I need to invest in American Rare Earths Inc.
Wyoming, renowned for its breathtaking landscapes and vast wilderness, is not just a haven for outdoor enthusiasts; it also harbors a hidden treasure beneath its rugged terrain - rare earth minerals.
These essential elements are crucial in modern technology, powering everything from smartphones to renewable energy systems. Now, rich deposits of rare earth minerals have been discovered in Wyoming, which provides the opportunity to significantly, if not wholly, stop US reliance on China while having a significant economic impact on the state and the country.
According to the Daily Mail, a mining company has announced the discovery of “more than 2.34 billion metric tons” of rare earth minerals in that state.
“American Rare Earths, Inc., announced that the reserves near Wheatland dramatically surpass the Asian nation’s 44 million metric tons, saying ‘it exceeded our wildest dreams’ after drilling only about 25 percent of the property,” the report read.
The report came after the company began exploring hundreds of mining claims across 6,320 acres of land in the Halleck Creek Project in the southeastern part of the state. The discovery came after the company began analyzing its stakes.
Rare earth minerals comprise a group of 17 elements, including neodymium, dysprosium, and lanthanum, known for their unique magnetic and electronic properties. These minerals are indispensable in manufacturing high-tech products such as smartphones, electric vehicles, wind turbines, defense systems, and hard disc drives. One rare earth called praseodymium is used in aircraft engines. As the demand for these technologies continues to surge, the global need for rare earth minerals has reached unprecedented levels.
The company confirmed the presence of neodymium, dysprosium, praseodymium, samarium, and terbium in the areas it has explored.
Wyoming boasts substantial deposits of rare earth minerals, particularly in the Powder River Basin and the Bear Lodge Mountains. Geological surveys have identified significant concentrations of elements like rare earth oxides, tantalum, and niobium. The Bear Lodge Mine, located in northeastern Wyoming, is one of the most promising sites for rare earth mineral extraction in the United States.
Extracting rare earth minerals is a complex process that involves various techniques, including open-pit mining and heap leaching. The Bear Lodge Mine combines open-pit mining and hydrometallurgical processing to extract rare earth elements. This environmentally conscious approach minimizes the ecological impact and ensures sustainable extraction practices.
Massive discovery of cache of rare earth minerals in Wyoming could end US dependence on China
Wyoming, renowned for its breathtaking landscapes and vast wilderness, is not just a haven for outdoor enthusiasts; it also harbors a hidden treasure beneath its rugged terrain - rare earth minerals.
These essential elements are crucial in modern technology, powering everything from smartphones to renewable energy systems. Now, rich deposits of rare earth minerals have been discovered in Wyoming, which provides the opportunity to significantly, if not wholly, stop US reliance on China while having a significant economic impact on the state and the country.
According to the Daily Mail, a mining company has announced the discovery of “more than 2.34 billion metric tons” of rare earth minerals in that state.
“American Rare Earths, Inc., announced that the reserves near Wheatland dramatically surpass the Asian nation’s 44 million metric tons, saying ‘it exceeded our wildest dreams’ after drilling only about 25 percent of the property,” the report read.
The report came after the company began exploring hundreds of mining claims across 6,320 acres of land in the Halleck Creek Project in the southeastern part of the state. The discovery came after the company began analyzing its stakes.
Rare earth minerals comprise a group of 17 elements, including neodymium, dysprosium, and lanthanum, known for their unique magnetic and electronic properties. These minerals are indispensable in manufacturing high-tech products such as smartphones, electric vehicles, wind turbines, defense systems, and hard disc drives. One rare earth called praseodymium is used in aircraft engines. As the demand for these technologies continues to surge, the global need for rare earth minerals has reached unprecedented levels.
The company confirmed the presence of neodymium, dysprosium, praseodymium, samarium, and terbium in the areas it has explored.
Wyoming boasts substantial deposits of rare earth minerals, particularly in the Powder River Basin and the Bear Lodge Mountains. Geological surveys have identified significant concentrations of elements like rare earth oxides, tantalum, and niobium. The Bear Lodge Mine, located in northeastern Wyoming, is one of the most promising sites for rare earth mineral extraction in the United States.
Extracting rare earth minerals is a complex process that involves various techniques, including open-pit mining and heap leaching. The Bear Lodge Mine combines open-pit mining and hydrometallurgical processing to extract rare earth elements. This environmentally conscious approach minimizes the ecological impact and ensures sustainable extraction practices.
