Largest Known Rare Earth Deposit Discovered in North Korea

Uranium (Nuclear Minerals) / Other Sources, RTGs, Sea Water, Thorium, Helium-3, & Fusion Research / Rare Earth Elements

Privately-held SRE Minerals on Wednesday announced the discovery in North Korea of what is believed to be the largest deposit of rare earth elements anywhere in the world. SRE also signed a joint venture agreement with the Korea Natural Resources Trading Corporation for rights to develop REE deposits at Jongju in the Democratic Peoples Republic of Korea for the next 25 years with a further renewal period of 25 years. The joint venture company known as Pacific Century Rare Earth Mineral Limited, based in the British Virgin Islands, has also been granted permission for a processing plant on site at Jongju, situated approximately 150 km north-northwest of the capital of Pyongyang.