The neodymium metal goes into magnet, and the magnet goes into motors — that’s the main driver of this entire sector. If we go about what GeoMegA is today, then we have a rare-earth processing technology developed by our private subsidiary INNORD and we also have Montviel, which is a 43-101 large resource of a carbonatite-bastnasite. It is the largest in Canada.
https://ressourcesgeomega.ca/wp-content/uploads/2019/12/2019-12-31-KTR-Montviel.mp4
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Learn about Bastnäsite,
Rare earth industry in China
The rare earth industry in China is a large industry that is important to Chinese internal economics. Rare earths are a group of elements on the periodic table with similar properties. Rare earth metals are used to manufacture everything from electric or hybrid vehicles, wind turbines, consumer electronics and other clean energy technologies.
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Quick Summary of our model, KIRIL MUGERMAN 2019-11