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 ...
Wheatland WY becoming a federal nature preserve in 3...2...1.
Biden and the greens to shut it down posthaste?
Well, we can’t be having that, now, can we? /s
an Australian-founded exploration company. Who owns the land I wonder.
Not even a 10 percent cut to the big guy would stop that.
20 maybe?
Feels like a penny-stock hustle.
We won’t be allowed to use it. Might offend Traitor Joe’s Chicom paymasters.
Zuck, Apple, etc. would persuade them otherwise. Governor. too.
Cheney may oppose but has no more pull in WY.
If China does not already own this land then Americans can make decisions.
As of 202 China owns roughly 384,000 acres of U.S. agricultural land.
Plus many businesses. And donates to universities.
As of the end of 2022, data indicates the operation of around 5,000 Chinese-owned companies in the United States, spanning diverse industries such as technology, manufacturing, finance, and real estate.
Hey Big Brother!
It would be interesting to see who is behind the Australian parent company, and who owns the land here. I recall that Hunter and his friends were heavily involved in setting up front companies to purchase assets by Chinese investors. The uranium interests purchased through Clinton help was run through several companies in Canada to obfuscate the real eventual owners in Russia.
*
Excellent questions. I forgot front companies and shell
corporations are a big part of the corruption.
“A mine is a hole in the ground with a liar at the top.”
Attributed to Mark Twain, but....
I have a few areas in the Lower 48 that I keep in mind if I am ever forced to leave Alaska for whatever reason. The Wheatland area was one of those places. Now, I’ll have to cross it off the list, as land and housing prices will no doubt increase dramatically.
Wheatland isn’t that far from Sinclair. If anybody knows what’s buried in Wyoming It’s Sinclair Oil. That part of WY is wall-to-wall drill rigs.
I am sure the EPA is sending an army there.
Main reason China has the rest of the world beat on rare earths, to my understanding from places like this, is that they don’t give a flying Philadelphia rat’s rump about the consequences to people or the environment in the mining and refining of those metals. Highly toxic, and wicked dangerous. Nobody talks enough about that with all this electrification at 20 times the current infrastructure talk. People die from this crap. If you do it safely, it’s incredibly expensive.
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