Browsing: Rare elements

• Critical minerals are vital for the green energy transition.
• The DRC is the world’s largest miner of critical minerals.
• DRC appeals to US to mine critical minerals and help stop rebel insurgency.

Critical minerals are defining the green energy transition and the DRC is the world’s largest producer. Critical minerals copper, lithium, nickel, cobalt and others including rare earth elements, such as lanthanum and yttrium are vital for the green energy transition.

These minerals and metals are essential for emerging technologies powering electric vehicle motors, wind turbines, and mobile phones among other modern digital devices and machines.

“The country Democratic Republic of Congo (DRC) is currently the world’s largest supplier of cobalt which has defence and aerospace applications as well as being essential for batteries in electric vehicles,” states Cobalt Institute’s factsheet titled “Powering the Green Economy.”

The report points out that most of the critical minerals mined in …

• Montero Mining and Exploration Ltd has received the final $7M installment of a $27M settlement with Tanzania, resolving a long-standing dispute over the expropriation of its Wigu Hill rare earth project.
• While this payment marks the conclusion of the legal battle, Montero noted that final legal costs and expenses must still be determined before net proceeds can be confirmed.
• The company is now evaluating the distribution of funds and expects to provide an update on potential shareholder payments by Q2 2025.

Montero Mining and Exploration Ltd has confirmed receiving $7,000,000, being the final instalment in a US$27,000,000 settlement between the Company and Tanzania. Paid in cash, the final Instalment brings to an end the long standing dispute between the company and the East African country where it has mining operations.

Notably, the amount accounts for approximately 39 per cent of Montero’s initial $70 million claim in a legal battle that …