Terbium and dysprosium are two heavy rare earths that are critical for our latest defense technologies and all of this supply currently comes from China. This lack of a secure source is putting our national security and our latest technologies at risk for a supply shortfall.
Heavy rare earth prices have started bouncing higher for these minerals since late November. Increasing tensions with China and The West over natural gas in the South China Seas could continue to support higher heavy rare earth prices.
Senator Murkowski from Alaska now heads the U.S. Senate Committee on Natural Resources and Energy. She is well aware of this supply issue and has supported legislation aimed at securing a domestic supply of these heavy rare earths and has voiced her support for Ucore Bokan Project numerous times.
The most advanced and highest grade heavy rare earth asset in the U.S. is located near Ketchikan, Alaska and is owned by Ucore Rare Metals, who is advancing a bankable feasibility study on Bokan Mountain in Southeast Alaska. Remember the Alaska Development Agency has pledged to finance the infrastructure costs on the project providing great financial support to an emerging producer.
Ucore just released infill drilling results along with five holes to test for mineralization at greater depth. All five drill results hit results at an average 100 meters below previous drill intersections. There is the potential for a major increase in size and mine life of this project.
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Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-