Pele Mountain has expanded the business model for its Eco
Ridge property in Elliot Lake, ON to include production of
rare earth elements by processing monazite recovered from
mineral sands mine tailings.
Pele intends to develop a rare earth and uranium
resource at Eco Ridge, but recent market conditions have
not supported advancement of the project. The company
believes recycling monazite will help facilitate the race to
production of critical rare earths and will ultimately
support the further development of Eco Ridge as market
conditions improve.
The very high grades of rare earths contained in
monazite can facilitate substantial production from
relatively low tonnage, allowing for sharply lower capital
and operating expenses than a large-scale mine. Rare
earths make up about 50% of the weight of monazite.