Others outside of the U.S. have been looking at U.S. rare earths deposits, including Australian billionaire Gina Rinehart, who sparked consolidation possibilities earlier this year when she took a 5.3% stake in U.S. rare-earths producer MP Materials Corp. in Las Vegas. Rinehart’s move is significant to Wyoming because the mining magnate with a fortune of more than $30 billion and the richest person in Australia, seems to be clearly making a move to consolidate rare earths, and has even made a play in the related lithium field. QUOTE With the discussion around raising capital in the future through a SPAC it is important to gain not just financial support but to be partnered with companies that possess strong mining capabilities with a longstanding history of achievement in building large scale infrastructure. Wyoming is shaping up to be the center of attention in regard to heavy rare earth supply/processing that the US Government is keen to develop IMO
