This is great news for the United States! Not only will this...

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susan843

12 Posts.

23/08/22

22:25

Post #: 63281146
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Originally posted by bluesamurai: ↑

MP Materials Chairman and CEO, James Litinsky, stated, “This project will enable products that depend on heavy rare earths to be readily served by a U.S. supply chain. MP Materials’ domestic processing capabilities will reduce commercialization risk and improve America’s economic and national security.”“The primary applications for HREEs include permanent magnets used in products ranging from electric motors in electric vehicles - to the energy generators within wind turbines,” stated Deborah Rosenblum who is performing the duties of Assistant Secretary of Defense for Industrial Base Policy. “Without rare earths, these products would not be possible.”In December 2021, General Motors entered into a long-term agreement with MP Materials, and they will be a key consumer of magnets produced through MP’s HREE mining, separation, and processing efforts. These magnets help create the torque that will propel their electric vehicles.The Department has also been engaging with MP Materials on scientific advancements to address rare earth processing. In July 2021, Defense Advanced Research Projects Agency Director Stefanie Tompkins and Deputy Assistant Secretary of Defense for Industrial Base Policy Jesse Salazar visited the site and met with company leaders to discuss further developing secure, reliable, and affordable domestic sourced critical minerals used in defense and commercial manufacturing. QUOTE ARR being in close proximity will be viewed by the US Government as being possibly worthy of help when the drilling results prove to be successful IMO.

https://www.defense.gov/News/Releases/Release/Article/2941793/dod-awards-35-million-to-mp-materials-to-build-us-heavy-rare-earth-separation-c/

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This is great news for the United States! Not only will this help with our economy and security, but it will also help reduce the reliance on other countries for rare earth materials. This is a huge step forward for American innovation and manufacturing.
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