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Baystreet.ca - The U.S. is Being Forced to Secure Rare Earth Outside of China

The U.S. is Being Forced to Secure Rare Earth Outside of China
The world is in desperate need for rare earth supply outside of China. Not only is the U.S. trying to new supply, Europe is in desperate need, too. In fact, according to the South China Morning Post, “In a speech touting the bloc’s ‘industry strategy’ this week, European Commission President Ursula von der Leyen pointed to the scarcity of raw materials needed to power the switch to electric vehicles and green energy sources, much of which are buried in China.”
“We import lithium for electric cars, platinum to produce clean hydrogen, silicon metal for solar panels,” she added. “Ninety-eight per cent of the rare earth elements we need come from a single supplier: China. This is not sustainable. So we must diversify our supply chains.” ....

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Texas Mineral Resources Announces Encouraging Preliminary Geophysical Analysis of Silver Samples from Black Hawk Mining District in New Mexico

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“These results, which indicate that the mineralized vein at Alhambra may be 14 times more responsive than the surrounding wall rock, bode well for the successful application of geophysics for detecting the types of ore-shoots characteristic of these veins,” commented Dan Gorski, CEO. “Based upon this preliminary analysis, we are moving forward with the field survey Phase One of the multi-phase exploration program announced by TMRC in November 2020. The multi-phase program is designed to reduce discovery risk by allocating relatively modest resources while basing further commitments on results of preceding phases. Phase One work will begin pending scheduling of the geophysical contractor -anticipated to be late March 2021.” ....

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