Preparing our Supply Chain for Tomorrow
Round Top Mine
USA Rare Earth is earning and acquiring an 80% operating joint venture interest in, and is the operator of The Round Top Heavy Rare Earth and Critical Minerals Project located in Hudspeth County, West Texas from Texas Mineral Resources Corp. (TMRC: 0TCQB). Round Top hosts a wide range of critical heavy rare earth elements, high-tech metals, including lithium, zirconium, hafnium, and beryllium. Based on the Preliminary Economic Assessment (dated August 16, 2019) a projected pre-tax net present value using a 10% discount rate of $1.56 Billion based on a 20-year mine that is only 13% of the identified measured resources.
The PEA estimates an internal rate of return of 70% and an average annual net revenue of $395 million a year after average royalties of $26 million a year payable to the State of Texas. Based on the cost estimates set, Round Top would be one of the lowest-cost rare earth and lithium producers in the world. The Round Top Deposit hosts sixteen of the seventeen rare earth elements, in addition to high-value tech minerals. Located in West Texas, Round Top is well located to serve the U.S. internal demand. In excess of 60% of materials at Round Top and 80% of the revenue from Round Top will be used directly in green or renewable energy technologies.
Processing – Metals – Magnets
Round Top contains thirteen of the thirty-five minerals deemed “critical” by the Department of the Interior. These critical minerals are essential components to both the nation’s industry and national defense. USA Rare Earth has also opened a Rare Earth processing facility in Wheat Ridge, Colorado along with acquiring the Neodymium Iron Boron permanent magnet manufacturing equipment formerly owned and operated by Hitachi Metals America, Ltd.
USA Rare Earth
Phone : +1 212-739-0468 Email: [email protected]