3 Rare Earths Companies Up Over 40 Percent Year-to-Date
Like the rest of the commodities market, the rare earths sector is definitely less exciting now than it was a few years ago. However, that isn't to say that rare earths miners have gone away completely. In fact, some have even seen share price rises in 2014.
Like the rest of the commodities market, the rare earths sector is definitely less exciting now than it was a few years ago. Indeed, the share prices of some of the more well-known rare earths producers — Molycorp (NYSE:MCP) and Lynas (ASX:LYC), for instance — haven't fared so well. However, that isn't to say that rare earths miners have gone away completely. In fact, some have even seen share price rises in 2014. Here's a look at three rare earths companies with share prices that have grown by at least 40 percent this year. GéoMégA Resources (TSXV:GMA) So far this year, GéoMégA has gained 55 percent and is currently trading at $0.155. The exploration and development company holds a 100-percent interest in the Montviel rare earths and niobium project in Quebec, and is also working with partners to develop a physical separation process for the production of rare earths. At the beginning of the year, GéoMégA reported results from a phase 3 drilling program at Montviel, noting the intersection of a heavy rare earths zone containing dysprosium and neodymium oxide. The zone was defined over 350 meters by 20 meters by 230 meters and remains open at depth. In May, the company received conclusive benchmark results confirming the viability of its process for the physical separation of rare earths from commercial mixed concentrate. GéoMégA also reported a gold discovery at its Anik property this summer, and commenced a 3,000-meter drill campaign at the project on November 11. Namibia Rare Earths (TSX:NRE) As its name suggests, Namibia Rare Earths is focused on its wholly owned Lofdal rare earths project in Namibia. The permit area covers 573 square kilometers, and to date the company has completed over 14,000 meters of drilling within a 50-square-kilometer portion of the Lofdal carbonatite complex at the property.