The project is being developed to provide a sustainable supply of heavy rare earths to Japan.
This project represents an opportunity for Tanzania to play a global role in the supply of strategically important rare earth elements.
Tanzania, once pinned as a destination of choice for juniors far and wide, took a turn for the worse when legislation changes some years back and a heavy dispute with Acacia over tax claims saw investors turn their attention to other jurisdictions.
The new report indicates a1 400% increase in tonnage and a six-fold increase in contained dysprosium and terbium oxide.
Makuutu is amongst the world’s largest IAC deposits, and is global strategic resource for long term security of critical and HREO supply.
With incredibly strong global demand for non-Chinese rare earths, we are ideally placed to supply these critical commodities.
Montero has initiated arbitration proceedings in accordance with the Bilateral Investment Treaty between Canada and Tanzania.
Namibia Critical Metals has announced a 650% increase in mineral resources at its Lofdal project