Report
Chris Thompson

Ionic Adsorption Clay Deposits Potential to Supply REE for the EV Industry

REPORT HIGHLIGHTS: (1.0) Rare Earths Industry Crucial for a Green Future (1.1) Rare Earth Elements (REE) play a crucial role in the ongoing energy and environmental transition, serving as critical raw materials in low-carbon technologies, such as permanent magnets in Electric Vehicles (EVs). (1.2) The transition to clean energy to address climate change requires an increased supply of specific minerals to meet the technology demands. Low-carbon technologies often depend on REE, which are recognized as “critical minerals” in Australia, Canada, the EU, and the US. (1.3) With a forecasted REE supply shortfall, new REE projects have emerged globally to help meet the growing demand. (1.4) Ionic Adsorption Clay (IAC) deposits are a prominent source of REE, with Asia leading REE production. New projects in Brazil, Africa, and Australia offer substantial resource potential. (2.0) Ionic Adsorption Clay Deposits (2.1) IAC-hosted REE deposits refer to a specific type of mineral deposit where REE are associated with clay minerals, particularly those with ionic adsorption characteristics. (2.2) The REE are adsorbed onto the surface of the clay minerals as hydrated ions and can be easily extracted by common leaching processes. (2.3) IAC deposits are shallow free digging material and are some of the most sustainable rare earth deposits, known for low CAPEX and OPEX, and are mined in bulk at lower grades. (2.4) IAC-hosted REE deposits are a significant source of current REE production and a focus of various mineral exploration companies. (3.0) IAC-Focused Companies in this Report (3.1) AC companies and projects mentioned in this report include Aclara (Carina), Alvo (Bluebush), Appia (Cachoeirinha), BBX (Ema and Apui), Meteoric (Caldeira), MSV (Serra Verde), Resouro Strategic Metals (Tiros), Si6 (Caldera) and Viridis (Colossus) in Brazil; Australian Rare Earths (Koppamurra) in Australia; Aclara (Penco) in Chile; and Ionic (Makuutu) in Uganda.
Underlyings
ACLARA RESOURCES INC.

APPIA ENERGY C/d

BBX Minerals

BBX Minerals Limited is a resource exploration and development company. The Company is engaged in exploration and development of mining assets in Brazil and South America. The Company's projects include Juma East, Ema and Tres Estados. The Company operates in two geographical areas: Australia and Brazil. The Juma East Project applications cover a total of approximately 38,443 hectares. The Ema Gold Project is located approximately 30 kilometers south of the Apui city. The Tres Estados Gold Project is located approximately 60 kilometers southeast of Apui. The Company has granted four exploration leases to Juma East Project, one exploration lease to Ema project and one exploration lease to Tres Estados project. The Company's subsidiaries include BBX Peru, BBX Lucanas, BBX Brazil, Minorte Extracao de Mineracao Ltda and Comin Gold.

Ionic Rare Earths Limited (ASX: IXR)

RESOURO GOLD INC.

Resouro Strategic Metals Inc. - German Listing

Resouro Strategic Metals Inc. - US Listing

Provider
eResearch Corporation
eResearch Corporation

eResearch Corporation, which was founded in 2000, is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. Our focus is on identifying companies that have interesting prospects, sound management, and significant potential for share price appreciation.

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Analysts
Chris Thompson

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