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Sanjay Ahuja

21st Jan · SEBI-Registered Analyst

GMDC GETS RARE EARTH PROCESSING TECHNOLOGY FROM BARC

GMDCLTD
has acquired indigenous rare earth processing technology from the Bhabha Atomic Research Centre (BARC) for it's Ambadungar project. This technology transfer will provide GMDC with a robust solution for processing hard-rock ankeritic ore to produce Mixed Rare Earth Concentrate. This marks an important development for the company since the technology transfer represents an important step in the rare earth journey. Further, this will strengthens the company's ability to develop the project systematically and responsibly while building an end-to-end, future-ready rare earths value chain. With the government focus on rare earth minerals, the company's stock price has seen a strong upmove of 75% in the last one year.

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