China accounted for 70% of global mine production of rare earths in 2022.

The Las Vegas-based company posted a net loss for the period ended Sept. 30 of $4.3 million.

Natural Resources Canada announced projects eligible to apply for the new Critical Minerals Infrastructure Fund include clean energy and transportation projects that support critical minerals mines.

The company said its patented process converts coal and coal-related mining waste into high-quality, affordable carbon nanosheets — also known as graphene.

Mining companies in the West are facing two overarching challenges in trying to produce enough metals to enable the energy transition.

The Makuutu project is Uganda's first commercial rare earths project.

Sokli is the world’s largest carbonatite deposit and could produce 10% of the REE needed annually in Europe.

"There is a willingness to invest, especially in critical minerals," German Chancellor Olaf Scholz told reporters.