King Global Critical Minerals USA Corp., a subsidiary of King Global, has formed a 50-50 joint venture with Quantum Energy Corporation to conduct a beta test for processing critical minerals at Cleator, Arizona. The test will evaluate recovery of rare earth elements and other minerals from historic mined materials, with King contributing materials and $150,000, and Quantum providing equipment and personnel. King will receive 85% of gross profits from critical minerals and retains ownership of its land and assets. The beta test starts in October 2026 and aims to lead to a permanent processing operation if successful.
King Global's joint venture with Quantum Energy Corp. to process critical minerals provides context for Basic Materials sector activity on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 13, 2026 19:12 WIB: Of 62 priced US stocks, 38 rose and 20 fell. Notable movers include GGB at USD 5.20 (+1.17%, typical hold time 4 days), CDE at USD 16.95 (+1.13%, typical hold time 4 days), and PAAS at USD 46.20 (+1.07%, typical hold time 2 days, with Pluang order activity 0% Sell / 100% Buy).
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