Rare Earths from Madagascar

Rhodia and Tantalus Rare Earths AG announced the signing of a Letter of Intent (“LOI”) relating to technical co-operation for the development of an optimal process for generating rare earth concentrates from the large near surface Tantalus rare earth project in Madagascar and the exclusive supply of these rare earth products to Rhodia. The LOI will be followed by a definitive Technical Cooperation Agreement and Offtake Agreement for up to 15,000 t/a of rare earth products from Tantalus.