Rare earth elements (REEs) play a key role in a wide range of technologies from hardware, wind turbines,
electric vehicles, and F-35 fighter jets.
It is vital that the reliance on China comes to an end and we build a supply chain in the Western Hemisphere!
The Electric Vehicle boom is expected to boost demand for valuable rare earths that are used in magnets for electric motors.
According to Markets and Markets, electric vehicles are projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019!
An increasing shift towards clean energy will also rely heavily on REEs.
As the climate change crisis worsens, more politicians are starting to underscore the importance of transitioning to clean energy.
We will need a secure source for these elements!
China's Bayan Obo mine is the world's biggest rare earth element (REE) mine both by recoverable reserves and production.
DFMTF's Wicheeda deposit could replace some of that production for North American consumption.
Agora Financial's Byron King has recently identified Wicheeda/DEFN as one of the HIGHEST GRADE deposits of rare earth elements in all of North America!
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