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NoneTwo B.C. critical mineral recycling technology companies announced plans today to build a plant in Texas that would produce magnet metals from e-waste. The American company, HyProMag, has completed a feasibility study for the construction of a US$125 million magnet recycling plant in Dallas Fort Worth, Texas. HyProMag has been commercializing a process for recycling magnets -- Hydrogen Processing of Magnet Scrap (HPMS) -- developed by the University of Birmingham Magnetic Materials Group. HyProMag is owned by Maginito Ltd . – subsidiary of two B.C. headquartered companies, CoTec Holdings Corp. (TSX-V:CTH, OTCQB:CTHCF) and Mkango Resources Ltd. (TSX-V:MKA, AIM:MKA). In a feasibility study released today, CoTec revealed plans for a recycling plant in Texas that would produce “permanent magnets” from e-waste – mainly from hard drive discs from computers. Recycling critical minerals, including rare earths and magnet metals, is becoming a security issue for the U.S., Europe and other Western countries and allied nations. “The Chinese have been taking steps recently to restrict various strategic materials,” CoTec CEO Julian Treger told BIV News. “Most recently the Russians have done something on uranium. And it’s just a matter of time before there are further restrictions on rare earths magnets. And they are crucial not only for strategic purposes such as night goggles and ballistic missile guidance systems, but also for drones, robots and super necessary in the hard drives that power AI. So, sooner or later, the ability to generate a domestic recycled supply of these materials is going to be very, very valuable.” The proposed Texas plant would produce 750 metric tonnes annually of recycled neodymium iron boron (NdFeB) – otherwise known as permanent magnets -- over a 40 year operating life, according to the feasibility study. Given the national security concerns over securing domestic supplies of critical minerals and materials, the companies will be looking for grants from the American government to help build the plant Treger said. “We’re also going button down the feedstock supply, and we’re engaging with a number of people in the U.S. industry who can supply us with the waste that we need. And then there are a number of people who want to be customers. All of that needs to be buttoned down before we move to the financing phase. Obviously that will depend on how successful we are in obtaining grants.” CoTec is focused on identifying and acquiring mineral recovery technology. CoTec’s senior management includes former executives and engineers from major mining companies like Rio Tinto and Anglo Pacific Group Plc, and its board of directors includes Bob Harward -- a retired U.S. Navy Vice Admiral and former Deputy Commander of the United States Central Command. “We, as CoTec, have looked at 400 technologies,” Treger said. “We’ve invested in six, so far. We are very picky about things that are really category killers and really move the needle and are disruptive.” “It’s an attempt to invent the 21 st Century responsible commodity extraction business – super green, very low carbon, low cost – and finally deploying the disruptive technologies which are out there (but) which the major mining companies haven’t done so far because of inertia,” Treger said. Making permanent magnets from neodymium, iron and boron is a complex, painstaking process, Treger said. The HyProMag process extracts the NdFeB from spent magnets, rendering them into a powder and then uses a process for reconstituting the magnets in what Teger describes as a “short-looped process.” “We don’t process the individual elements – we just recycle the mix,” Treger said. “It’s a way for the West to basically use its embedded, vast historic supply of magnets in a really strategic way to be much more self-sufficient, which is why it’s obviously of great interest to the U.S. and the Defence sector. “The short-looped process is a short-cut getting these things made and produced, whereas most other recycling opportunities I see are looking to recycle the individual elements of the rare earths, which is very, very difficult thing to do.” Other technologies the company has invested in include copper and iron extraction from copper and iron mine waste. One of the companies CoTec has invested in is Ceibo, which developed a copper recovery technology that Glencore recently announced it will be using at the Lomas Bayas copper mine in Chile. Treger said there is potential for a lot of copper and iron waste recovery in Canada. “We have a major interest in waste,” Treger said. “In Canada alone there are 10,000 closed mines, with waste associated with them, which have enormous liabilities. “We are looking at an iron ore recycling project in Quebec to see how we can scale this and work with the various provinces to minimize their rehabilitation coat and use the historic legacy of all this waste we have hanging around to supply the materials that the west is going to need.” [email protected] twitter.com/nbennett_biv
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SHENZHEN, China , Dec. 21, 2024 /PRNewswire/ -- As technology continues to evolve, consumer electronics have become essential to everyday life. Elephant Robotics, a high-tech company specializing in robotics design and production, is thrilled to announce its participation in the International Consumer Electronics Show (CES) 2025. This premier technology trade show will be held in Las Vegas , USA , from January 7-10 , where you can find Elephant Robotics at Booth 8963 in the LVCC North Hall. The myCobot Pro 630, a high-performance commercial collaborative robot, boasts a sleek integrated design and advanced capabilities. Equipped with a holographic device, it provides an immersive and dynamic experience for commercial displays and exhibitions, enabling multi-angle movement and captivating 3D visual effects. This robot offers a fresh approach to business marketing and displays with impressive flexibility and a wide range of applications. Additionally, the Mercury X1, a universal wheeled humanoid robot, features a mobile chassis with high-performance LiDAR and 19 DOF dual-arm robotic arms, delivering exceptional agility and intelligence. Mercury X1 can work seamlessly alongside humans to improve efficiency, reduce costs, and expand commercial opportunities in sectors such as service, hospitality, education, scientific and academic research, entertainment and smart home applications. Since its official launch in late 2023, Mercury X1 has received significant market attention, already delivering notable success in sectors like electronics, chips, and the 3C industry. Since its official launch in late 2023, the Mercury X1 has garnered significant market attention, achieving mass delivery just 7 months post-launch. This versatile wheeled humanoid robot is easily integrated into light industrial manufacturing, particularly in sectors such as electronics, and chips. There are some already successful applications include stripping adhesive sleeves from mobile phone components and assembling flexible connectors. By replacing manual labor, the Mercury X1 improves work efficiency and reduces costs. Designed to provide companionship and emotional support, these pets are equipped with lifelike features such as realistic fur, interactive movements, and engaging behaviors. These AI bionic companions understand human emotions and can respond to voice commands, offering a truly immersive and responsive interaction. Equipped with AI models, they understand human language and emotions, providing a "life-like" smart interaction experience. Particularly beneficial for children, seniors, and individuals with autism or Alzheimer's disease, these AI bionic companion robotic pets help reduce feelings of loneliness, alleviate anxiety, and promote mental well-being. In addition, their AI capabilities allow them to engage in dynamic, lifelike conversations, and even respond to emotional cues, fostering deeper connections with users. In family environments, these pets can serve as both educational and comforting companions, while in healthcare settings, they offer potential in emotional support and mental care. They represent a new frontier in human-robot interaction, where robotics not only enhance productivity but also improve emotional quality of life. Innovative Robotics Workshop: In this hands-on workshop, visitors will experience the power of graphical programming tools like myBlockly to control the 6 DOF collaborative robot arm, myCobot 280. By arranging code "blocks" in a fun and intuitive way, participants can easily bring their creative ideas to life. The workshop simplifies programming, allowing participants to enhance their practical skills and hands-on experience through direct interaction with various robotic products. This engaging environment encourages more people to explore the applications of robotic arms in everyday life. Share & Win: Visitors can participate by sharing posts on social media platforms (Facebook, X, LinkedIn) with the hashtag #ElephantRobotics to win a free, limited-edition panda doll keychain. It's an easy and fun way to engage with the brand while standing a chance to win a unique souvenir! Explore to Win - NVIDA and Partner Passport Program: As an official NVIDIA partner, Elephant Robotics is honored to be invited to participate in the Explore to Win event, part of the NVIDIA and Partner Passport Program at CES 2025. Visitors who scan the QR code at Elephant Robotics' booth (LVCC, North Hall - booth #8963) will be able to collect points and have a chance to win exciting prizes. CES 2025 is an unparalleled platform for showcasing cutting-edge technology and fostering idea exchange. Participation in CES 2025 allows Elephant Robotics to showcase its latest robotic innovations and emphasize its mission to integrate AI and robotics into everyday life. It also offers opportunities to explore collaborations with international organizations and companies, fostering loyalty and trust among its customers. Visitors are encouraged to visit the company's booth at LVCC North Hall - booth 8963 to experience their innovative robotics technologies firsthand and discover how these innovations can transform everyday's life. For more information, please visit: CES2025 - Elephant Robotics ; or connect with them on social media: X: https://twitter.com/CobotMy Facebook: https://www.facebook.com/mycobotcreator Linkedin: https://www.linkedin.com/company/elephantrobotics/ Youtube: https://www.youtube.com/c/elephantrobotics
Automotive Engineering Services Market: Expected USD 311.53B by 2031Undefeated Oregon and No. 23 Texas A&M will collide Tuesday afternoon in Las Vegas in the second game of the new Players Era Festival. Both teams are in the "Power" group of the eight-team event. All eight teams are receiving $1 million for their name, image and likeness (NIL) collectives, but placing fourth or higher in the tourney in order will net them anywhere from $1.1 million to $1.5 million. The Aggies (4-1) opened the season with a three-point loss at UCF, but since then have won four straight, all in convincing fashion. Texas A&M upset then-No. 21 Ohio State 78-64 on Nov. 15 at home in College Station, Texas. Then the Aggies crushed Southern 71-54 last Wednesday, when Wade Taylor IV led the way with 17 points and six assists. All of Texas A&M's wins have been by double digits. The Aggies and Ducks (5-0) have split the two previous meetings against each other. Until March 2022 in an NIT second-round game, they had not met since the 1970-71 season. Texas A&M tied the overall series with a 75-60 win at home in 2022. The only player on the Ducks' current roster who played in that game was 7-foot senior Nate Bittle, who has been one of Oregon's best players so far this season. Bittle's 16.2 points and 10.2 rebounds per game lead the Ducks so far this season, and the big man also averages two blocked shots per game. Texas A&M guard Zhuric Phelps, a transfer from SMU, leads the Aggies in scoring at 16 points per game. Taylor adds 14 points per game. The Aggies could be the best defensive team the Ducks will have seen this season. A&M is allowing teams to shoot only 36.6 percent in games. Head coach Buzz Williams and his staff are hoping the team gets better at taking charges on defense, as the Aggies have just one so far this season. "I guess the thing that you work on most is verticality around the rim," Texas A&M assistant coach Steve Roccaforte told KBTX television. "‘Hey, once you get there, if you try and take a charge, it's going to be a block. Just jump as high as you can, stay vertical, try to go chest-to-chest. Make it a hard shot.'" Oregon is coming off a 78-75 win at Oregon State, the Ducks' first road game of the season. The Ducks trailed by 10 points at halftime but, as they have in several games this season, they found a rhythm on offense in the second half and came up with a comeback win. Bittle's 23 points and 14 rebounds led the way. Jackson Shelstad had 15 points and Jadrian Tracey and Keeshawn Barthelemy both added 10. "We started rebounding the ball a little better. Nate really got it going inside and our guys got him the ball," Oregon head coach Dana Altman told the school's athletics website. "He had a heck of a game." --Field Level Media
US stock market indexes -- S&P 500, Dow Jones Industrial Average, and Nasdaq composite -- are likely to open in positive note on Monday. This comes after investors took assurance from data pointing to robust economic activity in the US. However, geopolitics will remain a key focused area in the final week of November as investors will closely follow the conflict between Ukraine and Russia, after Moscow lowered its threshold for a nuclear retaliation. Assembly Election Results Live Updates Maharashtra Election Results Jharkhand Election Results Bypoll Election Results Meanwhile, expectations on the Federal Reserve's policy move in December have recently swayed between a pause and a cut, as investors weighed the likely impact of Trump's plans on price pressures. There is a 59.6 per cent probability the central bank will lower borrowing costs by 25 basis points, as per the CME Group's FedWatch Tool. Also Read : Is the Wolfs sequel starring George Clooney and Brad Pitt cancelled? "I’ve been looking for this leadership change to go from technology to everything else. I think we may be in the midst of that shift. Small caps are acting much better, values are acting better," said Mark Hackett, Chief of Investment Research at Nationwide. 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Wall Street closed higher on Friday, with all three major indexes posting weekly gains. On Friday, S&P 500 rose 20.63 points, or 0.3 per cent, to 5,969.34. Dow Jones Industrial Average rose 426.16 points, or 1 per cent, to 44,296.51. Nasdaq composite rose 31.23 points, or 0.2 per cent, to 19,003.65. Also Read: Pic of Big Mac: Are Melania Trump and RFK Jr. ganging up to improve Donald Trump's diet? Here's what a source says The domestically focused small-cap Russell 2000 index rose and outperformed large-cap indexes. The index hit its highest in more than a week and was set for weekly advances. Russell 2000 index of smaller companies rose 42.65 points, or 1.8 per cent, to 2,406.67. FAQs Q1. Which are main indexes of US stock market? A1. US stock market indexes are S&P 500, Dow Jones Industrial Average, and Nasdaq composite. Q2. When is Federal Reserve's policy expected? A2. Federal Reserve's policy move in December. 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