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US Rare Earths Inc. (OTCQB:UREE) announced yesterday that the US Forest Service has given it approval to access a stockpile that is on “USRE-held mining claims, which are part of the company’s ongoing exploration efforts at the Last Chance prospect claims in the Lemhi Pass region of Idaho and Montana.”
US Rare Earths Inc. (OTCQB:UREE) announced yesterday that the US Forest Service has given it approval to access a stockpile that is on “USRE-held mining claims, which are part of the company’s ongoing exploration efforts at the Last Chance prospect claims in the Lemhi Pass region of Idaho and Montana.”
As quoted in the press release:
The company believes this stockpile contains at least 10 to 12 tons of highly concentrated rare earths enriched material.
The company also said that for purposes of exploration, it plans to reopen existing adits, horizontal tunnels extending underground more than 400 meters or 1,300 feet which are known to intersect one of the largest identified mineralized veins of heavy and critical rare earths located within the continentalUnited States. The company believes that it would be the first company to proceed with rare earth underground exploration and sampling in the continentalUnited States.
Click here to read the full US Rare Earths Inc. (OTCQB:UREE) press release.