BBX Minerals Limited ( (AU:BCM) ) has shared an announcement.
Brazilian Critical Minerals Limited has received approval from the Amazonas state Environmental Protection Institute to use magnesium sulfate in its Ema field pilot trial. This approval marks a significant step forward in validating the company’s hydrogeological model and laboratory results, as well as gathering critical data for environmental permitting. The trial will assess the permeability and leachability of the clay profile hosting rare earths, providing insights into the extraction process. The company plans to produce a Mixed Rare Earth Carbonate from the trial’s residue, which will be tested for quality control and to advance offtake agreements with strategic partners. This development is crucial for BCM’s goal of creating a cost-effective rare earth project outside of Asia, potentially impacting its market positioning and stakeholder relationships.
More about BBX Minerals Limited
Brazilian Critical Minerals Limited (BCM) operates in the mining industry, focusing on the extraction and development of rare earth elements. The company is actively engaged in projects in Brazil, aiming to establish a low-cost and efficient rare earth extraction process outside of Asia.
Average Trading Volume: 931,299
Technical Sentiment Signal: Buy
Current Market Cap: A$9.57M
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