Colorado Rare Earths announced today that initial sampling during claim staking has returned high levels of the Heavy Group Rare Earth Elements (HREE). The results, based on grab samples from the Company’s claims at Iron Hill, a.k.a. Powderhorn, and Wet Mountains locations in Colorado, were analyzed by Actlabs, www.actlabs.com, of Ontario, Canada.
A United States Geological Survey report, released in December 2010, “The Principal Rare Earth Elements Deposits of the United States,” identified the Iron Hill Complex and Wet Mountains Area as the only two rare earth elements deposits located in Colorado.
The approval of this project is particularly significant because it allows for an investigation to be made to determine the source of the existing mine drainage of some 20 gal/min
and evaluate the potential for controlling or eliminating this discharge with an underground grouting program which could avoid the need for a discharge permit.
The Colorado Mining Association and the state of Wyoming on Monday petitioned the full 10th Circuit Court of Appeals to rehear “en banc” an October decision upholding the Clinton administration’s 2001 Roadless Area Conservation Rule.
Wildcat Mining Corporation Is a Mineral and Natural Resource Exploration Company With Leased and Owned Assets in Colorado
The New York Times reports Boulder, Colorado, is steeped in climate research. The city will vote on whether to oust the utility company and establish one that is more environmentally friendly. Here, the debate is focused on electricity, specifically whether this city should, in Tuesday’s election, sever its relationship with a corporate utility and move toward a home-ruled, municipally owned one that would be environmentally greener and locally accountable.
U.S. Rep. Mike Coffman's rare earth legislation may have lit a fire under Molycorp's stock price, which rose 10.3% on Thursday trading.
Coffman, Republican congressman representing Colarado, introduced legislation on Wednesday calling for a variety of measures that would better ensure that the United States has secure access to rare earth metals.
Molycorp stock finished Thursday at $68.45. The stock's 52-week range is $12.10 to $68.79.
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.