AI Overview+3Recent discoveries in Wyoming, particularly around Wheatland and the Halleck Creek project, suggest a potential for significant rare earth mineral deposits, potentially worth billions, though the exact value is still being assessed and debated. Here's a more detailed breakdowniscovery and Location:A large rare earth mineral (REM) deposit was discovered near Wheatland, Wyoming, potentially containing 2.34 billion metric tons of REEs. The Halleck Creek project, also in Wyoming, is a key focus for rare earth mineral exploration and development by American Rare Earths. Potential Value:Initial estimates suggested the deposit could be worth up to $37 billion. The Wall Street Journal calculated the value of the deposit to be upwards of $37 billion. Company Involved:American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is the company focused on the development of the Halleck Creek Project, WY. Significance:The discovery could potentially reshape the rare earth landscape and make the United States a leader in minerals of all kinds. The US is seeking to reduce its reliance on China for rare earth minerals, and this discovery is seen as a step in that direction. Further Development:American Rare Earths secured a USD $7.1 million grant from the State of Wyoming to support rare earth processing. The company is building a facility in Wyoming to serve as a centralized hub for the Halleck Creek project, including a future pilot plant to test and develop processing technologies. QUOTE ARR definitely has merit in the US rare earth industry , time will tell how big the company’s development will be recognised IMO
