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Full interview: Hexagon Resources enters joint venture with US-based rare earths processing company

Hexagon Resources Limited (ASX:HXG) managing director Mike Rosenstreich updates Proactive on the company entering an exciting joint venture with US-based rare earths processing business American Innovation Metals Inc (IMC).

The focus of the agreement will be IMC’s RAPID-SX technology which facilitates more efficient production of rare earth elements for the benefit of current and future rare-earth producers. 

This will be particularly beneficial for US, European, Japanese and Korean markets as it will mitigate the extreme concentration of rare-earth supply in China.

RapidSX technology is a proven and de-risked solvent-extraction approach, ready to be commercialised, and represents an exciting energy-materials business opportunity for Hexagon.

Quick facts: Hexagon Energy Materials Ltd

Price: 0.062 AUD

Market: ASX
Market Cap: $18.13 m

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Hexagon Energy Materials: Takeover of partner is 'strong signal of support'...

Hexagon Energy Materials Limited (ASX:HXG) managing director Mike Rosenstreich discusses with Proactive's Andrew Scott the takeover of its partner IMC and how they're set to benefit from the option to acquire 49% of their RapidSX technology. RapidSX is a unique accelerated form of solvent...

on 1/5/20

2 min read