Cesium

Cesium

Postby winston » Mon May 11, 2020 11:30 am

Why Trump Is Desperate To Secure This Rare Metal

by Nick Pulver

The metal is cesium (Cs), the most active metal on Earth, and it’s so rare that it’s hard to even put a price on it. It’s also a vital ingredient in our ability to make 5G happen.

Canadian junior miner--Power Metals (TSXV:PWM,OTC:PWRMF)

There are only three cesium mines in the world and Power Metals owns three of the five cesium occurrences in the province of Ontario.

“There is a global shortage of this rare metal and we are very lucky to have found it at our 100% owned Case Lake Property with grades as high as 14.7 % Cs2O,” Power Metals Chairman Johnathan More said in a recent press release.

Unlike some other commodities, cesium is immune to the demand-decimating effects of the coronavirus pandemic because it is critical to everything from the 5G revolution, healthcare advances and defense to oil and gas drilling--and even time itself.

In healthcare, cesium is a key element in strategic organic chemistry, including in x-ray radiation for cancer treatments, while the oil and gas industry uses it for drilling fluids to prevent blow-outs in high-temperature, high-pressure wells.

It’s also a key element in an array of commercial and industrial applications, including catalyst promoters, glass amplifiers, photoelectric cell components, crystals in scintillation counters, and getters in vacuum tubes.

But cesium’s applications in the 5G war, and in measuring time, make it the stuff of critical metal legend and a valuable weapon in the race for technological dominance.

It’s the “cesium standard” that allows us to measure time accurately. That means it’s the key to mobile networks, the internet, and GPS.

Cesium could mean the difference between real-time responsiveness and 5G failure.

Despite the fact that it is so strategic, there are only three pegmatite mines in the world that can produce cesium: Tanco in Manitoba, Bitika in Zimbabwe, and Sinclair in Australia. Two of them, Tanco and Bitika, are no longer producing, and the stockpiles at Tanco and Sinclair are largely controlled by China.

That positions Power Metals to potentially be a major North American supplier of cesium, possibly right at the crucial moment in the 5G revolution.

Known for its major hard rock lithium deposit in Canada, Power Metals hopes to very soon be known as the company that broke China’s monopoly on the critical cesium metal.

Power Metals is sitting on what could become only the fourth deposit of its kind in the world.

The company discovered the pegmatites at West Joe Dyke in August 2018, intersecting high-grade cesium mineralization in six drill holes when it was targeting lithium instead.

In February, right before the COVID-19 outbreak turned into a pandemic, Power Metals started drilling, and it’s world-class geologist, Dr. Julie Selway, says the three properties the company is drilling are hoped to have similar finds to the strategically important Sinclair mine in Australia.

“They are shipping their resource, which they say is higher than 10% cesium-oxide, and ours have some that are between 12% and 14% of cesium-oxide,” Selway, a key geologist for the Ontario Geological Survey during the tantalum boom of the early 2000s, and now VP of exploration for Power Metals, told Oilprice.com.

Source: Oil Price

https://finance.yahoo.com/news/why-trum ... 00427.html
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