While not publicly listed yet, Rare Earth Ridge (RER) is an exciting mining company currently crowdfunding an initial funding of CDN$ 250k. The minimum required for investing is only $100. And here is the latest video from the recent RMEC webinar where RER presented. The rare earth elements (REE) are 17 metallic commodities in the middle of the periodic table (atomic numbers 21, 39, and 57–71).

These metals have unusual yet critical fluorescent, conductive, and magnetic properties, making them very useful when alloyed or mixed in small quantities with more common metals such as iron.

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The company believes its property may hold the largest deposit of rare/critical metals and rare earths in North America. Assays of the rocks returned consistent anomalous values of gallium, hafnium, niobium, zirconium, tin, tungsten, tantalum, rubidium (700 ppm), and rare earths. Here is the development provenance for RER to date and into 2023. This company will be a big deal. The key information is the company is anticipating drilling in Q3 2022, meaning Rare Earth Ridge will generate revenue.

Major Hart REE Project Highlights

Rare Earth Ridge Resources owns 100% of the claim group acquired by staking. The crucial’s property part is named the “Knoll Area.” This area measures at least 1.0 Km by 1.0 Km with an elevation difference of 350m, representing a total rock volume of 375,000,000 m3 yielding 937,500,000 tonnes. The grade of rare earths/metals/exotics at Mt Hart is .065%. Considering the element ratios for determining the type of Granite at Mt Hart, the limited rock analysis has indicated that Mt. Hart intrusive is in the “highly differentiated Granite field” based upon the Barium, Strontium, and Rubidium triangle diagram. The consultant geologist also plotted an element ratio with rubidium and barium to determine the “location” within the chart field. This analysis resulted in the Mt Hart REE/RM intrusive plot being just above the Rare Element Pegmatite Field, which is not surprising when considering the Mt Hart intrusive is a medium to coarse-grained peralkaline biotite granite.

The project is located 90 km from Dease Lake and close to major port facilities (250 km). The access to the property is easily doable because there is road access, and many gold mines are in the area. Regarding powerplant, a hydroelectric power station is close to Dease Lake.

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Demand for clean energy minerals is projected to increase by up to 600% in the coming decades.

∑      ARE expects the global rare earth market to reach $20 billion within the next few years.

∑      President Biden has issued several executive orders directing investment and partnerships to boost the onshoring of this industry, describing US reliance on other nations as a threat to national and economic security.

∑      While most of the attention is commonly focused on the growing demand for lithium to power ever-larger batteries, these ultra-powerful magnets convert motion into electricity.

∑      The White House says China controls 87% of that market.  

REEs are used in various industrial applications, including electronics, clean energy, aerospace, automotive, and defence. Manufacturing permanent magnets are the single largest and most important end use for REEs, accounting for approximately 29% of demand.

Key facts (GoC)

• Canada has some of the largest known reserves and resources (measured and indicated) of rare earths in the world, estimated at over 14 million tonnes of rare earth oxides in 2021
• Manufacturing permanent magnets are the most extensive global use for REEs, accounting for 29% of total forecasted demand.
• China is the world’s largest producer, with an estimated 140,000 tonnes of REEs in 2020, accounting for almost 60% of global production.
• Many countries, including Canada, have rare earth resources but producing REEs requires complex separation and refining processes.

The global rare earth metals market generated $7,063.9 million in revenue in 2021, and it is expected to reach $15,473.3 million by 2030, progressing with a CAGR of 9.1% during 2021–2030. This growth will primarily be due to the increasing usage of these elements in the consumer electronics, energy, aerospace, and automobile industries.

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Advanced Uses

“Rare-earth elements (REE) are necessary components of more than 200 products across a wide range of applications, especially high-tech consumer products, such as cellular telephones, computer hard drives, electric and hybrid vehicles, and flat-screen monitors and televisions. Defence applications include electronic displays, guidance systems, lasers, and radar and sonar systems. Although the amount of REE used in a product may not be a significant part of that product by weight, value, or volume, the REE can be necessary for the device to function. For example, magnets made of REE often represent only a tiny fraction of the total weight, but without them, the spindle motors and voice coils of desktops and laptops would not be possible.

(https://www.americangeosciences.org)

Rare Earth Ridge is currently doing a private placement accessible on vested.ca to become publicly traded; Lots of news is coming from this story. And a proxy for the REE sector for a minimal cost (or more). Rare Earth Ridge has lots of potential. And given the scarcity of these critical elements, they are myriad.

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