U.S.-based Cove Capital LLC and Kazakhstan’s National Mining Company Announce Joint Venture to Develop Largest Known Undeveloped Global Tungsten Resource
Cove Capital LLC (“Cove” or the “Company”) and the National Mining Company of Kazakhstan, JSC Tau-Ken Samruk, are pleased to announce an agreement to develop the largest known undeveloped tungsten resource in the world.
Cove Capital and Kazakhstan’s National Mining Company Formalize Joint Venture to Develop the Akbulak Rare Earth ProjectNEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Cove Capital LLC (“Cove” or the “Company”) and JSC Qazgeology, Kazakhstan’s national geological exploration company, and a wholly-owned subsidiary of JSC Tau-Ken Samruk National Mining Company, are pleased to announce the official registration of their joint venture, Akbulak REE Ltd., as a Private Company under the Astana International Financial Centre (AIFC). This milestone marks a significant step in advancing further exploration and development of the Akbulak Rare Earth Project in the Kostanay Region, Kazakhstan.
REEMAG Achieves Major Milestone in Sustainable Magnet Production with Successful Scale-Up of Recycled NdFeB MagnetsNEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- REEMAG LLC (“REEMAG” or the “Company”), a leader in sustainable rare earth magnet recycling, and a portfolio company of Cove Capital LLC, proudly announces a significant breakthrough in its mission to transform the rare earth magnet industry with low-carbon footprint solutions. The company has successfully scaled its innovative and proprietary carbon-free recycling process from a single NdFeB (neodymium-iron-boron) magnet to handle a quantity approximately 100 times larger, while maintaining the same outstanding performance metrics as the single-magnet process.
Kaz Critical Minerals Advances and Expands Drilling Program in East KazakhstanKaz Resources Secures Three New Exploration Licenses and Enters into Agreement with Hatch Engineering
Cove Capital Portfolio Company Kaz Critical Minerals Commences Drilling Activities on its Critical Minerals Concessions in East KazakhstanNEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Kaz Critical Minerals LLP, a wholly-owned subsidiary of Kaz Resources LLC and a portfolio company of Cove Capital LLC— a leading player in the global critical minerals industry, is pleased to announce it has commenced drilling activities and its 2024 geological programs in East Kazakhstan on one of its licensed concessions issued in 2023 by the Ministry of Industry and Construction. This marks a significant milestone in its exploration endeavors and underscores the Company’s commitment to developing Kazakhstan’s rich critical minerals potential.
