Mining

The project envisages an initial production capacity of up to 25,000 metric tons per year of battery-grade lithium.

Methane explosion in Polish mine leaves tragic toll and triggers rescue operations to protect lives and safety.

MP Materials shares rose 2.5% to $21.38, giving the company a market capitalization of about $3.5 billion.

The company has extracted more than 240,000 tons of lithium ore, ensuring sufficient supply for the start-up of its processing plant.

With an annual production set at 270,000 tonnes, the discovery in Yunna strengthens the mining sector in the large Asian country.

Based on these encouraging results, the Canadian miner plans to implement an inaugural drilling program in 2025, aiming to expand and better define the mineralized zones at McKenzie.

This discovery puts the company in a strategic position to challenge China’s dominance.

A unique uranium deposit in the Ordos Basin strengthens China’s energy strategy.

The company plans to deploy machinery from its existing fleet, minimizing initial costs.