Hexagon Energy Materials is an Australian listed company (ASX: HXG) seeking to commercialise a revolutionary rare earths processing technology called RapidSX™, which has the potential to disrupt China’s virtual monopoly over the processing of rare earth elements (REEs) into rare earth oxides (REOs).
REOs are the primary materials for the manufacturing of rare earth permanent magnets (REPMs) which are essential for electric vehicle motors, consumer electronic products, renewable energy generation and a number of military applications.
RapidSX™ can process REEs faster and cheaper than existing solvent extraction processes used in China, which can deliver substantial capital and operating costs savings to existing and proposed rare earth producers around the world. HXG and its Canadian joint venture partners, are building a Commercial Demonstration Plant (CDP) which will be operating and generating cashflow by the end of 2020.
Mike Rosenstreich, MD
Mike Rosenstreich has a unique technical and commercial background gained over 30+ years in the resources sector, which includes;13 years as an exploration and mine geologist with Homestake Gold and Dominion Mining; 6 years banking with Rothschild Australia; 9 years as founding Managing Director of ASX listed Bass Metals from pre IPO stage, exploration success and over 5 years of base and precious metals production; and 3 years at Keystone Resource Development focused on a variety of work-outs for gold, tantalum and other projects. During this time, he has been involved in a wide range of commodities from gold and base metals to industrials such as tantalum, feldspar and mineral sands across the globe.
Since joining Hexagon in March 2017, Mike has been instrumental in charting Hexagon’s path to focus on the commercialisation of a revolutionary new rare earth element (REEs) separation processing technology, called RapidSX™, which aims to disrupt Chinese dominance in the global rare earth processing market. This broadens and complements Hexagon’s high-purity battery graphite business – with both being vital components of the e-mobility and renewable energy generation and storage revolution sweeping global economies.
Mike is a Fellow of the AusIMM and a member of the AICD. He holds a BSc (Hons) in Geology and Masters in Mineral and Energy Economics.
Charles Whitfield, Chairman
Mr. Whitfield is the Principal Investment Officer at Drumrock Capital, an investment firm providing capital and advisory services to start-up and early round companies. He has undertaken board and supporting roles in several companies in the specialty resource and new energy space.
He was formerly a Managing Director with Citigroup where he held the position of head of the corporate equity solutions group (Asia Pacific). Prior to this, he worked for Deutsche Bank where he was head of the strategic equity transactions group (Asia Pacific). Mr. Whitfield received his Masters in Business Administration (majoring in Finance and Strategy) from Columbia Business School (New York) in 1998 and his Bachelor of Economics from The University of Exeter (U.K).