Lomiko Metals announced the discovery of new rare earth element (REE) anomalies at the Yellow Fox Property in Newfoundland, based on analysis of 32 soil samples. The results indicate highly elevated levels of Dysprosium and Terbium, essential for high-performance magnets, with some samples showing ratios of Heavy Rare Earth Elements to Light Rare Earth Elements exceeding 1.25. The findings suggest a potential HREE-enriched system, enhancing the project's viability for future exploration and development.
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