New Rare Earth Realities/Miner Reactivates Mining PlansHere is a miner who is looking at moving its South African mining plans up given the rising rare earth prices and the world's fast changing geopolotical reality re. rare earths. This will enhance shareholder value that, I believe, is a fiduciary duty for companies. Doesn't Ucore have a hyper-rich HREE mine site in Southeast Alaska? Is the Ucore management unaware of this new reality that Galileo Resources sees???? Wait 7 or 8 years and don't bother with Bokan as the market probably will be saturated by more visionary companies that moved forward with their mining plans.
" () said that its 34%-owned Glenover rare earths project was “well placed to benefit” as prices of the minerals are boosted by the standoff between China and the US.....
After China, which accounts for more than 70% of global output of rare earth minerals and supplies about 80% of the USA’s rare earths, made thinly veiled threats that it could restrict exports, Galileo chief executive Colin Bird said the geopolitical calm around the supply of rare earths “has now evaporated and the spectre again of a rare earth deficit, particularly, the heavy rare earths, is again emerging”.......
https://www.proactiveinvestors.co.uk/companies/news/221947/galileo-resources-looks-to-move-glenover-project-forward-amid-china-rare-earth-tensions-221947.html