European Resources Lifts Korsnäs Rare Earth Extraction to 92% as Cash Runway Narrows to Two Quarters

Highlights

• ANSTO's calcite-removal process lifted Korsnäs magnet rare earth extraction from 83% to 92% in laboratory tests, with praseodymium reaching 94%.
• European Resources ended September with only A$1.143 million cash, implying roughly two quarters of runway before potential dilutive financing.
• The company targets initial mixed rare earth carbonate samples in Q4 2026, but commercial processing economics remain unproven.
• Korsnäs holds a JORC Inferred Resource of 15.4 million tonnes at 1.00% TREO, with new soil anomalies suggesting exploration upside.
• REEx rates ERE speculative: scientific progress is credible, but pilot-scale validation, financing, and commercial viability are unresolved.