Pioneer Minerals (ASX:PMM) has saddled up alongside U.S.-based Mineral Technologies USA (MTUSA) via a memorandum of understanding to combine heads on a pathway towards domestic tungsten production in the States.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Disclaimer: This content has been prepared as part of a partnership with Pioneer Minerals Ltd and is intended for informational purposes only.
Key to the assessment will be Pioneer’s ability to tap “primary ore and historic tailings” with a view towards producing scheelite concentrate – think tungsten feedstock – at the Springfield Critical Minerals (SCM) site in Idaho.
But tungsten isn’t the only thing Pioneer has its eyes on. The MOU will also task both players with assessing the likelihood of producing gallium alongside tungsten, which, all cards in order here, could add to the overall value prop of Pioneer’s activities at the SCM.
“Early engagement with Mineral Technologies provides Pioneer with access to established mineral processing expertise, supporting the Company’s objective of progressing toward potential domestic tungsten concentrate production capability in the United States,” PMM CEO Michael Beven said.
“The inclusion of work programs to assess recovery pathways for coincident gallium mineralisation presents a potential opportunity to enhance the project’s overall value and supports exposure to multiple critical minerals of strategic importance.”
Notably, the price of gallium has shot up +30% in the last three months alone.
PMM last traded at 17cps.
Join the discussion: See what HotCopper users are saying about Pioneer Minerals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.