Meteoric Resources and MTM Critical Metals have entered into a partnership to develop an innovative rare earth separation technology.
This collaboration represents an important step forward for mining in Brazil, especially at the Caldeira project in Minas Gerais.
Boiler project grows with new rare earth technology
The Caldeira project stands out as one of the largest rare earth deposits in the country. Meteoric recently revised its estimates to 1.1 billion tons of resources, a 50% increase on the previous calculation.
This growth motivates the search for more efficient methods to extract and separate valuable minerals.
MTM Critical Metals brought its FJH technology to the partnership. After the proof of concept, the technology showed high efficiency in concentrating magnetic materials.
This stage is fundamental for improving the quality of the final product and making the commercial use of the extracted rare earths viable.
Main benefits of the new technology
- Significant increase in the concentration of magnetic materials.
- Reduced operating costs with simpler and faster processes.
- Better use of available mineral resources.
- Reduced environmental impact, with less waste generated.
- Potential to meet the growing global demand for rare earths.
The importance of rare earths for the technology industry
Rare earths are gaining prominence on the world stage due to their strategic role in various sectors, such as electronics, renewable energies and defense.
These minerals form part of essential components in smartphones, electric vehicles, wind turbines and much more.
Given this scenario, Brazil is positioning itself as an important player, with large deposits such as Caldeira.
The partnership between Meteoric and MTM reinforces the commitment to exploit these resources efficiently and sustainably.
What makes this separation innovative?
The innovation of MTM’s FJH technology lies in its ability to separate the magnetic minerals of interest with greater precision, increasing the purity and value of the concentrate produced.
Unlike traditional methods, this process reduces steps and improves recovery, speeding up production.
In addition, the technology facilitates on-site processing, reducing the need for transportation to distant plants. This brings significant economic and environmental gains.
Next steps for the project
Meteoric and MTM plan to expand pilot-scale tests to confirm the technology’s commercial viability.
The aim is to incorporate the method into the Caldeira project’s operational flow as soon as possible, optimizing costs and increasing production.
Ultimately, the success of this partnership could transform the landscape of rare earth mining in Brazil.
Local companies become more competitive on the international market, attracting investment and boosting the regional economy.
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