The Coal Trader

Ramaco’s Atkins on CNBC discuses REEs

Randall Atkins, CEO of Ramaco Resources, discusses the discovery of rare earth elements in a coal mine bought in 2011. The mine, located in Wyoming, is estimated to be worth $37 billion due to the presence of rare earth elements such as neodymium, praseodymium, and dysprosium. This discovery could contribute to reducing U.S. dependence on imports, especially from China, for rare earth elements. The U.S. government has expressed interest in establishing domestic supplies of rare earth elements and has announced plans to invest $32 million in domestic projects.