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WHAT ARE RARE EARTH/STRATEGIC METALS? HOW ARE THEY USED? Rare earth/strategic metals are industrial metals that are typically mined as by-products in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract.
The best plan for ensuring the future security of America’s Rare Earth Dependent Technologies is developing a strong domestic Rare Earth industry based on the responsible use of our own strategic reserves. Fortunately, the U.S. has one of the world’s largest and richest Rare Earth deposits at Molycorp Minerals’ facility in Mountain Pass, California.
Rare Element Resources Ltd (RES: TSX.V) is a publicly traded company having 100% interest in the Bear Lodge property, which contains one of the largest disseminated rare-earth deposits in North America