{"id":12876,"date":"2024-06-27T20:18:49","date_gmt":"2024-06-27T20:18:49","guid":{"rendered":"https:\/\/used82.com\/?p=12876"},"modified":"2024-06-27T20:18:49","modified_gmt":"2024-06-27T20:18:49","slug":"over-2-billion-tons-of-rare-earth-mineral-found-in-us-could-make-country-the-new-world-leader","status":"publish","type":"post","link":"https:\/\/used82.com\/?p=12876","title":{"rendered":"Over 2 billion tons of rare Earth mineral found in US could make country the new \u2018world leader\u2019"},"content":{"rendered":"

The discovery has the potential to make the US a world leader in rare Earth minerals<\/h2>\n
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After discovering over 2 billion tons of some incredibly rare minerals, the US now has the potential to become a world leader in the matter.<\/strong><\/p>\n

Becoming a world leader when it comes to resources tends to be a good thing on the international stage \u2013 and the\u00a0US<\/a>\u00a0could soon become a world leader after a discovery in Wyoming.<\/p>\n

In what is expected to be a boost for American industry, the discovery of two billion metric tons of rare earth minerals could mean the country overtakes\u00a0China<\/a>.<\/p>\n

The discovery has \u2018exceeded their wildest dreams\u2019, according to the American Rare Earth Inc and to top things off they have only drilled around a quarter of the project.<\/p>\n

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\"The<\/div>\n

The discovery of two billion metric tons of rare earth minerals could mean the US will overtake China. (American Rare Earths)<\/cite><\/p>\n<\/div>\n

The discoveries include oxides of neodymium, praseodymium, samarium, dysprosium and terbium. Now that might not mean much to many at first, but these kinds of minerals are widely used in\u00a0technology<\/a>\u00a0such as smartphones,\u00a0hybrid cars<\/a>\u00a0and aircrafts, as well as more common things like light bulbs and lamps.<\/p>\n

Currently, a whopping 95 percent of earth minerals originate from China, with the States alone importing 74 percent.<\/p>\n

But following a ban on extraction in December 2023, American Rare Earths have been working to break China\u2019s record.<\/p>\n

The company first started drilling in March 2023 and estimated 1.2 million metric tons of minerals in Wyoming.<\/p>\n

But further drills have revealed way more. In fact, American Rare Earths have actually increased its yield by over two thirds.<\/p>\n

\u201cThese results are illustrative of the enormous potential of the project when the resource increased by 64 percent during a developmental drilling campaign, which increased measured\/indicated resources by 128 percent,\u201d said American Rare Earths CEO Don Schwartz.<\/p>\n

\u201cTypically, you\u2019ll see the resource decrease as infill drilling takes place \u2013 instead, we\u2019re seeing the opposite, with only 25 percent of the project being drilled to this point.\u201d<\/p>\n

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\"Currently,<\/div>\n

Currently, a whopping 95 percent of earth minerals originate from China, with the States alone importing 74 percent. (American Rare Earths)<\/cite><\/p>\n<\/div>\n

American Rare Earths aren\u2019t the only ones in the running.<\/p>\n

Ramaco Resources revealed it had found a deposit of rare minerals near Sheridan in Wyoming, that could have a value of $37 billion.<\/p>\n

Ramaco Resources CEO Randall Atkins told Cowboy State Daily: \u201cWe only tested it for 100, 200 feet, which is about the maximum you\u2019d ever want to do a conventional coal mine.<\/p>\n

\u201cMuch deeper than that, and the cost would be prohibitive to mine for $15-a-ton coal. But there are seams that go down almost to 1,000 feet. So, we\u2019re drilling down into the deeper levels to see what\u2019s down there.\u201d<\/p>\n

But American Rare Earths has dismissed the estimate.<\/p>\n

\u201cOur resources is on an order of magnitude larger than the Ramaco Resources number,\u201d said Schwartz.<\/p>\n

\u201cIf you did the same thing for it, you\u2019d come up with a lot bigger number, but that doesn\u2019t take into account whether you can [mine and process] more economically, or even do it.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The discovery has the potential to make the US a world leader in rare Earth…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12876","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"views":253,"_links":{"self":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/12876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12876"}],"version-history":[{"count":0,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/12876\/revisions"}],"wp:attachment":[{"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}