I have ranked 15 REE deposits that are well-known in the space and/or subject to our reader’s comments. This rating is based on 6 criteria of evaluation (discussed below) and largely subjective in nature as there is no precise way to compare multiple REE projects in a definitive manner. As such, I have based my ranking on a comparison of deposit attributes, and on discussions with experts in the REE space. Please take this ranking as a guide that is subject to change based on a project’s internal developments.
The following 15 REE companies:
#1: Commerce Resources Corp.
#2: Peak Resources Ltd.
#3: Frontier Rare Earths Ltd.
#4: Rare Element Resources Ltd.
#5: Tasman Metals Ltd.
#6: Great Western Minerals Group Ltd.
#7: Greenland Minerals & Energy Ltd.
#8: Arafura Resources Ltd.
#9: Matamec Exploration Inc.
#10: Namibia Rare Earths Inc.
#11: Quest Rare Minerals Inc.
#12: Avalon Rare Metals Inc.
#13: Ucore Rare Metals Inc.
#14: Texas Rare Earth Resources Corp.
#15: Geomega Resources Inc.
A listing of these 15 projects and their ranking can be found in Table 1 (below) as well as a detailed project attribute listing in Table 2. The ranking of the 15 REE companies evaluated herein (Table 1 and Table 2) can be found in the full research report that is available as a PDF here.
Commerce Resources Corp.’s Ashram Deposit is at the top of my list due to its proven REE mineralogy and demonstrated mineral processing (>40% TREO mineral concentrate achieved), good grade, high tonnage, well-balanced REO distribution focused on the CREEs (critical rare earth elements), favourable economics, good jurisdiction, and a reasonable infrastructure development plan. I consider the Ashram Deposit to be the most balanced of any REE deposit in development, an overall quality I feel will be critical to the successful advancement of the project. Therefore, the Ashram Deposit receives the highest score of 27 points out of a possible total of 33.
However, before we begin our detailing of ‘The Criteria’, allow me to mention some macro fundamentals first.