- DY6 Metals is an ASX-listed company with 100-percent ownership of three highly-prospective heavy rare earth and critical metals projects in Southern Malawi.
- The company recently completed a successful $7-million initial public offering.
- DY6 employs an experienced management team which includes geotechnical experts and mining professionals.
- All three of DY6's projects feature near-surface, high-grade historical drillings and/or workings, and all three are significantly underexplored with considerable potential to define new mineralised zones.
- Initial exploration of DY6's projects will focus on significant historical REE drill results.
- Malawi as a mining jurisdiction is incredibly prospective for rare earth elements. In recent years, multiple resource companies have been engaged in comprehensive exploration and development within the region, including:
- Malawi is also known for its excellent operating infrastructure, mining-friendly regulations, and push for renewable energy.
Rare earth elements (REEs) collectively represent some of the most critical minerals in the world. This group of interrelated minerals has an incredibly broad range of applications — everything from military equipment to consumer electronics. They are also pivotal in the global transition to clean energy and decarbonization. Neodymium magnets, for instance — composed of neodymium, iron and boron (NdFeB) — are increasingly being used in wind turbines and electric vehicle motors. Dysprosium is added to NdFeB magnets to increase the magnet’s resistance to demagnetization, thereby improving performance through higher operating temperatures. Terbium is used extensively in solid-state devices and low-energy lightbulbs.