We are a technology and innovation Project that generates critical components for electromobility and clean energy with a sustainable view, implementing a low-cost own extraction process that recirculates the water and chemicals used.
The Project developed a process to extract and produce mixed Rare Earth Oxides (REO) competitive to top quartile producers from China. The process was already tested in an industrial scale pilot plant built at BioLantanidos (Penco, Chile).
To meet the growing demand, in 2011 the Chilean private equity fund Mineria Activa decided to create and invest in BioLantanidos to explore Rare Earth Elements (REE) around Chile.
After extensive exploration campaigns held by BioLantanidos, an important Ion Adsorption Clay deposit was discovered in the south of Chile. After two years of studying its ore resources and developing technical studies, the Project decided to go ahead with the development of an Environmental Impact Assessment (EIA) for a rich HREE mining and processing operation in an area situated in the Penco District, Concepcion, Biobio Region, at a distance of 500 [km] from the capital Santiago.
In 2019 the team completed a comprehensive Feasibility Study (FS) on the BioLantanidos Project, located in the southern Coastal Mountain Range of Chile. This study confirms the viability of the Project and positions BioLantanidos as one of the most valuable Heavy and Light Rare Earth Elements (HREE & LREE) supplier outside China.
In October 2019, BioLantanidos was acquired by Hochschild Mining with an initial investment of US $ 60 million. Hochschild is a company listed since 2006 on the London Stock Exchange, recognized as one of the leading producers of underground precious metals, primarily silver and high-grade gold, with more than 100 years of experience in the mining business.
For more information about the purchuse, please click here.