The grant will cover 15 to 20 per cent of the expected construction costs of $135 million. This is the first such award under the Just Transition fund given to any critical materials company in the European Union, the company said.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Rare earths are a group of 17 naturally occurring metallic elements often found together in the Earth’s crust. The demand for them, specifically neodymium, praseodymium and smaller levels of dysprosium and terbium, has increased in recent years as they are needed to manufacture EVs and wind turbines.Article content