THIS IS KIND OF A BIG DEAL: US hits jackpot after finding multi-million-ton critical mineral reserve in Nevada.
The company revealed that the deposit is part of a mineral system that also contains world-class resources of lithium, potash, and boron.
As per 3PL, the deposit is reportedly five times larger than the biggest tungsten resource currently listed in the US and comes at a time when the country relies heavily on imports for the strategic metal. Its in-situ value is estimated at about USD 152 billion based on current market prices.
However, exploration across approximately 17 square miles of the project remains restricted by a NASA land withdrawal. The space agency uses the area to calibrate satellite instruments. It says mining could interfere with the facility’s operations.
That seems like a solvable problem. The tougher one might be CCP-friendly Americans lobbying to restrict mining to save the planet or whatever.