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 ...
If they continue finding new, huge deposits of rare earth minerals, they eventually won’t be so rare. Which would be a good thing.
If Hunter and Hitlery aren’t already cutting a deal with the ChiComs.
I was wondering about that. They repeatedly name-drop "American Rare Earths Inc." multiple times.
I went to Wheatland high school - in California. Itty bitty farm town near base.
Have no fear. Neo-Marxist Democrats will find a way to sell it all to China, just as they did with Urainium ore mines in the U.S.
See: https://www.factcheck.org/2017/10/facts-uranium-one/
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