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Energy & Critical Metals

Imperial Mining files positive PEA for Crater Lake, Quebec

Imperial Mining Group Ltd. [IPG-TSXV; IMPNF-OTCQB] reports that it has filed a technical report detailing…

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This article was originally published by Resource World

Imperial Mining Group Ltd. [IPG-TSXV; IMPNF-OTCQB] reports that it has filed a technical report detailing the Preliminary Economic Assessment of the 100%-owned Crater Lake Scandium-Rare Earth Project east of Schefferville, Quebec.

The technical report was independently prepared for Imperial Mining Group Ltd. by WSP Canada, the highlights of which are: gross metal revenue of the minerals produced from the operation total $15.2 billion over the life of the operation and gross earnings after-tax of $6.25 billion. The project has a pre-tax net present value (NPV) of $2.97 billion and an after-tax NPV of $1.72 billion (10% discount rate). The Pre-tax internal rate of return (IRR) is 42.9% and an after-tax IRR of 32.8%.

Annual Net revenues average $608.0 million from the sale of high-purity scandium oxide (Sc2O3), scandium-aluminum Master alloy (ScAl) and rare earth element (REE) hydroxide concentrate. The pre-tax capital payback is 2.5 years from the start of production.

Total mined metal production over a minimum 25-year mining life based on the present resource base is expected to be 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate. The prices and market segments were based on estimates from comprehensive market studies by Ernst Young for scandium and by Roskill Information Services for rare earths.

rare earths

imperial mining group ltd

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Eye on Lithium: Battery production is set to pass 1TWh. We need 300TWh all up to be ‘fully sustainable’, Elon Musk says

Global battery production is on track to pass 1TWh in 2023 Zenith Minerals identifies a new lithium geochemical target at … Read More
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Energy & Critical Metals

Seymour Hersh Reports US Blew Up Nord Stream Pipelines; White House Denies Report

Famed journalist Seymour Hersh has published a new substack report that suggests the United States sabotaged the Nord Stream pipelines
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Energy & Critical Metals

The Case of Adani versus Hindenburg

Between 2019 and 2022, the fortune of India’s Gautam Adani swelled from $9 billion to $127 billion. As the value of his seven publicly traded companies—providers…

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