Mentioned:
CRML -11.17% USAR -17.31% METC -8.26%
The race for rare earths is sending waves through the public markets. But, is it just the beginning?
What’s happening:
- There has been a flurry of moves from publicly traded companies in North America lately focused on accelerating new discoveries of rare earth elements and magnet production from domestic sources
Why it matters:
- China’s recent restrictions around the exportation of multiple rare earth elements has dramatically accelerated the urgency for finding new significant deposits of rare earth elements outside of Asia
Who is making moves:
- Critical Metals (NASDAQ: CRML) just recently made waves with their Preliminary Economic Resource of their flagship rare earth project Tanbreez located in Greenland
- USA Rare Earth (NASDAQ: USAR) just recently commissioned their Innovation Lab at their rare earth sintered neo magnet facility located in Oklahoma
- PMT Critical Metals was just recently acquired by REalloys to accelerate their mine-to-magnet supply chain in North America
Going deeper:
- The United States government has also been making new funding commitments focused on rare earth discoveries, including a recent multi million dollar grant to Ramaco Resources (NASDAQ: METC) from the Wyoming Energy Authority
