Tuesday, September 6, 2022

Nebraska May Play Big Role In Search For 'Rare Earths'


(AP Photo)

The U.S. faces numerous national security threats today. Among them is our dependence on foreign nations for what is known as "rare earth elements." 

Rare earths are minerals that are essential to the production of military weapons systems, consumer electronics, and countless other advanced technologies. 

Right now, China is the dominant global supplier of rare earths. The communist nation is even mining rare earth minerals in other continents, primarily Africa. 

To meet the security challenges posed by China's control of rare earths, the U.S. must produce these minerals domestically, when possible. 

Nebraska could play a major role in conquering this challenge.

As reported by News Channel Nebraska, NioCorp has begun testing of rare earths extracted from Johnson County. NioCorp says it is developing North America’s only niobium / scandium / titanium advanced materials manufacturing facility co-located with an underground mine. 

Niobium is critical for production of super alloys, which make steel and aluminum stronger for use in military equipment. Scandium has important uses in fuel cells, as well as in ultra-high-performance aluminum alloys. And both are considered among the 50 minerals critical to U.S. security.

Titanium, of course, has the highest strength-to-density ratio of any metallic element.

If NioCorp can extract and separate rare earth elements from ore that it mines from the Nebraska project site -- and do so in a way that is technically and economically feasible -- Nebraska will be on the rare earths map. For now, it’s not clear yet whether there’s enough to be commercially viable.

Because many investors anticipate strong returns from rare earth mining companies, many locals have or are considering investing in the company. Nearly half of NioCorp’s 6,400 shareholders live in Nebraska not far from the project. 

The proposal has received the key state and federal environmental permits it would need, according to the AP.

Stay tuned for this developing story from southeast Nebraska.

1 comment:

  1. good to see dave ramsey is doing some rare earth mining these days

    ReplyDelete

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