The US has a critical need for rare earth minerals that enable clean energy, and this exploration company may have found the largest deposits in North America
In the rust-colored shadow of a mountain in Wyoming, the search is underway for some of the most important minerals on the planet.
The salt-and-pepper rocks here have an unusually high presence of several"rare earth" elements — namely Neodymium, Dysprosium, Praseodymium, and Terbium — which are essential in making the magnets that go into things like electric vehicle motors and wind turbines., the company conducting the exploration and analyses, also has holdings in Arizona and Nevada that could substantially ease US dependence on foreign sources of these key metals.
An American Rare Earths geologist scans a rock with a handheld X-ray fluorescence analyzer, which provides real-time chemical composition estimates, rather than sending samples to a lab.If preliminary results hold, the sites in Arizona and Wyoming could be the two largest rare earth sites in the US, making ARE's holdings the largest claim in North America by a wide margin.
The current US leader in terms of production is MP Materials, which owns the only operating rare earth mine in Mountain Pass, California, and is responsible for producing 15% of the mineral content consumed in the global market,
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