Rare Earths Market
Market Overview
Rare Earth Elements and Their Applications
Rare Earths Market
Global Rare Earth Market
Rare Earth Applications
Key Uses of Magnet Rare Earth Elements
01
Electric Mobility
NdFeB permanent magnets are used in certain electric-vehicle motors and related automotive applications.
02
Wind Energy
Permanent-magnet generators are used in certain wind-turbine configurations, including some direct-drive systems.
03
Robotics and Automation
Permanent magnets are used in certain motors, actuators and precision-motion systems used in robotics and industrial automation.
04
Data Infrastructure
Rare earth permanent magnets may be used in selected cooling, power-management, storage and electronic systems associated with data infrastructure.
Principal Application Areas
Magnet Rare Earth Elements
Selected Rare Earth Elements Used in Permanent Magnets
Neodymium
Neodymium is commonly used with iron and boron in NdFeB permanent magnets for motors, generators and other applications.
Praseodymium
Praseodymium may be combined with neodymium in permanent-magnet materials and other specialized applications.
Dysprosium
Dysprosium may be added to certain permanent magnets to support performance at elevated operating temperatures.
Terbium
Terbium is used in selected magnet, electronic, lighting and other specialized applications.
Man of War Rare Earths Project
Man of War Project — Technical Summary
1,350 Mt
Inferred Mineral Resource
3,437.41 ppm TREO at a 1,000 ppm cutoff
793.39 ppm
Average MREO Grade
At a 1,000 ppm TREO cutoff
372 Mt
Inferred Mineral Resource
5,123.58 ppm TREO at a 4,000 ppm cutoff
1,224.18 ppm
Average MREO Grade
At a 4,000 ppm TREO cutoff
The Man of War Project comprises four ANM mineral rights covering approximately 4,708.67 hectares in the São Gotardo and Matutina region of Minas Gerais, Brazil. The technical report recommends further drilling, resource updates, metallurgical testwork, environmental impact assessment and future economic studies.
Mineral Resources are classified as Inferred. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No Mineral Reserves have been defined, and there is no certainty that a mining operation will be realized.