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Our Rare Earths

Not all rare earths are created equal

The magnet and heavy REOs found in the Makuutu basket are unique: they include Neodymium (Ny), Dysprosium (Dy), Praseodymium (Pr) and Terbium (Tb). Additionally, Makuutu is one of the largest Scandium resources in the world.

Without these critical rare earth elements, the world will not be able to achieve net-zero carbon ambitions.

The Makuutu Project is receiving global interest, and is described as one of the largest Ionic Adsorption Clay (IAC) deposits in the world, becoming a long-life producer of strategic elements which will support global policies focused on establishing alternative, sustainable rare earths supply chains.

These magnet and heavy REOs are required for:

  • Use in high end applications – Electric Vehicles (EVs), offshore wind turbines and defence programs
  • Scandium will unlock new industries and blue-sky opportunities in the
    lightweighting transportation solutions across automotive, aerospace, space, marine and rail
  • Geo-political security requires countries to secure sustainable supplies for
    industrial development of new technologies (specifically manufacturing
    and defence).

The Makuutu Project’s long-term strategic importance and value is set to increase as demand dramatically exceeds supply to support EV and offshore wind thematics, along with geopolitical tensions. Today, in excess of 95% of the worlds current supply of heavy REOs is sourced from southern China and Myanmar, and Makuutu represents a viable alternative for western markets to satiate supply demand.

The Makuutu Rare Earths Project will become a long-life mine for 50 years and beyond as exploration continues across all six tenements. This Project will support the economic growth and development of Uganda’s economy, and has been given Flagship Project status in Uganda.

Rare Earth Elements

21

Sc

44.955908

Scandium

39

Y

88.90584

YTTRIUM

57

La

138.90547

LANTHANUM

58

Ce

140.116

CERIUM

59

Pr

140.90766

PRASEODYMIUM

60

Nd

144.242

NEODYMIUM

61

Pm

145

PROMETHIUM

62

Sm

150.36

SAMARIUM

63

Eu

151.964

EUROPIUM

64

Gd

157.25

GADOLINIUM

65

Tb

158.92535

TERBIUM

66

Dy

162.500

DYSPROSIUM

67

Ho

164.93033

HOLMIUM

68

Er

167.259

ERBIUM

69

Tm

168.93422

THULIUM

70

Yb

173.054

YTTERBIUM

71

Lu

174.9668

LUTETIUM

Light Rare Earth Elements
Heavy Rare Earth Elements
Critical Rare Earth Elements

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