U.S. Rare Earths holds keys to technology
U.S. Rare Earths is a company that “holds the only known U.S. deposit of heavy rare earths with a concentration worth mining, according to a recent report by the U.S. Geological Survey,” says Fox News. So what does it all mean? Rare earths are used in all types of developing technology, such as hybrid cars, wind turbines, computer hard drives and cell phones.
U.S. Rare Earths and technology
Scientists have predicted that the world faces a rare earths shortage, but U.S. Rare Earths could prevent technological innovation in this country from being crippled. In the past, the U.S. has gotten most of its rare earth minerals from China. Now it is up to U.S. Rare Earths to develop its heavy rare earth mineral deposits.
Naturally, U.S. Rare Earths stock is a hot commodity as investors realize the potential for this company to make a killing. Some investors are probably getting fast cash loans as we speak to make sure they buy in to U.S. Rare Earths before the price per share skyrockets and even the biggest payday loans out there won’t cover the cost.
Details on U.S. Rare Earths
Scientists’ predictions say the rare earths shortage will hit in about 10 years. Jim Hedrick, a former USGS rare earth specialist, says some developers are already experiencing a shortage. U.S. Rare Earths owns land rich with heavy mineral deposits on Lehmi Pass, which is on the border between Idaho and Montana. U.S. Rare Earths also owns mineral deposits in Diamond Creek, Idaho. On the periodic table of elements, heavy rare earth are the minerals ranging from terbium to lutetium.
U.S. Rare Earths’ founders started the company 15 years ago with the Lehmi Pass deposits. At the time, they were only interested in the concentration of thorium, which provides an alternative to nuclear fuel. After 15 years and countless technological innovations, U.S. Rare Earths finds itself in the position of owning the only known rare earth deposits in the country. For the time being, U.S. Rare Earths is concentrating on mining the Diamond Creek land in Idaho because it is closer to civilization and thus more “mining friendly.”