Ramaco Resources, REalloys ink offtake MoU for rare earths carbonate from Brook mine
- •This really reinforces my conviction that this sector has huge growth potential.
- •What are your thoughts on this?
- •Does anyone here have direct experience with Ramaco or REalloys, or with investing in the rare earths space in general?
Hey everyone, just read this super interesting article about Ramaco Resources and REalloys signing an offtake MoU for rare earths carbonate from the Brook mine in Wyoming: https://www.mining.com/ramaco-resources-realloys-ink-offtake-mou-for-rare-earths-carbonate-from-brook-mine/
My first thought was, finally, some serious movement on domestic rare earth production! We all know how critical these elements are for everything from EVs to defense, and relying so heavily on overseas sources has always made me a bit uneasy as an investor. The article mentions it's believed to be the nation’s largest unconventional deposit of rare earths from coal and carbonaceous ore – that's a game-changer if they can scale this efficiently. I've been eyeing companies involved in critical minerals for a while, especially for my kids' future portfolios (and, let's be honest, my own retirement!). This really reinforces my conviction that this sector has huge growth potential.
What are your thoughts on this? Does anyone here have direct experience with Ramaco or REalloys, or with investing in the rare earths space in general? I'm always looking for different perspectives. On a side note, with all the discussions about diversifying and protecting long-term wealth, I've been spending some time researching precious metals lately. For anyone considering that route for retirement planning, I actually found a pretty useful tool for a Gold IRA blueprint recently that simplifies things quite a bit: https://retire.goldirablueprint.com/?forum. Just thought I'd share, it might be helpful for some of you looking into different retirement hedges. But back to rare earths – let me know what you think!