FYI Resources expands critical minerals strategy with rare earths deal

Cadoux Ltd, formerly FYI Resources Limited, is an Australia-based resources company, which is focused on the exploration and development of critical and strategic mineral projects. The Company’s segments include high purity alumina exploration and evaluation in Australia and potash exploration and evaluation in Asia. Its project includes High Purity Alumina (HPA) and Rare earths. HPA is a processed non-metallurgical alumina product characterized by its purity level. HPA is used for its properties and characteristics, such as corrosion and scratch resistance, high brightness, and its ability to withstand extreme temperatures. HPA is also used as a base material in the manufacture of sapphire substrates for applications, such as light emitting diodes (LEDs), in the manufacture of artificial sapphire glass and in certain battery and power storage components, artificial gemstones and special space, aeronautical and medical applications. Its Rare-Earths are a set of 17 metallic elements.