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Strategic Joint Venture with Hung Hai Group

South Korea's Trident Global Holdings and U.S.-based Zoetic Global have announced a strategic joint venture to co-develop premium rare earth mines in Vietnam. This collaboration aims to ensure that global and U.S. companies have access to these critical elements, which are essential for various high-tech industries.

Collaboration with Vietnam's Hung Hai Group

The joint venture will leverage Trident's existing cooperation agreement with Vietnam's Hung Hai Group, the owner of three significant mines in Lai Chau province: Bac Nam Xe, Nam Nam Xe, and Dong Pao. These mines collectively possess confirmed reserves totaling seven million metric tons of rare earth elements. The partnership aims to implement environmentally friendly technologies to maximize the efficiency of rare earth production.

Enhancing Sustainable Rare Earth Supply Chains

Through this collaboration, Trident Global Holdings and Zoetic Global plan to develop and operate these mines using innovative solutions to remediate waste streams, making the extraction process cleaner and more sustainable. The venture will access approximately 7% of the world's known rare earth deposits, with a high percentage of the more valuable heavy rare earth elements. This initiative is poised to generate significant economic value and contribute to the sustainable management of rare earth resources.

Strategic Importance for High-Tech Industries

Rare earth elements are vital components in manufacturing semiconductors, wind turbines, aerospace and defense systems, electronics, electric vehicles, and medical imaging equipment. By securing a stable supply of these materials, the joint venture aims to support key global and U.S. industries, ensuring they have a significant presence and influence in the global market.

Commitment to Environmental Responsibility

The partnership emphasizes the adoption of advanced, environmentally friendly technologies in rare earth mining. By focusing on sustainable practices, Trident Global Holdings and Zoetic Global aim to transform the rare earth mining industry, reducing environmental impact while meeting the growing demand for these critical materials.

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