MONGOLIAN NATIONAL RARE EARTH CORP LLC

Mongolian National Rare Earth Corp LLC (MNREC) owns all mining licenses of the Khalzan Buregtei (KB) rare earth project. KB is a mineral deposit in western Mongolia that contains a group of elements known as rare earth elements (REE) and is notable for its extremely rich dysprosium.

MNREC is incorporated under the laws of Mongolia in 2010 and has been developing KB project for more than decades and invested a total of $20 million in the project. With the main long-term goal to become a strategic non-China-based supplier of the critical HREE, Dy and Nd, MNREC is a well-established mining and technology company.

Dysprosium (Dy) and terbium (Tb), which are HREE, and neodymium (Nd) and praseodymium (Pr), which are light rare earth elements (LREE), have magnetic attributes and are critical components in the production of high-performance permanent magnets.

OUR VISION

Become a strategic non-China-based supplier of the critical HREE, Dy and Nd and promote energy efficient, sustainable development of the World.

Leadership

Mongolian National Rare Earth Corp LLC (MNREC) owns all of the mineral concessions that cover the Khalzan Buregtei Project. MNREC is owned by TDB Capital Singapore Pte Ltd (“TDB Capital”), a Singapore-based investment firm that holds various investments in Mongolia and overseas. TDB Capital has assembled a team of international experts to assist its own dedicated staff to advance the project

MNREC’s goal is to make Khalzan Buregtei a major, global, long-term supplier of the rare earths needed for the permanent magnets that are critical for the Green Revolution’s renewable energy technologies, electric cars and smartphones. The project’s Preliminary Economic Assessment, completed in 2021, confirms that Khalzan Buregtei is rich in Nd and Pr, the two LREEs necessary for high-quality permanent magnets, and in Dy and Tb, the two HREEs necessary for permanent magnets that can operate in high temperature environments like car motors and jet engines. These four metals account for 77% of the REE basket value of Khalzan Buregtei’s ore. We aim to produce a concentrate with a total REE grade approaching 10%, and to refine and extract the key rare earths at a separation plant that feeds the supply chain outside of China.

The project’s Prefeasibility Study is now underway, coordinated by Wood plc, with Sherritt Technologies assessing processing options, and RPM Global establishing the mineral reserves that feed a decades-long production plan. RedDot3D has provided technical oversight for Khalzan Buregtei since it was first drilled in 2012-2013 and continues to serve as an advisor to MNREC.