Western Rare Earths (WRE) is beginning development of Critical Minerals mining projects in Arizona and Wyoming. Critical Minerals are just that—critical—especially for technology companies recently targeted to be cut off from their Chinese supply chain. The same is true for Green Tech industries; electric vehicles, wind turbines and fuel cells all require Critical Minerals. The most critical may be those in the Rare Earths Elements (REE) supply chain. WRE’s parent company, American Rare Earths Limited (traded on the ASX as ARR), is looking to collaborate with US investors in support of WRE’s efforts to deliver inputs for a reduced carbon future and less dependence on China. Notably, just to meet the production projections of electric vehicle manufacturers, the REE mining industry must double production by 2030.
WRE CEO, Marty Weems, considers it most advantageous that Joe Biden is emerging as the winner of the US Presidential election. Mr. Biden has put forth a $2T USD Clean Energy Spending Plan and has signaled support for domestic REE and Critical Minerals mining as recently as two weeks prior to the election which echoes his party’s position on addressing the Climate Crisis and boosting Critical Minerals production.
Today WRE published a JORC 2012 compliant Technical Report on its La Paz Rare Earth (LPRE) project in Arizona. In the report, recently-appointed Chief Technical Consultant, Mr. Jim Guilinger, a leading Critical Minerals exploration expert, has provided new insights to the LPRE project.
Highlights of today’s announcements include:
Marty Weems, CEO of Western Rare Earths, comments “We are energized to develop the La Paz Project further, along with our Wyoming project. We continue good progress with an upcoming drilling campaign and several high efficiency processing paths to explore under the guidance of world-class technical experts. There is plenty of work to do and high priority opportunities upon which we are laser focused to execute. We are honored and humbled to have the opportunity to collaborate with the prestigious Lawrence Livermore National Laboratory on their TCF funding application to the DOE.”
American Rare Earths Limited | https://americanrareearths.com.au