Marketing

Steenkampskraal Monazite Mine will extract monazite ore, which contains high concentrations of REEs, including neodymium, praseodymium, dysprosium and terbium, which are crucial for manufacturing high-tech products like magnets, batteries, and catalytic converters from its deposits. The strategy is to also extract thorium during phase 2 of the operations to supply feedstock to this rapidly growing market sector.

The potential of supplying thorium as an alternative, clean and safe nuclear fuel for power generation is also being investigated.

Studies are continuing to provide various daughter products from the thorium decay chain to provide medical isotopes for cancer treatment.

SMM’s marketing efforts will focus on highlighting the quality and sustainability of the REE products. SMM is engaging with potential customers through trade shows, industry conferences, and digital marketing channels. Additionally, SMM has established long-term contracts with key clients to ensure a steady revenue stream.