The Elements of Innovation Discovered
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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...
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...