The US government is making a big push to support domestic production of minerals and metal in order to secure stable supply chains. This is creating a new generation of mining companies that are putting boots on the ground.
In this week's On the Rock's Podcast, Emily King sits down with American Rare Earth's President of North America Marty Weems to discuss the global scramble over rare earth elements and the domestic resources the US has in its own backyard.
American Rare Earths Limited (ASX: ARR, OTCQB: ARRNF, FSE: 1BHA) made its mark as the only ASX-listed company with exposure to the US rare earths market following its acquisition of the La Paz Scandium and Rare Earths Project in August 2019.
The project has the potential to be one of the largest rare earth project in North America. The project area covers 218 federal lode mining claims over 4,503 acres. Total indicated and inferred rare earth element oxide resources are estimated to be 170,595,400 tonnes for 80,009,510 kg of REEs.
Take a listen below....
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