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Bayan Mining and Minerals Limited (ASX:BMM)

ALERT: Price-sensitive ASX Announcement for BMM
Current share price for BMM : $0.080 -0.013 (-13.98%)+
Announcement
Release
14 May 2026 8:22AM
Price at Release
$0.093
Full Release
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Summary
Bayan Mining and Minerals Limited has signed a non-binding Memorandum of Understanding with US Critical Materials Corp to collaboratively advance rare-earth processing technologies using mineralisation from the Sheep Creek Project in Montana. This partnership combines Bayan's exclusive licensed technologies from the Colorado School of Mines with high-grade mineralisation from the project. The MoU outlines a framework for technical collaboration, evaluation, and potential strategic investments, with plans to develop a US-based processing pathway. A joint technical team will guide the project's progression, aligning with initiatives to strengthen domestic rare earth processing capabilities.
Key Points
  • Bayan Mining and Minerals Limited entered into a non-binding MoU with US Critical Materials Corp.
  • Collaboration focuses on rare-earth processing technologies for high-grade bastnaesite and ancylite-hosted mineralisation.
  • The MoU involves technical collaboration, metallurgical evaluation, and strategic investment potential.
  • The Sheep Creek Project in Montana is central to this collaboration.
  • Bayan holds exclusive rights to technologies developed by Colorado School of Mines.
  • Technologies aim to enhance recovery and simplify processing of rare earth elements.
  • A joint technical team will oversee and coordinate the project workstreams.
  • Potential development of a US-based pilot or demonstration facility is planned.
  • Commercialisation and strategic pathways will be explored under the MoU.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.