USA Rare Earth (USAR) has commissioned its hydro-metallurgical demonstration facility in Wheat Ridge, Colorado, the company said Monday.
Production of separated oxides is expected in Q3, the company said.
The oxide production is expected to be supplied from a number of sources, and the resulting oxides are planned to feed the company's Less Common Metals subsidiary, the company said.
Shares of the company were up 5.9% in recent premarket trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments