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Major Uranium, Rare Earth Deposit ‘Rediscovered’ in California

The date of: 2020-02-13
viewed: 1

source:The Epoch Times-

A massive critical mineral deposit in San Bernardino County, Calif., could yield $2.5 billion in uranium alone, enough to supply the nation’s needs for the next 16 years, say the miners who own the claims.

Aside from uranium, the deposit is rich in 14 other critical minerals—including many rare earth elements (REEs)—said Ron Kliewer, one of five miners who own Sundown Resources, a privately held California-based company.

These minerals and REEs are needed to build military weapons and defense systems as well as to develop many other high-tech products on the commercial market. They are used in everything from smart phones to computers to missile guidance systems.

President Donald Trump’s 2021 proposed budget, released Feb. 10, calls for uranium purchases of $150 million, an amount miners expect Trump to extend to $1.5 billion over the next decade. The idea is to make the U.S. nuclear energy industry independent of imported uranium from Russia and other countries.

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