Niocorp Developments Ltd (NB)

[The_Gman]

Wyoming is a long way off...Part 2

Wyoming Rare Earths Project Near Upton Could Be Richer Than Estimated
Rare Element Resources, scheduled to complete a rare earth minerals demonstration plant in Upton in northeast Wyoming this summer, could have richer deposits of minerals than estimated, but could need more money to finish.
Pat Maio
March 05, 2024

Rare Element Resources Ltd. is set to complete a rare earth minerals demonstration factory in Upton, Wyoming, this summer

“We’ve tried to evaluate the resources where we’d get the biggest bang for the buck," Berg said.

The analysis focused on the key magnet materials of neodymium, praseodymium, terbium and dysprosium, as well as other critical rare earths such as lanthanum.

Rare earth minerals are used in magnet materials required for everything from powering electric vehicles and wind turbines to military applications to ensure short takeoffs and landings of jets from an aircraft carrier’s deck, and aircraft powered by magnet motors.

Hurdles Remain
Rare Element Resources must still overcome potential hurdles.

The company put on pause the environmental assessment of its mining operation back in 2016 with the U.S. Forest Service. Those plans will get jumpstarted after the demonstration plant proves its new technology, Berg said.

Getting a permit with the federal forestry service could take a few years, as could permits from other entities, like from Wyoming, he said.

https://cowboystatedaily.com/2024/03/05/wyoming-rare-earths-project-could-be-richer-than-estimated-but-costlier/