Discover and read the best of Twitter Threads about #Monazite
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1-A thread on $EFR $UUUU and #REE
The company is focusing on converting monazite to an oxidate concentrate that can be put through the separation process. This could lead to the company having a monopoly in the critical step of creating magnets.
Let me explain.
The company is focusing on converting monazite to an oxidate concentrate that can be put through the separation process. This could lead to the company having a monopoly in the critical step of creating magnets.
Let me explain.
2-#Monazite is a mineral highly rich in #REE, with a particular high concentration of those required to create magnets used in EVs, for example. This picture from Medallion Resources 2017 presentation gives you an idea of the #REEs that can be found. 
3-However #monazite contains thorium (2%-14%) and uranium (0.05%-0.3%) that must be removed before it can be sent to the separation plant. Enter $EFR $UUUU. In the US there is no facility licensed to do this except for White Mesa, not even $MP.
