Recent Study Indicates Favorable Rare Earth Elements Mix at Lemhi Pass
Abundant Concentrations of Magnet and Heavy REEs Relative to Many Current and Proposed REE Mines Globally
COEUR D’ALENE, ID / ACCESSWIRE / November 13, 2024 / Idaho Strategic Resources, Inc. (NYSE American:IDR) (“IDR” or the “Company”) is pleased to provide an update on its extensive Idaho-based rare earth elements (REE) landholdings, including its plans for the 2025 REE exploration field season focusing on the Company’s Lemhi Pass project. To recap, on November 15th, 2023 IDR announced impressive results from analysis of sampling at two prospects within its Lemhi Pass project ( Idaho Strategic’s Lemhi Trenching Returns Up to 5% Total Rare Earths – Including Magnet REE Concentrations in Excess of 70% ).
The Lemhi Pass project has shown abundant concentrations of magnet and heavy rare earth elements, making it a promising location for future mining operations. The latest study indicates that the mix of rare earth elements at Lemhi Pass is favorable compared to many current and proposed REE mines worldwide.
Impact on Me
As a consumer, the favorable rare earth elements mix at Lemhi Pass could potentially lead to a more sustainable and reliable supply of these critical metals. This could have a positive impact on the availability and cost of various technologies that rely on rare earth elements, such as electronics and green energy solutions.
Impact on the World
The abundance of magnet and heavy rare earth elements at Lemhi Pass could have a significant impact on the global rare earth market. With many countries looking to diversify their rare earth supply chains and reduce reliance on a few dominant producers, the Lemhi Pass project could play a key role in meeting the growing demand for these critical metals.
Conclusion
The recent study indicating a favorable rare earth elements mix at Lemhi Pass is a promising development for Idaho Strategic Resources, Inc. and the rare earth industry as a whole. With abundant concentrations of magnet and heavy REEs relative to many current and proposed mines globally, Lemhi Pass has the potential to become a significant player in the rare earth market, benefiting both consumers and the world economy.
