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Prospech Ltd. ( (AU:PRS) ) has shared an announcement.
Prospech Ltd. has expanded its Jokikangas project in Finland, increasing its landholding to 10,617 hectares to focus on critical minerals like yttrium, niobium, and hafnium amid soaring European prices. This expansion positions Prospech as a key player in the EU’s efforts to establish new rare earth supply chains, especially as global shortages threaten industries such as aerospace and semiconductors. The company plans to initiate exploration activities, including Passive Seismic, base-of-till drilling, and test pitting, to identify promising drilling targets.
More about Prospech Ltd.
Prospech Ltd. operates in the mining industry, focusing on the exploration and development of critical minerals such as yttrium, niobium, hafnium, and heavy rare earth elements (HREEs). The company is strategically positioned in Finland, a top-tier mining jurisdiction, and aims to address global supply shortages exacerbated by export restrictions from major producers like China.
Average Trading Volume: 833,112
Technical Sentiment Signal: Sell
Current Market Cap: A$7.85M
See more insights into PRS stock on TipRanks’ Stock Analysis page.