Rare Earths Americas(REA) has officially launched operations in the United States and Brazil. The announcement comes after completing a A$25 million private financing round.
Rare earth supply between the United States and Brazil
In the United States, the Foothills project is emerging as a significant deposit with concentrations of up to 41.3% total rare earth oxides(TREO), especially rich in heavy elements. This operation is located on private land and has favorable logistical infrastructure and access to low-cost power.
[post_relacionado]However, in Brazil, REA is moving forward with the Alpha and Constellation projects, which have more than 1 billion tons of rare earths. rare earths high grade ionic clay. These deposits include elements such as dysprosium and terbium, essential for the manufacture of high-performance permanent magnets. In addition, the Homer project is targeting the discovery of new resources, including niobium, in an internationally recognized mining region.
Donald Swartz, CEO of the company, mentioned that the goal is to ensure stable, long-term access to indispensable materials for sectors such as energy, robotics and defense. “We are aligned with the urgency of strengthening the West’s industrial capabilities,” he said.
The company has secured capital for its first operations, and has assembled a team with proven expertise in mineral exploration, international logistics and critical materials development. This integration of financial and human resources allows it to move with agility into strategic territories for the global supply of rare earths.
Source and photo: Rare Earth Americas