BMM

BMM has achieved independent validation of its licensed yttrium ion-exchange separation technology, demonstrating selective 14x concentration and 2x purity upgrades in bench-scale trials—a proof-of-concept that addresses acute supply risk as China restricts yttrium exports and prices spike 140x. The company now plans expanded feedstock trials and a potential pilot-scale program, but remains at laboratory validation stage with no revenue pathway, resource, or production timeline disclosed.

BMM has divested the non-core Bayan Springs North silver project to Sun Silver for up to A$800k (mostly deferred), retaining 1% NSR royalty and near-term upside optionality. Proceeds redeploy to rare earth assets (Desert Star) and proprietary processing tech, with Desert Star maiden RC drilling imminent assay results expected September.