Western Rare Earths Announced as Team Member at Critical Materials Institute in the United States; Partner of the R&D project funded by the DOE
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PHOENIX, January 11, 2022 (GLOBE NEWSWIRE) – American Rare Earths Limited (ASX: ARR, OTCQB: ARRNF), an exploration and technology company focused on developing its rare earth and scandium assets, is pleased to announce that its wholly-owned U.S. subsidiary, Western rare earths, was named a member of the highly regarded Critical Materials Institute’s team. The company’s assets could be one of the largest deposits of rare earths in the United States.
The Critical Materials Institute (CMI) is a multi-institutional and multidisciplinary consortium led by the Ames laboratory. CMI is an energy innovation hub of the US Department of Energy. Its focus is innovation to secure supply chains for materials essential to clean energy technologies with a particular focus on the rare earth supply chain for the United States. These critical materials are essential for U.S. competitiveness in clean energy, including wind turbines, solar panels, electric vehicles, and energy efficient lighting. The ministry’s “Critical Materials Strategy” said supply issues for five rare earth metals could affect the deployment of clean energy technology in the coming years.
The CMI is a public / private partnership, led by the Ames laboratory, which brings together the best and brightest research minds from universities, national laboratories and the private sector. The common goal is to find innovative technological solutions that will help avoid a supply shortage that would threaten the US clean energy industry as well as security interests.
Strategic goals for team members include opportunities to conduct R&D, the option of authorizing technology for deployment and contributing to CMI’s research programs.
Members of the CMI team have research subcontracts from CMI or provide cost-sharing funds. Requirements include deliverables of specific research projects in the entity’s areas of expertise, based on a scope of work and a negotiated budget, including cost sharing where applicable.
Western Rare Earths’ invitation to become a member of the CMI team is the result of being a cost-sharing co-applicant of a recently approved CMI R&D project which is expected to be announced in early 2022. The project includes d ‘other members of the CMI team, in the National Laboratory and Academic Categories, as Principal Investigators and Western Rare Earths providing raw materials, enriched rare earth mineralized ore and industry advice.
According to the CMI website, some of the team include:
- Industry: BorgWarner, Lixivia, Marshallton Research Laboratories, Rio Tinto, Solvay and Western Rare Earths
- Universities: Arizona State University, Colorado School of Mines, Idaho State University, Iowa State University, Pennsylvania State University, Purdue University, Rutgers, University of Arizona, University of Tennessee-Knoxville
- National laboratories: Ames Laboratory, Idaho NL, Lawrence Livermore NL and Oak Ridge NL
Disclaimer: American Rare Earths Limited, nor its affiliates, claim to be affiliated with or endorsed by any member of the CMI team. American Rare Earths Limited, nor its affiliates, have been endorsed or endorsed by any member of the CMI team.
About American Rare Earths LimitedAmerican Rare Earths Limited (ASX: ARR; OTCQB: ARRNF; FSE: 1BHA) is an Australian rare earth-focused exploration and technology company with its most advanced projects in the United States; which have the potential to be the largest deposits of rare earths in the United States.
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Source: American Rare Earths Limited