Posted on 02/12/2024 11:46:15 AM PST by yesthatjallen
There’s a modern-day gold rush happening in the attempt to dig green-energy rare earth minerals out of the ground. Some believe Wyoming could be America’s answer to China’s lock on the market.
And one of a handful of Wyoming companies in the rush may have hit the mother lode.
American Rare Earths Inc. has its sights on thousands of acres of land near Wheatland, Wyoming. The company disclosed in a technical report on Wednesday that it found 64% more rare earth minerals than it had originally envisioned in a March 2023 assessment of the land.
The newly disclosed figure of 2.34 billion metric tons of rare earth minerals found southwest of Wheatland by American Rare Earths Inc. could dwarf in size the 1.2 million metric ton estimates in northeastern Wyoming that one of its competitors claimed was one of the biggest discoveries in the world.
A metric ton equals about 2,200 pounds while a ton is 2,000 pounds.
“This exceeded our wildest dreams, and we only drilled on about 25% of the property,” said Donald Swartz, CEO of American Rare Earths.
The company is the U.S.-based unit of an Australian-founded exploration company working in Wyoming.
SNIP
(Excerpt) Read more at cowboystatedaily.com ...
The article says it's state owned land, thus they're hoping for faster permitting process than if it was federal owned land.
But I missed exactly what mineral they're talking about that's rare-earth? Cobalt? Lithium?
Watch while the Obama/Biden cabal does everything in its power to stop development of the resource.
Just as with oil and natural gas, we have only drilled a few miles into the Earth. There are thousands of years of hydrocarbons under our feet, and who knows how much rare, and not rare, materials.
When the next Great Cold returns, the people alive then will laugh at AlGore and his minions stating “the Earth has a fever.”
Why can’t those metric people be satisfied with a real ton? And a mile?
Because they are Progressives. They are constantly fiddling with things that work perfectly fine.
They do it because it is a power grab. A dispute over something as insignificant as weights and measures can be turned into an opportunity to rule.
Shouldn’t a metric tonne be equal to 2,204.62262 pounds?
Quick! Sell the land to China!
Miners are constantly touting their drill results. Its incredibly time-consuming, difficult and rare to move from discovery to feasibility to permitting/approvals to an actual new mine. So they survive through continuous share sales/dilution, which means pumping their stocks always and everywhere.
Praseodymium?
MORE SO WEST of Wheatland in The SHIRLEY BASIN.
Rode the Pony Express trail in 2001. Went thru Wyoming.
50 miles a day-—5 days a week—8 weeks—2000 miles—St Joseph, MO to Virginia City, Nv. Took 3 horses to rotate.
yup.
I...just want to celebrate.
Quick! Sell it to China!
neodymium and praseodymium
I get it. I’ve been involved in mining and the oil business. (I once had a bumper sticker that said “What can’t be grown must be mined.” With drilling for oil a form of “mining”.)
But mining claims were (and still are to some degree) a place where they might fudge the numbers for investors that want to “strike it rich”.
That said, I hope that these results are accurate (or that the claim is even BIGGER!) and that we can produce these materials in the USA. Next step would be to get Trump elected, and relax some of the too strict regulations to make development a bit easier.
For the environmentalists, the best way to save “mother earth” is to allow more mining and drilling in the USA, where we actually have rules (too many) that need to be followed.
The environmental damage done by mining in most other countries is really bad. And they have no OSHA either.
Gadolinium (#64 on the periodic table) was named for Johan Gadolin, who discovered the first rare earth mineral (and was an opponent of the “phlogiston” theory)
Nonobtainium
...or just a few clock cycles.
If it’s good for America, it’s bad for the DemocRats who will do all they can to shut it down.
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