Rare Earth Minerals20 Jul 2024 19:20
Something that was said in the RNS of 5th jan has peaked my interest for several weeks, under the heading, Rare Earth Minerals, the last sentence reads " It should be noted that the company is aware of relevant ongoing activity in this area by the United States Geological Survey (USGS ) an arm of the federal government." Why would the USGS be sniffing around next door to us in Nevada?
To my surprise easy as pie i got onto the USGS web page, boy o boy is that interesting, i suggest any one whom has a position here or is thinking of building a position should go on the USGS site click on news then click on state news. Reports dated January 24 2023, December 13 2022 and November 16 2022 are worth reading. The last one is the most interesting one, titled , Bipartisan Infastructure Law helps map critical mineral resources in Nevada and Oregan , take a good look at the map titled AOI 1, if you super impose that over our tennements it covers all of them, also that list is very interesting too. Now that list spells out what " critical minerals " are and the absence of which would " have significant consequences for the economy or national security" which is quoted in the September 26 th report also worth a read.
The US has only one mine that has these " rare earth minerals" The Mountain Pass mine 50 miles S/West of las Vegas just over the Nevada border in California, and i think its near end of life. China has 90% of global deposits of rare earth elements, minerals or metals. Now China has stopped all exports of such elements to the U.S. Therefore it looks like U. S. federal government can only source these elements from ......Nevada....
If whats been identified at M2 is on that list and is in sufficient quantities this is most definately another string to our bow.
I hope this information is useful to everyone and you find it as interesting as i have.
chisler
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