Trident Global Holdings and Zoetic Global have announced a significant partnership aimed at transforming the rare earth mining industry through the adoption of advanced, environmentally friendly technologies. This collaboration is set to provide global and US companies with crucial access to rare earth elements, potentially generating billions of dollars in revenue.
Trident Global Holdings, which has an existing strategic cooperation agreement with Vietnam’s Hung Hai Group—the owner of three key mines in Lai Chau province, northern Vietnam—will join forces with Zoetic Global to implement state-of-the-art technologies for efficient and sustainable rare earth production. The mines in question, Bac Nam Xe, Nam South Nam Xe, and Dong Pao, collectively hold confirmed reserves of approximately seven million metric tonnes of valuable rare earth elements.
The partnership will focus on employing innovative solutions to manage and remediate waste streams, making the mining process more environmentally friendly. By leveraging these advanced technologies, the joint venture aims to access about seven percent of the world’s known rare earth deposits, featuring a high concentration of the more valuable heavy rare earth elements. This move will ensure that critical industries—including semiconductors, renewable energy, aerospace and defense, electronics, electric vehicles, and medical imaging—secure a reliable supply of rare earth elements.
Sam Chi, CEO of Trident Global Holdings, highlighted the strategic importance of this venture: “Vietnam possesses approximately 20 percent of the world’s rare earth reserves. This collaboration with Zoetic Global and Hung Hai Group will unlock substantial financial value for Vietnam, benefiting the Vietnamese government and its people by introducing cutting-edge mining technologies and new business opportunities. Our partnership will also promote the sustainable management of rare earth elements for the global market.”
Zoetic Global’s CEO, Avery Hong, emphasized the importance of secure supply chains: “Inspired by the CHIPS Act, which underscores the critical need for robust supply chains, our partnership aims to bolster economic resilience and reduce reliance on foreign sources. The disruptions caused by the COVID-19 pandemic have highlighted the necessity of strengthening our supply chain integrity through on-shoring and re-shoring essential technologies and materials.”
Jerome Ringo, co-founder and executive chairman of Zoetic Global, added: “While rare earth deposits are widespread, the industry has lacked access to environmentally sound technologies. Zoetic Global has developed innovative power and remediation solutions that will be transformative for the rare earth mining sector.”
Trident Global Holdings and Zoetic Global are committed to establishing a comprehensive value chain that emphasizes sustainability and the use of new, responsible technologies for the extraction and processing of rare earth materials. This partnership is poised to make a significant impact on the global rare earth market, ensuring both economic and environmental benefits.
