Uganda’s Makuutu Rare Earth Project Nears First Production
First production at the Makuutu Rare Earth project in Uganda is scheduled for this March, following the commissioning of a technical facility and demonstration plant at the mine.
Developed by mining company Rwenzori Rare Metals Limited, construction took nine months to complete, signaling the completion of Phase 1 of the project.
Tim Harrison, Managing Director of Ionic Rare Earths – the parent firm of Rwenzori Rare Metals Limited – said the project “reaffirms our position as a strategic resource for near-term development and a secure, long-term supply of magnet and heavy rare earths for new supply chains to emerge.”
Rwenzori Rare Metals Limited is finalizing various processes at the facility to optimize grade control and material handling while working on the mine design and project financing processes.
The aim is to reduce the development time of rare earths from the project and meet the escalating demand for critical minerals from high-tech industries.
“This work is essential to validating our mine development plan and generating MREC samples for off-take discussions with potential partners over the next few months,” added Harrison
