Sign up USA
Proactive Investors - Run By Investors For Investors

Great Western Minerals hands in Department of Defense yttria study that highlights potential of Steenkampskraal

Great Western Minerals hands in Department of Defense yttria study that highlights potential of Steenkampskraal

Great Western Minerals Group (CVE:GWG) (OTCQX:GWMGF), a rare earth-based metal alloys manufacturer  that is developing its rare earth Steenkampskraal mine in South Africa, says it has delivered its high-purity yttrium oxide supply chain assessment report to the Department of Defense, which highlights the potential of the company's project. 

In close coordination with major defense contractors, the  company, according to its statement released late Thursday, found that military requirements from 2011 to 2015 for  high-purity yttria are 40 to 50 tonnes per year higher than previous Department of Defense life-cycle sustainment estimates, and that there are processing  gaps in the supply chain.

Yttrium oxide is used in a wide variety of ceramics and phosphors for  military systems including thermal barrier coatings for jet engines,  investment casting of titanium parts, night vision crystals and  high-temperature superconductors.

"In addition to the growing magnitude of military requirements, our  report concludes that newly-mined and recycled yttria in the United  States will be unable to meet this requirement until about 2019," said Great Western presient and CEO, Marc LeVier. 

"Considering the long-lived bottlenecks for raw yttrium production and yttria refining indicated by this work, the high-grade resource at Steenkampskraal once funded and producing is capable of delivering this critical material to military contractors."

Aside from the raw yttrium that Steenkampskraal will be able to produce, Great Western's alloys manufacturing units in the U.S. and U.K. also make specialty metal alloys that include nickel, cobalt, titanium, magnet, aluminum and yttrium. 

Great Western is looking to vertically integrate by restarting its Steenkampskraal mine in South Africa, which will eventually provide the downstream feed for its manufacturing units. It has the Less Common Metals unit in the U.K., as well as one in Troy, Michigan. 

The U.K.-based unit also recently completed the installation of its second strip casting furnace, which has increased production capacity by 700 tonnes to a total of 2,500 tonnes of metal alloys per year.



Register here to be notified of future GWG Company articles
View full GWG profile

Great Western Minerals Group Timeline

Related Articles

Drilling. The Grid 5 target is believed to host the western continuation of the C10 and C10 South conductors being explored by Cameco nearby on the Fox Lake deposit trend
May 31 2016
"The fault zones are characterised by localised sandy-clay gouge, broken core, fracture controlled clay, weak sooty pyrite and moderate to locally strong quartz dissolution," said company president, Peter Dasler.
uranium.jpg
March 07 2016
A series of quick-fire investor updates predict an upturn in operations through 2016, and unveil deals that could see a significant expansion should uranium prices recover.
picture of light bulbs with tungsten filaments
June 16 2016
Tungsten ammonium paratungstate (APT) prices have recently risen to US$210 per tonne
Copyright © Proactiveinvestors.com, 2016. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC