EnergyFederalRare Earths Processing Plant to Open on Texas Gulf Coast, Funded Entirely by Department of Defense
Though Texas is flush with rare earths, the minerals themselves will come from the company’s mine in Australia.
Though Texas is flush with rare earths, the minerals themselves will come from the company’s mine in Australia.
One of the largest deposits of rare-earth elements discovered in the Lone Star State now sits beneath a lake.
Located in West Texas, Round Top Mountain is one of the largest deposits of rare earth minerals in the country.
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The Department of Defense and Lynas Rare Earths Ltd. will each contribute $30 million to establish a rare earths processing facility in Texas.
The legislation would provide tax incentives for the U.S. mining of rare earth materials, used to produce goods like smartphones and defense systems.
A Texas-based chemical company has announced a plan to become one of the first facilities outside of China to process rare-earth minerals.