Lifton with Greg Andrews on Search Minerals’ rare earths pilot plant

“We have completed the $1.9 million pilot plant. We are just finishing off our optimization and what we are looking for is again to tweak those capital costs and get the operating cost down. Our next step then will be to build a demonstration plant and we are hoping to initiate that and we are looking at doing about a 1/100 scale of that. The key thing there again is to be able to deliver more products for the refineries to go further down and get into those offtake discussions that are quite needed now. Our quantities on a 1000 tons per day will about 3200 tons of mixed rare earths (per year). It is mixed rare earths concentrate right now but we can change that to be the chlorides or whatever we need in our process to suit the market.” States Greg Andrews, President, CEO and Director of Search Minerals Inc. (TSXV: SMY), in an interview with InvestorIntel’s Jack Lifton.

Greg went on to say that Search Minerals has neodymium, praseodymium and a mix of dysprosium and terbium in its resource. The company will be able to produce 650 tons of neodymium-praseodymium, about 50 tons of dysprosium and 10 tons of terbium. Greg said that Search Minerals enjoys strong support from the provincial and federal government and has received funding from both for its pilot plant.

Search Mineral participated in the request for information to the US in July and the company qualifies to be considered a domestic rare earths supply source for the US. Greg also provided an update on Search Minerals’ Direct Extraction technology. The scalable technology eliminates the grinding and wet flotation stages which help to significantly reduces CAPEX and operational costs.

To access the complete interview, click here

Disclaimer: Search Minerals Inc. is an advertorial member of InvestorIntel Corp.

Disclaimer: The author of this Investor.News post, which is published by InvestorNews Inc., may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content on Investor.News, and InvestorNews Inc. does not accept opt-in payments from advertisers. While InvestorNews Inc. provides digital media services like video interviews and podcasts to advertisers, not all are paid promotions. Any sponsored video interview will be clearly marked in the summary. The author of this piece is not a licensed investment advisor and makes no recommendations to buy, sell, or hold any securities. If the author holds an investment advisor license, this will be stated in their biography. Conduct your own due diligence by reviewing public documents of any company. For our full legal notices and disclaimers, click here click here.

Leave a Reply

Your email address will not be published. Required fields are marked *