US rare earth market potential, page-175

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bluesamurai

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14/12/23

09:37

Post #: 71441043
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Originally posted by bluesamurai: ↑

That critical importance of rare-earths in so many tech industries is of mounting concern in many Western countries. As much as 90 percent of processed rare-earth elements come from China, a supply-chain dependence that spooks Western executives and, especially, defense officials. Rare earths are vital to countless military applications, including night-vision goggles, laser-targeting and -rangefinding systems, avionic displays, and polishing and other compounds

for optical lenses. In addition, rare-earth permanent magnets are used in the motors and actuators for many military systems, such as the ones that steer missiles and smart bombs, as well as assemblies in the engines of the F-35 fighter jet, and in the traveling-wave-tube and klystron systems used in radars and satellite communications. QUOTE Apart from the demand for rare earths in industry the growing importance in the defense industry will increase in the future IMO

https://spectrum.ieee.org/rare-earth-elements-2666461932

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CEO Donald Swartz commented on the results:“Exceptional results from the recent resource upgrade drilling campaign at the Halleck Creek Resource Area have notonly surpassed our expectations, but are expected to exceed our previous resource estimates. The average TREOvalues of the RC holes, especially HC23-OM044's outstanding intercept, demonstrate the potential of this project.”“These results along with the recently announced diamond drilling results provide us confidence to be able to provideshareholders with a significant upgrade to our JORC resource estimates, which is expected in Q1 2024.” QUOTE We enter the new year in very good shape to really make the US market sit up and take notice , there is so much to play out it’s an exciting time for shareholders IMO. From release this morning *
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