What's Happening?
Great Northern Minerals has entered an exclusive binding patent option agreement with the University of Arizona for advanced flotation technology applicable to rare earth ores. The technology, developed by the university's School of Mining Engineering
& Mineral Resources, aims to improve the recovery of rare earth elements from bastnaesite ores. The agreement allows Great Northern to negotiate for the licence, which is expected to enhance the company's Catalyst Ridge Project in California.
Why It's Important?
The acquisition of advanced flotation technology is significant for Great Northern Minerals as it seeks to enhance its rare earth element recovery processes. This development could lead to more efficient and cost-effective extraction methods, benefiting the company's operations and contributing to the broader rare earth industry. The collaboration with the University of Arizona highlights the importance of research and innovation in advancing mining technologies and addressing global demand for rare earth elements.
