The US could soon become a world leader in rare earth minerals after over two billion metric tons were found in Wyoming.
The discovery could mean America taking over China, whose supplies stand at 44 million metric tons.
Rare Earths Discovery Near Wheatland So Big It Could Be World Leader
American Rare Earths Inc. disclosed in a technical report on Wednesday that it found 64% more rare earth minerals than it had originally envisioned. “This exceeded our wildest dreams,” CEO Donald Swartz told Cowboy State Daily.
The US could soon surpass China as the world leader in rare earth minerals after more than 2.34 billion metric tons were discovered in Wyoming.
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 company has a stake in 367 mining claims across 6,320 acres of land in the Halleck Creek Project, along with four Wyoming mineral leases on 1,844 acres on the same project now called Cowboy State Mine.
Edited by Victoria Watcher, 16 February 2024 - 09:06 PM.