United Rare Earths inks deal with Australian company

TOP PHOTO: This handshake in December 2023 between Jeffrey Willis (left) with United Rare Earths and Caryville Mayor Bobby Stooksbury (right) signaled the beginning to a much anticipated business relationship. Caryville Alderman Josh Monday (center) is the linchpin for Caryville and Rare Earths.

CARYVILLE, TN (WLAF) – United Rare Earths, which broke ground at the Collins Industrial Park right before Christmas, has signed with an Australian natural resources company, Harena Resources, according to the publication Mining Weekly.

The agreement is a nonbinding indicative offtake term sheet with Campbell County-based United Rare Earths for the sale and purchase of mixed rare earth carbonate product, based on a recent Mining Weekly publication.

United Rare Earths chairperson Jeffrey Willis comments that the term sheet gives the company confidence that it will be able to access a ready supply of rare earth oxides that are essential to United’s long-term downstream strategy in the United States, according to the publication.

See the story HERE.

Jeffrey Willis, one of the founders and owners of United Rare Earths, addresses the large crowd at the December groundbreaking.

Mining Weekly covers the latest news and developments in the mining industry across the Americas, with a focus on gold, graphite, uranium, lithium and other commodities. (WLAF NEWS PUBLISHED – 05/24/2024-6AM)