Thread by @hchris999

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.

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.

4-$MP whose valued at $1 Billion US, states in their presentation that they only see themselves in magnets in 2025 and beyond. Further, they are required to send their material to China due to the lack of a US separation plant at present.

5-A large source of #monazite in the US is Chemours $CC. There are deposits and stockpiles available for processing mainly in the southeast from what I understand.

An agreement with $CC can provide $EFR $UUUU the feedstock required at White Mesa.

6-After processing by $EFR $UUUU it then requires separation. As noted there are no separation plants in the US. Enter their arrangement with Constantine Karayannopoulos, now the CEO of $NEO.to, and their NPM Silmet facility in Estonia.

7-NPM Silmet OÜ is one of Europe's largest rare metal and rare earth metal manufacturers, as well as the only processor outside of China with such a wide range of high-purity products. For more info on $NEO.to I thought this write-up was very good.

hallgartenco.com/pdf/RareEarths…

8-This cycle of US monazite to White Mesa then to Silmet, and #REEs back to US customers would allow the US to quickly start making inroads into China's #REE dominance.

In such a role, where Whita Mesa is critical and would have a monopoly, what is the value of $EFR $UUUU?

9- $MP the largest US #REE miner is valued at $1 Billion US with sales of $32.1 million (excluding tarif refund) in their last quarter.

$EFR $UUUU would also have significant value due to #uranium and #vanadium. A market value of $1 Billion+ is possible. Thoughts anyone?