MineralRite Corp (RITE)

[JohnnyRothrock]

Yes! Biden Admin highlights Rare Earth metals as being strategic for U.S. security.....just as USGS and Pentagon have been saying: making this mere cheap penny stock, whose CEO recently said they have stockpiles of Rare Eath in Utah and Nevada......a stock to watch in 2021; easy to buy and hold for me here:


Biden-ordered review of supply chain to include electric car batteries, medical supplies and rare earth metals


Jenna McLaughlin·National Security and Investigations Reporter
Wed, February 17, 2021, 10:26 AM

“Specifically, Biden is directing the executive branch to take a closer look at the semiconductor manufacturing industry; high-capacity batteries, including those used for electric cars; rare earth materials; and medical supplies. China is a strong competitor in these sectors. For example, in the past decade, China accounted for more than 90 percent of production and supply of rare earth elements used in products ranging from iPhones to lasers, according to a 2017 U.S. Geological Survey.

A source familiar with the issue, Mark Esper, who served as secretary of defense under Trump, named the production of rare earth elements the No. 1 priority of the industrial base prior to the pandemic, and it appears the Biden administration is continuing those efforts.

The national security priorities, I don’t think, have changed,” the source noted. “It’s kind of a reckoning.”


https://www.yahoo.com/news/biden-ordered-review-of-supply-chain-to-include-electric-car-batteries-medical-supplies-and-rare-earth-metals-152610673.html