Royalty Management Holding Corporation and NeoRe, SpA have announced a strategic partnership to develop the La Marigen Project in Chile, a rare earth mining initiative targeting heavy rare earth elements essential for modern technologies. Located 50 miles north of Concepciòn, the project covers over 56,300 acres and includes five license areas rich in ionic adsorption clay deposits containing valuable elements such as Terbium, Dysprosium, Praseodymint, and Neodymium.
The collaboration leverages NeoRe's three years of surface exploration and testing in the region, alongside a partnership with ReElement Technologies Corporation for localized processing and refining. This approach aims to enhance the project's commercial viability and contribute to the diversification of global rare earth supply chains, currently dominated by China. The International Energy Agency projects a three to sevenfold increase in rare earth element demand by 2040, with the market expected to grow from $6.2 billion in 2024 to $16.1 billion by 2034.
Thomas Sauve, CEO of Royalty Management, emphasized the strategic value of the La Marigen Project, particularly its abundance of heavy rare earth minerals like Terbium and Dysprosium, which are scarce in many deposits. These elements are critical for renewable energy infrastructure, electric vehicles, wind turbines, consumer electronics, medical equipment, and defense technologies. The partnership underscores the growing importance of securing sustainable and geographically diverse sources of rare earth elements to meet the demands of a rapidly evolving global economy.
For more information on the La Marigen Project, visit https://www.royaltymanagement.com and https://www.neore.com.
