Mentioned:
The political quest for domestic rare earth elements in America continues to ramp up. And now, it’s starting to make waves in the public markets too.
What’s happening:
- Idaho Strategic Resources (NYSE: IDR) has officially announced new exploration plans to advance their flagship rare earth elements properties located in central Idaho
Why it matters:
- Idaho Strategic Resources holds one of the largest land packages for rare earth elements located in the United States of America, with more than 18,000 acres of property located nearby the historic Idaho Rare Earth Elements-Thorium Belt
Going deeper:
- Idaho Strategic Resources will advance the exploration of three of their rare earth element projects, including Lemhi Pass, Mineral Hill and Diamond Creek
- Previous sampling done at Lemhi Pass and Mineral Hill showed a significant presence of total rare earth oxides, which Idaho Strategic Resources is aiming to further validate with drone surveys and extensive soil sampling
The intrigue:
- Idaho Strategic Resources has publicly stated they are specifically scaling up their exploration plans in large part because of the new executive order signed by American president Donald Trump focused on accelerating critical minerals exploration and production in the United States
