Rare Earth Minerals

West Africa has significant potential for rare earth elements (REEs), with countries like Sierra Leone emerging as an important player in the global supply chain, despite the continent’s historically small share of REE exploration. While the region is rich in other minerals like gold and bauxite, the increasing global demand for critical minerals for green energy and technology is driving expanded exploration and the development of new REE mining projects across Africa, including in West Africa.

Key Aspects of REE Potential in West Africa

Emerging Players
Countries such as Sierra Leone are becoming significant contributors to the global production of rare earth metals.

Growing Exploration
International exploration companies are actively expanding their search for economically viable REE deposits in Africa, including West Africa, leading to increased investor attention.

Strategic Importance
The development of REE mining in West Africa contributes to a broader trend across the continent, which is set to become a major exporter of rare earth ores for both China and Western processors.

Green Energy and Technology Demand
The global transition to green technologies, such as electric vehicles and solar panels, relies on rare earth elements, making regions with significant REE potential, like West Africa, strategically important.

Examples of Activity and Exploration

  • Several countries in West Africa are becoming more involved in the extraction of rare earth metals.
  • Companies are actively involved in REE exploration and development across the African continent, including in West African countries.

Overall Context

  • Africa holds 30% of the world’s critical minerals, a figure that includes rare earth elements.
  • African rare earth projects are characterized by low capital and operating costs, making them attractive investment opportunities and strategically valuable for both China and the West.
“Leone Stone is actively seeking rare earth mineral exploration and mining assets to expand its portfolio and enhance shareholder value.”