Coal Mine in Wyoming May Contain Massive Rare Earth Element Deposit

Coal could become too valuable to burn. Randall Atkins, the CEO of Ramaco Resources, found out to his surprise earlier this year that a Wyoming coal mine he purchased for just $2 million may contain the largest unconventional deposit of rare earth elements ever discovered in the United States. A third of the Brook Mine in Sheridan alone is estimated to contain up to 1.2 million tons of rare earth oxides, according to Weir International, a mining consultancy hired by Ramaco.

To put that in perspective, the U.S. consumed about 10,000 tons of rare earth elements annually over the past decade. Rare earths are used in advanced military technology, electric vehicles and other applications. The deposits found in the coal and clay in Sheridan are potentially worth tens of billions of dollars. Potential boon Atkins told CNBC on Monday that it is logical to think rare earths could be sitting undiscovered elsewhere in the U.S. It is a potential boon for a coal industry that was long thought to be one of the biggest losers in the push to transition to renewable energ

Coal Wyoming Rare Earth Elements Deposit Mining Renewable Energy

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $2 Million Coal Mine That Might Hold a $37 Billion TreasureWyoming discovery could be America’s first new source of rare-earth elements since 1952
Source: WSJ - 🏆 98. / 63 Read more »

Canary in the coal mine: Youngkin test drives abortion messaging for Republicans nationwideVirginia's imminent legislative elections serve as a testing ground for the Republican stance on abortion post-Roe v. Wade. Republicans, led by Virginia Gov. Glenn Youngkin, support a 15-week abortion ban, countering Democratic claims of seeking an outright prohibition.
Source: WashTimes - 🏆 235. / 63 Read more »

Ramaco Resources Stock Surges on Potential $37 Billion Rare-Earth Mineral DiscoveryRamaco Resources (METC) stock surged 36.67% Thursday to $15.99 on a published report the coal mine might contain $37 billion worth of rare-earth minerals.The Sheridan, Wyo., mine could be the first new discovery of rare-earth elements in the U.S. since 1952 - and the...
Source: NEWSMAX - 🏆 16. / 71 Read more »

Wyoming vs UNLV Odds, Picks, and Predictions: Pound the Ground With AuthorityCollege football odds, picks and prediction for Wyoming Cowboys vs UNLV Rebels. Week 11 betting free pick and game analysis.
Source: Covers - 🏆 341. / 59 Read more »

Wyoming wins 104-56 over Northern New MexicoLed by Sam Griffin's 23 points, the Wyoming Cowboys defeated the Northern New Mexico Eagles 104-56 on Tuesday night. The Cowboys are now 1-0 with the victory and the Eagles dropped to 0-1.
Source: AP - 🏆 728. / 51 Read more »

Focus: Western miners seek premium pricing for rare earth metals to break China gripA handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter.
Source: Reuters - 🏆 2. / 97 Read more »