Yet another American, 'Fleece the American Public' scam in the pipeline,

When are they going to wake up that Mines need substantial "Ore Reserves"

"USA Rare Earth to explore public offering at value above $1 billion"

Mineral resource estimates

The Round Top deposit was estimated to hold 364,000t of measured and indicated resources and 735,000t of inferred resources containing REEs, technology metals and industrial minerals as of August 2019.

Which according to their Sec 43 Ore Resource statement contains just 6,000t of NdO and 16,000t of PrO in the Measured category and around double that in Inferred !!

This mob are obviously trying to put together another Mountain Pass 'Construct and dump' operation. They originally started off as Texas Rare Earths back in 2009 but failed to develop the deposit due to high strip ratio's ~ the Top of the Mountain is apparently waste !

If they think they are worth a Billion, then Pensana with its initial (Indicated) 89,000t & 195,000t (Inferred) of NdPrO has to be worth at least US5 Billion,
And that is BEFORE you take into account the latest infill drilling and other deposits at Coola, Sulima and Monta Verdi !!!