None of the 10 companies are Wyoming-centric, but the military is looking to invest in rare earths mining projects, something that Wyoming has.The rare earth minerals bonanza is the result of consumers starved for magnet metals integral to the green transition to electric vehicles, wind turbines, consumer goods, robots and military drones, missiles and chips needed for sophisticated computing power.The military has a huge interest in rare earths.For instance, the U.S. Air Force’s F-35 stealth fighter takes 850 pounds of rare earths to build, while the average electric vehicle (EV) takes about 1 kilogram of rare earth minerals, or 6,000 metric tons to produce 6 million EVs. “We invite companies in Wyoming and across the U.S. to engage with the Department of Defense on critical mineral issues,” Pentagon spokesman Jeff Jurgensen told Cowboy State Daily. “We are making strong progress in the mining sector, and the DOD is focused on the entire rare earth supply chain, to include separation and processing, metallization and magnet manufacturing,” Jurgensen said. QUOTE Defense Department demand will play a vital role in ARR’s ultimate success IMO
https://cowboystatedaily.com/2024/06/23/military-could-invest-in-mining-critical-minerals-in-wyoming/
