The Gulf state has revised upwards estimates for its untapped mineral resources to $2.5 trillion.

MOU is a further step in the direction to be part of the Western world's REE supply chain, says CEO.

About 10% of the increase in estimate comes from the addition of rare earths minerals.

Donald project is expected to be a new, long-term source of several critical minerals key to the clean energy transition, including REE's, titanium, zircon, and uranium, the company said.

The license clears the way for mining at the Makuutu project and marks the first large-scale mining license to be awarded in the country.

South America-focused rare earth developer CEO discusses its Penco Module project in Chile.