Project Storkwitz

Status

Active Exploration

Primary resource

RE₂O₃

Responsible agency

Oberbergamt

Europe's rare earth security starts here

Storkwitz is the only known rare earth deposit in Germany, a carbonatite-hosted system in Saxony. Based on previous exploration campaigns and historical estimates, there are indications of 38,000 tonnes of rare earth oxides and 8,000 tonnes of niobium pentoxide. The permanent magnets in Europe's electric vehicles, wind turbines, and advanced electronics are central to the continent's industrial future, and Storkwitz represents an opportunity to supply them from European soil.

Timeline

Resource estimation
Based on the analysis of historical data and more recent studies, reserves are currently estimated at 38,000 metric tons rare earth oxides and 8,000 metric tonnes of niobium pentoxide, composed of approximately 38% Cerium (Ce), 35% Lanthanum (La), 14% Neodymium and Praseodymium (Nd + Pr), 5% Yttrium (Y), and 8% other rare earth elements.
Permitting
The mining permit process in Germany is managed by the competent mining authority, which oversees administrative procedures for raw material extraction, transportation, and energy storage. The authority provides guidance on relevant laws and regulations, processes applications, and forwards decisions to counties, municipalities, and agencies.
Applications must be submitted in writing and in full. The authority reviews them for grounds for rejection and issues a decision following public participation. The permit for the license area was issued by the Saxon Mining Authority.
Exploration
Planned 2027
Further exploration is planned for 2027.
Project Development
Planned 2027
Project development is planned for 2027.
Extraction
Planned 2028/2029
Extraction is planned for 2029.

REE oxide prices

Cerium oxide

CNY 14,000–14,500/t

Lanthanum oxide

CNY 5,100–5,700/t

Pr-Nd oxide

CNY 775,000–780,000/t

Yttrium oxide

CNY 70,000–73,000/t

EUR/CNY

8.0353

EUR/USD

1.1780

Updated 15 April 2026

REE basket

Cerium (Ce)

~38%

Lanthanum (La)

~35%

Nd + Pr

~14%

Yttrium (Y)

~5%

Other REE

~8%

Deposit information

Main pipe

170–900 m · ~150 m wide

Satellite 1

~200–700 m · smaller

Satellite 2

~250–600 m · smallest

Technological leap

Hades is a technology-driven resource company rethinking access to the subsurface through a modular, software-controlled approach to deep drilling.

View Cerberus

Environment

Responsible Development & Environmental Stewardship

Environmental responsibility is a core principle throughout every stage of the project. Hades is committed to meeting all applicable environmental and mining regulations while integrating environmental considerations into project planning from the outset.

Minimal Surface Impact by Design

Unlike conventional open-pit mining, the planned extraction concept is based on deep underground operations, significantly reducing the project's surface footprint. This approach enables access to critical raw materials while minimising impacts on surrounding land and ecosystems wherever practicable.

Monitoring, Restoration & Transparency

Environmental monitoring and site restoration will be carried out in accordance with regulatory requirements and project approvals. Hades is committed to maintaining transparent engagement with authorities, local communities and other stakeholders throughout the project lifecycle.

Regional Benefits

Employment & Regional Economy

Local and regional hiring across geology, drilling, logistics and administration. Procurement prioritises Nordsachsen suppliers to keep economic benefits in the region.

Infrastructure & Location

Direct access to rail, road and grid connections in Nordsachsen, with industrial-zoned land that keeps build-out fast and strengthens the region's long-term competitiveness.

Knowledge & Innovation

Partnerships with regional universities support training, applied research and a skilled local workforce, keeping technical expertise rooted in Nordsachsen for the long term.

The History of Storkwitz

The right opportunity for a historic site

GDR geologists drilled 49 holes near Delitzsch between 1973 and 1985, identifying what would become Europe's most significant rare earth discovery at that time. After re-unification, the deposit was never developed because the market didn't exist yet.

*Transversal drilling at Delitzsch 1982*

Source documents

We continuously update this page with the latest status of the project. The information and documents describe the current status of permits and known key geological data. They do not constitute an investment recommendation, a statement of reserves or resources in accordance with international standards, or a guarantee of future mining operations.