Great Western Minerals Group is a Canadian-based company with a vertically-integrated, business model in the rare earth element industry through exploration, mine development and specialty metals production. Through its wholly-owned subsidiaries, Less Common Metals Limited, located in Birkenhead UK, and Great Western Technologies Inc., located in Troy, Michigan, the Company produces a variety of specialty alloys for use in the rechargeable battery, permanent magnet, automotive and aerospace industries. Less Common Metals currently supplies 20% of the world’s SmCo alloy for used in permanent magnets and is a significant supplier of alloys for NdFeB permanent magnets. Listed on the TSX Venture Exchange (TSX.V: GWG) and the OTCQX: GWMGF, Great Western Minerals Group is engaged in the acquisition, exploration, and development of rare earth mineral properties in Canada, the United States and Africa.
Current properties include two rare earth projects in Saskatchewan, Canada, one in New Brunswick, Canada, one in Utah, USA, and one in South Africa (see Projects). The most advanced projects are the 100%-owned Hoidas Lake Rare Earth Project, located in northern Saskatchewan, and the Steenkampskraal Project in South Africa.
Rare earth elements (REEs) are used in many alternative energy technologies such as wind power generation, fuel cells, rechargeable batteries, hydrogen storage, and permanent magnets used in electric and electric-hybrid vehicles. The rare earth elements comprise the lanthanide series of elements on the periodic table.
Ownership
Great Western Minerals Group owns
100% of Great Western Minerals (GWMG), whose exploration and development is focused on the rare earth elements.
100% of Great Western Technologies Inc. (GWTI); and
100% of Less Common Metals Ltd. (LCM).
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