Beatrice City Council Approves Funds for Rare Earth Salts

The Beatrice City Council has approved requests totaling $326,800 in LB840 funds, made on behalf of Rare Earth Salts, a start-up company hoping to launch a pilot program in Beatrice next year.

In late October, Rare Earth Salts announced a joint development agreement with one of the 10 largest mining companies in the world. That company remains confidential.

As quoted in the press release:

Rare Earth Salts CEO Allen Kruse has stated the company will use new techniques to harvest rare earth elements from would-be mining waste around the world.

He claims the company can extract trace amounts of the elements, which are used in items from cell phones to televisions, from the waste.

Andrea Schafer, president of the NGage board of directors, stated:

We are doing the job that the City Council has asked us to do and we have an opportunity in front of us to bring high-wage jobs to Gage County. This is the project we have been waiting for. This isn’t something that has been considered in the past. This is a different type of project. These are much higher wages.

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