ARR 1.69% 29.0¢ american rare earths limited

Spotlight on American Rare Earths, page-2734

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    He says he’s also hopeful that the U.S. government will help pave the way for the development of rare earth mines with a streamlined permitting process due to the critical nature of the materials to be produced.The timeline to U.S.-based production of rare earths, he says, will depend a lot on the length of the permitting process that companies face to start mining. The development of U.S.- based processing facilities, such as the one planned in Texas, will also be key.In August it was announced that an Australia-based company, Lynas Rare Earths – currently the world’s top rare earths producer outside China – has been contracted by the U.S. Department of Defense to build a facility – and, as part of the deal, will receive a quarter-billion-dollar investment from the U.S. government.Expected to open in 2026, it will process material from western Australia but is expected to ultimately serve both government and commercial customers. Currently just one U.S. mine produces rare earths: the Mountain Pass Mine in California, which has been called out for sending material to China for processing. The Las Vegas based company that operates the mine is also getting an infusion of federal money to develop its U.S.-based processing capabilities. QUOTE
    There will be a lot of collaboration this year as the US Government speeds up the development of the onshore rare earth facilities IMO

    https://americanrareearths.com.au/mining-people-new-mines-needed-for-green-energy-tech/

 
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