PRESS RELEASE: Hochschild acquires the BioLantanidos Ionic Clay Rare Earth deposit in Chile

USS students visit BioLantanidos Pilot Plant | Source: BioLantanidos
University students visit BioLantanidos Pilot Plant
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PRESS RELEASE: Hochschild acquires the BioLantanidos Ionic Clay Rare Earth deposit in Chile

BioLantanidos Pilot Plant
Hochschild Mining PLC (“Hochschild” or “the Company”) is pleased to announce it has acquired the BioLantanidos ionic clay rare earth deposit in Chile. The acquisition represents an opportunity for Hochschild to enter into a unique rare earth deposit whilst maintaining its focus on its core precious metal strategy. Although the amount invested represents a small percentage of Hochschild’s current precious metal revenue and market capitalisation, it provides significant optionality in a market expected to grow exponentially. Rare earths are essential in several technological components with increasing global demand and some are critical in the manufacturing of permanent magnets used in electric vehicles, wind turbines and drone motors amongst other things.
Key acquisitions highlights
  • Ion Adsorption Clay deposits are currently the lowest cost sources of rare earths in the world
  • Special concentration of high demand rare earths – Terbium, Dysprosium, Praseodymium and Neodymium
  • Simple and low cost to extract with no use of explosives
  • Environmentally friendly process to extract rare earths with no tailings dam
  • Low capex, modular processing facility allowing for staged growth
  • Geopolitically independent source with traceable and sustainable production
  • Significant exploration upside potential
  • Low risk and proven mining jurisdiction
  • Substantially de-risked post initial 6.2% investment in 2018