About Us

Beixin Minerals is a leading rare earth resource company dedicated to supplying strategic materials to the technology industries. We are actively advancing our plans to develop the Qixia Rare Earth Project, situated in Yantai, Shandong, People's Republic of China. With a strong focus on mining and development of Rare Earth Elements, Beixin Minerals is a dynamic and rapidly expanding company in the industry.

Our Mission

Our mission is to lead the way in mining development at the Qixia Project, ensuring maximum value for our shareholders while also driving impactful and successful social responsibility programs.

Our company is guided by the following principles:

• We prioritize targeted exploration and development, placing a strong emphasis on assessing the commercial implications and effectively managing risks.
• We are dedicated to building long-term and sustainable relationships with stakeholders in China and around the world.
• We cultivate in-house technical excellence and support cost-effective and synergistic research and development programs.
• Our goal is to be the preferred partner for exploration, research, and project development focused on rare earth elements.
• We empower our local and international staff through training and other initiatives and foster a diverse workplace culture.

Constructing the Advanced Supply Chain of the Future

The future of green technologies relies heavily on the utilization of powerful rare earth magnets. These magnets play a crucial role in converting energy into motion for various sustainable innovations such as electric vehicles, wind turbines, drones, and more.

The electrification trend is fueling a rapid increase in demand for NdPr (Neodymium and Praseodymium). Currently, electric vehicles account for only 3% of annual NdPr production. However, it is projected that they will consume nearly 100% of the current annual production within the next decade.

To meet this growing demand sustainably, it is crucial to have a reliable source of consciously mined NdPr like Beixin Minerals. Without our contribution, the future growth of green technologies would rely heavily on environmentally damaging supply. Additionally, our advanced Research and Development and manufacturing capabilities would be dependent on overseas supply chains. By partnering with Beixin Minerals, we can ensure progress in driving the development of automotive, aerospace, wind power, and IT technologies of the future. Together, we can secure a sustainable and prosperous future for these industries.

Sustainability

We create the difference.

Environment Standards – Our operations are meticulously planned and adhere to the most stringent environmental regulations, surpassing even the highest global standards.

Clean and Safe Ore Body – The primary ore found in Qixia has considerably reduced amounts of radioactive thorium compared to other sources; in contrast, deposits rich in monazite have substantially higher concentrations of thorium.

Dry Tailings Technology – Our advanced dry-stacked tailings method removes the necessity for hazardous wet tailings ponds, allowing for more than 90% of the process water to be recirculated and practically eradicating the possibility of groundwater pollution.

Closed-Loop, Zero-Discharge – Our milling and beneficiation process employs the dry-stacked tailings method, which has the benefit of consuming only a fraction of the freshwater utilized by comparably sized facilities. Moreover, we have an on-site Chlor-Alkali facility that recycles waste brine water from our separations facility and converts it into the requisite chemical reagents for the separation process. This facility harnesses the process of electrolysis, which is powered by clean natural gas, to achieve this conversion.

Direct Contribution – Beixin Minerals is playing a vital role in advancing the Green Revolution. Our NdPr is the fundamental component for creating high-strength magnets that are essential for developing eco-friendly technologies such as electric vehicles and wind turbines. Our objective is to establish a strong, environmentally-conscious supply chain, starting from the mine and ending at the motor.

Research and Development

The Qixia Project has undergone a multitude of comprehensive studies, including geological, metallurgical, engineering, environmental, and financial evaluations. Moreover, thorough environmental baseline studies conducted by the company have laid the groundwork for the Qixia Plan of Operations (PO). The PO provides in-depth details and specifications on various operations, including mining, processing, and waste management, among others. It serves as the foundation for obtaining permits and ensures that all operations are carried out with the utmost regard for environmental protection.

Beixin Minerals conducted comprehensive engineering and economic studies to enhance specific aspects of the Project. The findings were documented in a Preliminary Feasibility Study (PFS) that was published. Additionally, the company successfully performed multiple pilot plant tests of its exclusive recovery technology. Once all necessary permits are obtained, a positive feasibility study is completed, financing is secured, and other factors are considered, the construction of the Qixia Project is anticipated to be completed within a timeframe of 12 to 16 months.

Qixia Project

The Qixia Project has emerged as a promising source of rare earth minerals within the Asian region. The resource base at Qixia boasts unparalleled quality and quantity, positioning it as a world-class mining district and a dependable and long-term supplier of the rare earths that are essential to the global economy. The Project's reserve is abundant with "critical rare earth elements" (CREE), which are known for their scarcity, higher value, and projected long-term demand growth and price support. It is strategically located in one of the world's best mining districts, and the processing facility will be situated nearby in an established industrial area. Both communities house a proficient and readily available workforce, skilled in the development of natural resources.

Highlights from recent projects consist of:

• Strong Returns with Excellent Upside – The Preliminary Feasibility Study indicates that the Project can generate strong returns, even with the current low rare earth prices. However, there are several opportunities for further upside, including the refinement of the company's proprietary processing technology to reduce operating costs, investigating further separation for a more comprehensive value chain participation, and recovering certain by-products to boost revenues.
• Superior Location – China Institute of Mining recognizes Qixia as one of the world's top mining jurisdictions. The site is supported by excellent infrastructure and communities well-versed in natural resource development.
• Strong Ore Body – Our mineral resource exhibits impressive strength, as evidenced by the high-grade core that is integral to the Project's lifespan. This high-grade core, in turn, contributes to a remarkably short payback period. Overall, these factors serve to underscore the immense potential of our mineral resource, and its ability to generate significant returns over an extended period.
• Proprietary Technology The company's patent-pending technology has undergone several improvements, resulting in the production of a TREO powder of exceptional quality. The powder, which is thorium-free and possesses a remarkable purity of 99.999%, has been separated into heavy and light rare earth fractions in a single, efficient step. Further optimization efforts are ongoing, with a focus on cost reduction as well as the separation of fractions into products that are attractive to potential end-users.
• Allowing Progression – The company has duly completed its application process for two crucial permits/licenses with the aim of obtaining them simultaneously with the final record of the decision. However, the latter is currently on hold in light of the market conditions that need to support the resumption of the process. The company continues to monitor the situation closely and will proceed with the next steps as soon as the market conditions improve.
• Feasibility Study Planned – Currently, we are undertaking the optimization work identified in the PFS to support the completion of detailed engineering and the Feasibility Study.