The Mosaic Company (NYSE:MOS) is one of the 10 Stock Winners in a Brutal Market.
Mosaic grew for a second day on Thursday, jumping 7.58 percent to close at $31.36 apiece, as investors resumed buying positions amid its ongoing efforts to ramp up expansion into rare earths production.
Through its subsidiary, Mosaic Fertilizantes P&K Limitada, The Mosaic Company (NYSE:MOS) partnered with Rainbow Rare Earths Ltd. for a potential joint development of the Uberaba mine site in Brazil.
The two parties have already completed an economic assessment for the site, which indicated a processing potential of 2.7 million tons of phosphogypsum per year; 1,900 tons of separated neodymium and praseodymium oxide; and 600 tons of a samarium, europium, and gadolinium product rich in medium and heavy rare earth elements.
Singkham/Shutterstock.com
The Mosaic Company (NYSE:MOS) and Rainbow are set to conduct a pre-feasibility study, which will progress into a definitive feasibility study assuming favorable results.
Construction of the processing facility is expected next year, with official production targeted by 2030.
“Brazil is emerging as a strategically important jurisdiction for rare earth development in the Americas. The Uberaba project brings together Mosaic’s Brazilian operations with Rainbow’s rare earth expertise,” The Mosaic Company (NYSE:MOS) President and CEO Bruce Bodine.
“Together, we will evaluate the responsible recovery of critical materials from our existing phosphate operations. This initiative aligns with our strategy to unlock additional value from our existing assets,” he noted.
While we acknowledge the potential of MOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
