RE:RE:RE:RE:RE:Bad news for GMA?Difficult to see anyone coming out in 2021 to challenge GMA as the first primary mover in N. America with actual pilot production in the REE recycle arena. Only Urban Mining (private in the US with DoD backing) is in the ballpark. Would UM contemplate a SPAC with the RE sector so hyped up in 2021?
Rest of N. American recycle related concerns are predominantly university basic research entities (or associated with); a long way from the pilot level. In the UK HyProMag (Mkango Res’) is moving towards recycle application associated with Bentley and the Uni of Birmingham.
GMA has the potential to be the moat RE recycler in N. America. Further, I am sure they are not relying on USA RE to be a major mover for them as this company will have enough financial and mine/processing barriers to overcome, before they even get to considering recycling/magnet making.
Therefore, it is good to see several car manufacturers with EV intentions interested in expanding and/or establishing end line manufacture in Canada. This could be a very important avenue for future GMA association re., feedstock and offtakes.
GLTA -
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