into the U.S. and restrict their use on global metal exchanges and in derivatives trading. These actions are intended to follow through on commitments made in the G7 Leaders’ Statement to cut off revenue streams that support Russia’s ongoing military activities in Ukraine. Treasury Secretary Janet L. Yellen emphasized that the measures are targeted to undermine Russian revenue while minimizing negative impacts on allies. UK Chancellor Jeremy Hunt highlighted the collaborative nature of these efforts, stressing their importance in impeding Russia’s war capabilities. As a result, major metal exchanges like the London Metal Exchange and Chicago Mercantile Exchange will no longer accept newly produced Russian metals from April 13, 2024.

Investor.News Critical Minerals Media Coverage:

• April 18, 2024 – The Shifting Dynamics of Resource Nationalism as the Demand for Critical Minerals is Set to Soar https://bit.ly/3W63V28
• April 18, 2024 – Billionaire Gina Rinehart Stakes Another Critical Minerals Claim https://bit.ly/3U2G0xU
• April 17, 2024 – InvestorNews.com Offers Real Time Access through the Revolutionary IR Mobile App, Now Offered Through Stock Marketing Inc. https://bit.ly/3TYrwPz
• April 16, 2024 – Tuan Tran Joins the Critical Minerals Institute (CMI) as the Newest Board Member https://bit.ly/49DlucM
• April 15, 2024 – U.S. Department of State Minerals Security Partnership (MSP) Aims to Support Biden Policies on Critical Minerals https://bit.ly/3Ji332z

Investor.News Critical Minerals Videos:

• April 19, 2024 – Terry Lynch on Power Nickel’s ‘New Crown Jewel Discovered on its NISK Project’ https://bit.ly/3JrQT7k
• April 17, 2024 – Critical Metals’ Russell Fryer on the Rising Tide for Copper and Cobalt in Africa https://bit.ly/4aFoWFa

Critical Minerals IN8.Pro Member News Releases:

• April 17, 2024 – Gary Stanley, Former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce, Joins the First Phosphate Advisory Board https://bit.ly/3UkxbAL
• April 17, 2024 – Successful completion of Institutional Placement to raise A$15M; Entitlement Offer to be undertaken https://bit.ly/3W2SKHl
• April 16, 2024 – Appia Files NI 43-101 Technical Report on Maiden Indicated and Inferred Mineral Resource Estimate for the PCH Ionic Adsorption Clay Project in Goias, Brazil https://bit.ly/3xAahwd
• April 16, 2024 – NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor https://bit.ly/3UikF4C
• April 16, 2024 – Fathom Intersects Rottenstone-Like Nickel Tenor in Drillhole AL24077 at the Albert Lake Project https://bit.ly/3JlIfY8
• April 16, 2024 – Appia Engages Generation IACP to Provide Market Making Services https://bit.ly/43XNEhv
• April 16, 2024 – F3 Intersects Radioactivity Across Multiple Zones https://bit.ly/442U0fv
• April 15, 2024 – Power Nickel Releases Initial Assay on New Crown Jewel Discovered on its NISK Project https://bit.ly/4bdvD1h

In the current global landscape, the management and control of critical minerals such as nickel, lithium, and rare earths are undergoing significant transformation. This transformation is driven not only by market forces but also by strategic national policies. Recent developments in the industry reflect a marked shift from traditional Western dominance towards a model where resource-rich countries are asserting greater control over their natural assets.

The Monopoly of Rare Earths and the Rise of Resource Nationalism

For years, we’ve observed China’s strategic maneuvering to solidify its dominance over the rare earth market. The nation holds the largest operational rare earth mines and processing systems globally. This monopoly has often been criticized as resource nationalism, but it reflects a broader strategy where nations leverage their natural resources for greater economic and strategic autonomy. This approach is evident not only in China but also in countries like Chile and Indonesia, which are now following suit in the lithium and nickel sectors, respectively.

The Case of Chile and SQM

Chile’s recent decision to deny a Chinese company’s participation in the restructuring of SQM—a major lithium producer—underscores a significant shift towards nationalizing resource extraction. The government’s move to partner SQM with Codelco, traditionally a copper giant, to form a national critical minerals company, is a bold step towards retaining more value within the country. This development is particularly crucial as Chile is the world’s second-largest lithium producer after Australia and accounts for 24% of the global lithium production as of 2023.

Indonesia and Nickel: A Strategic Pivot

Similarly, Indonesia, the world’s largest nickel producer, has introduced policies that require miners to add downstream value to their operations within the country. This strategy not only enhances the value retained by the local economy but also helps in building a more sustainable and self-sufficient industrial base. Recent production cuts and market dynamics have influenced major players like Glencore PLC (LSE: GLEN) to reconsider their investments. For instance, Glencore’s exit from the Koniambo nickel operation in New Caledonia after a substantial investment highlights the challenges companies face due to high operating costs and fluctuating market prices.

Global Implications and the Future Outlook

These national strategies are reshaping global supply chains and the distribution of economic benefits derived from natural resources. The traditional model where Western countries control resource extraction and processing is being challenged, leading to a more multipolar resource governance landscape.

Looking forward, the demand for these critical minerals is set to soar, driven by the growth in technologies such as electric vehicles and renewable energy systems. For example, Moody’s forecasts a significant jump in lithium demand, potentially increasing by 150% by the end of this decade and nearly quadrupling by 2050. However, the entry into new markets such as lithium by companies like Codelco will require substantial capital investment, which could affect their financial stability.

Concluding Thoughts

The evolution of resource nationalism and the strategic repositioning by resource-rich nations are not merely economic decisions but are pivotal to the geopolitical dynamics of the 21st century. As nations like Chile and Indonesia assert greater control over their resources, the global community must navigate this new reality where resource sovereignty becomes a cornerstone of national policy. This shift represents not just an economic transformation but a fundamental realignment of global power structures in the mineral resource sector.

Gina Rinehart, Australia’s wealthiest individual, has recently expanded her investment portfolio through several strategic acquisitions, focusing on the mining sector, specifically in critical minerals. As the Executive Chairman of Hancock Prospecting Pty Ltd., Rinehart has driven her company’s interest in global mining projects, leveraging opportunities in South America and rare earth elements to diversify away from traditional iron ore.

In a notable expansion into South America, Hancock Prospecting entered into a significant agreement with Titan Minerals Ltd. (ASX: TTM). The deal, announced on April 17, 2024, involves an investment of up to $120 million in drilling and exploration at the Linderos copper-gold project in Ecuador. Initially, Hancock will pay $2 million for a 5% stake in the project, with the potential to scale up to an 80% ownership as exploration progresses.

This move comes on the heels of another major acquisition in Ecuador where Hancock purchased a 49% stake in a state-owned mining company for $120 million in March 2024. This acquisition included six mining concessions in northern Ecuador, illustrating Rinehart’s aggressive approach to expanding her mining interests in regions with rich mineral reserves.

Moreover, Rinehart has significantly increased her stakes in the rare earths market, a strategic move reflecting global shifts in the supply chains for these critical minerals. Hancock Prospecting recently acquired a nearly 6% stake in Lynas Rare Earths Ltd. (ASX: LYC), a leading non-Chinese rare earths developer. This purchase was announced in mid-April 2024 and is part of a broader strategy to influence the rare earths market, which is crucial for modern technologies such as electric vehicles and wind turbines.

Additionally, Rinehart’s Hancock Prospecting bought a 5.3% stake in MP Materials Corp. (NYSE: MP), another significant player in the rare earths sector, based in the United States. This transaction was part of a series of acquisitions in the same week and followed the stalled merger discussions between Lynas and MP Materials in February 2024.

Rinehart’s investments are not confined to new projects; she has also been increasing her holdings in existing ventures. Notably, her firm supported the Arafura Rare Earths Limited‘s (ASX: ARU) project in Australia’s Northern Territory, which received a substantial government backing of A$840 million in grants and loans last month. This project is aligned with the Australian government’s initiative to boost national critical minerals supply.

Gina Rinehart’s recent activities underscore her transition from a dominant iron ore mogul to a pivotal figure in the critical minerals sector. Her actions are setting the stage for Australia and its allies to diminish their reliance on China, fostering a more diversified and secure global supply chain. With her extensive resources and strategic acumen, Rinehart is not just investing in minerals; she’s investing in the future stability and security of technology and renewable energy resources worldwide. As the world pivots towards a more sustainable and politically neutral resource base, Rinehart’s role will likely be viewed as both visionary and vital.

Toronto, Canada, April 17, 2024 — InvestorNews Inc., a leader in capital market digital media solutions and the Publisher for InvestorNews.com, proudly announces the launch of the InvestorNews.com IR Mobile App, created, developed, and distributed through Stock Marketing Inc. This new app is now available for both Android and Apple devices, providing seamless access to InvestorNews.com.

The InvestorNews.com audience is graciously encouraged to download the IR Mobile App at the following locations and offer comments:

Android: Download Here     |     Apple: Download Here

For over twenty years, InvestorNews Inc. has been at the forefront of delivering in-depth news on the public markets, recognized for its detailed analysis provided by expert analysts and seasoned journalists. As a continuous innovator, InvestorNews Inc. is dedicated to enhancing its offerings to meet the evolving needs of its audience.

InvestorNews Inc. understands that in addition to deploying their news effectively, Stock Marketing’s IR Mobile App will offer the companies that work with InvestorNews Inc. a way to offer investors direct and efficient access to up-to-date information about public companies’ performances, news releases, and strategic developments, right at their fingertips. This tool is designed to cultivate a closer connection and enhanced transparency between shareholders and the companies they invest in.

Scott Breard, CEO of Stock Marketing Inc., expressed his enthusiasm about the mobile app’s potential: “The IR Mobile App is a revolutionary step forward in investor relations, providing immediate access through just a single touch. It greatly enhances how companies and investors connect beyond conventional websites and social media.”

Tracy Weslosky, CEO of InvestorNews Inc., highlighted the significance of mobile platforms in today’s market: “The ascendancy of mobile devices has transformed how audiences engage with content. Mobile apps are now crucial in marketing to this rapidly growing segment. With nearly half of all web visits now coming from mobile devices, and a significant portion of social media consumption happening on these platforms, our new IR Mobile App is perfectly positioned to meet the demands of this mobile-dominant era.”

Stock Marketing Inc., with its specialized knowledge in digital marketing for publicly listed companies, has played a crucial role in the development of this app. Their services, which include website creation, social media management, and now innovative investor relations mobile applications, are tailored to meet the specific needs of today’s digital landscape. InvestorNews Inc. maintains an ongoing commitment to offering an independent source for capital market news.

InvestorNews Inc. operates the Investor.Coffee YouTube Channel and produces the InvestorTalk Event Series, alongside managing media platforms for the Critical Minerals Institute (CMI).

About InvestorNews Inc.

Celebrating over two decades in business, InvestorNews Inc. is proud to be the force behind InvestorNews.com – your independent source for capital market news. Renowned for our comprehensive coverage of the public markets by esteemed analysts and accomplished business journalists, InvestorNews is the Publisher of the highly regarded Investor.Coffee YouTube Channel and Podcast Producer, and the Production Manager behind the daily InvestorTalk Event Series that offers accessible Q&A to industry leaders and experts. In our continuous pursuit of excellence and innovation, we have become the media platform for the Critical Minerals Institute (CMI). The CMI orchestrates regular virtual events and the annual Critical Mineral Institute Summit Series to cultivate collaboration and specialized knowledge within the critical minerals market.

About Stock Marketing Inc.:

Stock Marketing Inc. specializes in digital marketing specifically crafted for publicly traded companies. They offer comprehensive services including website development, social media management, executive branding, and investor relations mobile apps.

Contact Information:

For more information about InvestorNews Inc. and its initiatives, please contact Tracy Weslosky at [email protected] or dial +1 416 792 8228.

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