The Elements of Innovation Discovered
The Elements of Innovation Discovered
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In addition to dealing a major blow to the economy, the COVID-19 pandemic has shined a spotlight on a chink in the United States' economic and security armor – an overreliance on foreign countries for the minerals and metals that lie at the frontend of American supply chains. "The COVID-19 pandemic has shown how delicate our supply chains are and that should be a wakeup call for all of us," Senate Committee on Energy & Natural Resources Chair Lisa Murkowski, R-Alaska, said d...
A pair of Texas congressmen, Republican Lance Gooden and Democrat Vicente Gonzalez, have introduced the Reclaiming American Rare Earths Act, bipartisan legislation aimed at reducing America's dependence on China for rare earth elements and other critical minerals. The United States depends on foreign countries for more than 50% of its supply of 31 of the 35 minerals considered critical to the nation's economic wellbeing and national security, including 100% import-reliant for...
Already involved in nearly every facet of the rare earth supply chain, from mining these technology elements to manufacturing powerful REE magnets, USA Rare Earth LLC has cut a deal with Geomega Resources Inc. to recycle these metals. Under a letter of intent signed by the companies on July 15, Quebec-based Geomega would recycle rare earth-containing waste from producing neodymium-iron-boron permanent magnets at a facility New York-based USA Rare Earth is planning to build in...
Geology dictates where mineable concentrations of the metals we need for our everyday modern lives are located. It so happens that USA Rare Earth LLC and Texas Mineral Resources Corp.'s Round Top rare earths and critical minerals project is in the sunny West Texas high desert. This puts one of America's richest deposits of the rare earths that go into the powerful magnets used in wind turbines and electric vehicles smack in the middle of one of the best places in the world...
Texas Mineral Resources Corp. has added fuel to USA Rare Earth LLC's strategy to establish a complete rare earth mines-to-magnets supply chain in the United States, which is already advancing much more rapidly than either company envisioned when they formed a partnership less than two years ago. Texas Mineral Resources is an exploration company that has outlined an enormous deposit of rare earth elements, lithium and 10 other critical minerals at its Round Top project about...
With the commissioning of a pilot plant in Colorado now underway, USA Rare Earth LLC is one step closer to producing rare earth elements on American soil. Based in New York City, USA Rare Earth has set in motion a strategy to establish a completely domestic supply chain for rare earth magnets, which are essential for wind turbines, electric vehicles, smartphones, military hardware, advanced medical devices, and the physical backbone of emerging 5G networks. A key facet of...
USA Rare Earth LLC and Texas Mineral Resources Corp. May 26 reported another milestone along the path to developing a rare earths and critical minerals mine and processing facility in the United States. Texas Mineral Resources is an El Paso, Texas-based mineral exploration company targeting the heavy rare earths and other technology and industrial minerals found at Round Top, and USA Rare Earth is a New York City based company that is funding the project's development. The...
Texas Mineral Resources Corp. and USA Rare Earth LLC April 2 said the COVID-19 outbreak thus far has not held up progress on their Round Top critical minerals project in Texas and pilot heavy rare earths separation plant in Colorado. "Our first priority is to safeguard the health and well-being of our employees, partners and contractors," said Texas Mineral Resources Chairman Anthony Marchese. "Fortunately to date, the COVID-19 outbreak has had a minimal effect on our...
USA Rare Earth LLC has acquired state-of-the-art neodymium-iron-boron permanent magnet manufacturing equipment, another key piece to the company's strategy to establish a complete rare earths mines-to-magnets supply chain in the United States. New York-based USA Rare Earth has already made major headway toward this objective as the funding and development partner at Round Top, a rare earth and critical minerals project about 85 miles southeast of El Paso. According to a prelim...
Ucore Rare Metals Inc. wants to provide the Pentagon with an American source of rare earth elements, vital ingredients to a wide array of U.S. military hardware, from helmet mounted radios to laser guided missiles. While essential to national defense, the U.S. currently depends on foreign countries for 100 percent of its supply of rare earths. And more than 80 percent of these critical metals are imported from China, either directly or via secondary countries. As part of a...
American mines produced roughly 26,000 tons of rare earth during 2019, a 44 percent increase over 2018, yet the United States is 100 percent reliant on foreign countries for its supply of these 17 elements vital to our modern high-tech society. This apparent paradox speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except promethium...
Texas Mineral Resources Corp. and USA Rare Earth LLC Jan. 21 announced the Federal Permitting Improvement Steering Council's (FPISC) decision to add mining as a sector covered under Fast-41. Short for Title 41 of the Fixing America's Surface Transportation Act, Fast-41 is a 2015 initiative to improve the timeliness, predictability, and transparency of federal environmental review and authorization process for infrastructure projects in the United States. More information on...
From mines to gigafactories, it is going to take a massive and coordinated effort to scale up the entire North American lithium-ion battery supply chain at a pace that meets the growing demands of the accelerating electric vehicle revolution. "To replace more of the gasoline cars that are on the road, to benefit from the promise of electrification across all vehicle types and all consumer classes, requires the supply chain to be built out in a bigger way and faster way than...
