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Much of today’s high tech, for computer, automobile, communications and military applications, requires ingredients called rare earth minerals.

They are not widely available and China, with an estimated 44 million metric tons of resources, has been the source for some 95% of those components used around the world.

That makes the U.S. dependent on an unfriendly Communist regime for significant advances in its technology.

But that could be changing, as a report in the Daily Mail reveals that a mining company has announced the discovery of “more than 2.34 billion metric tons” in Wyoming.

“American Rare Earths Inc announced that the reserves near Wheatland dramatically surpass the Asian nation’s 44 million metric tons, saying it ‘exceeded our wildest dreams’ after drilling only about 25 percent of the property,” the report said.

[Source.](https://thelibertydaily.com/massive-discovery-rare-earths-wyoming-could-break-americas/) > Much of today’s high tech, for computer, automobile, communications and military applications, requires ingredients called rare earth minerals. > They are not widely available and China, with an estimated 44 million metric tons of resources, has been the source for some 95% of those components used around the world. > That makes the U.S. dependent on an unfriendly Communist regime for significant advances in its technology. > But that could be changing, as a report in the Daily Mail reveals that a mining company has announced the discovery of “more than 2.34 billion metric tons” in Wyoming. > “American Rare Earths Inc announced that the reserves near Wheatland dramatically surpass the Asian nation’s 44 million metric tons, saying it ‘exceeded our wildest dreams’ after drilling only about 25 percent of the property,” the report said.

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[–] • 1 pt

2 billion tons is a lot of dirt. They describe this as "resource," which means that these are not yet defined as material that can be mined at a profit. Keep watching and they will begin to talk about "reserves" and then "proven reserves."

So far, it's just talk. Once you announce proven reserves then you are making a commitment to perform financially. This is where the smoke becomes a tradable asset.

Proven/Probable/Possible Measured/Indicated/Inferred These are terms of art that describe the certainly of discovery and willingness to commit yourself to civil and criminal penalty for not being correct and truthful.

At this point they are either developing buzz or going to attract partners to help define the quantity and quality of reserve material.

[–] • 0 pt

So far, it's just talk. Once you announce proven reserves then you are making a commitment to perform financially. This is where the smoke becomes a tradable asset.

Indeed. We'll see how this develops.