USA Rare Earth
Round Top Mountain Project, Texas
The Round Top Mountain, hosts a large range of critical Rare Earth Elements including Lithium, High-Tech metals, Uranium and Beryllium – elements required by the United States; both for national defense and industry.
The Round Top located in Texas hosts a large range of critical heavy rare earth elements, high-tech metals, including lithium, uranium and beryllium and industrial materials, and is among the lowest-cost rare earth projects in the world.
Round Top Deposit has a 130-year mine-life, hosts 16 of the 17 rare earth elements, plus other high-value tech minerals and is well located to serve the US internal demand. In excess of 60% of materials at Round Top will be used directly in green or renewable energy technologies. Round Top contains 13 of the 35 minerals deemed “critical” by the Department of the Interior and contains critical elements required by the United States; both for national defense and industry.
The August 2019 Preliminary Economic Assessment (PEA) on the Round Top project projects a pre-tax 10% net present value (NPV) of $ 1.56 billion, which accounts for only 13% of the defined resource. The estimated internal rate of return (IRR) for the project is 70%. Estimated annual pre-tax revenues are $375.4 million.
Project hosts a large range of critical Rare Earth Elements, Lithium, High-Tech metals, Uranium and Beryllium
Among the lowest-cost Rare Earth projects in the world
Round Top contains critical elements required by the United States; both for national defense and industry
Excellent location in a mining friendly jurisdiction (Texas, USA) with rail, roads and power near by
Significant resource – first pit planned for 20 years represents only around a quarter of the initial resource
Simple geology – Rhyolites with relatively consistent minerals grade
- 85 miles east of El Paso, TX
- Low population density and little vegetation
- Private and Texas GLO land
- Rail, road, power, water
- Approximately 1,250 feet high and 1 mile in diameter
- 364 million tonnes measured & indicated resources
- Rhyolite cap is almost continuously mineralized.
- Amenable to heap leach extraction
- State of Texas permitting
Planning For The Future Of Our Beautiful Nation
The USA Rare Earth Round Top Project provides much-needed Rare Earth materials to fuel United States Defence and consumer electronics industries.
The USA Rare Earth Management Team
Chief Executive Officer
As an Executive Officer in the Mining & Resource sector since 2002, Pini has successfully identified and acquired several significant mining projects in the United States, Canada, Australia, China and Latin America. His responsibilities have included executive duties, as well as operational ones. Including; fund-raising, liaising with Government officials, shareholder and investor, the implementation and upkeep of Social Economics Programs with the Indigenous groups in surrounding areas and compliance with securities regulations.
Director Of Operations
Dan was responsible for securing the Round Top deposit from the Texas General Land Office, and has conducted work on the project since 2007, spending ~$20m to drill it out and secure the publication of the 2013 PEA. He received an MA in Geology from the University of Texas, Austin, in 1970, and his storied career in the Mining Industry dates back to that time.
Member, Advisory Board
An expert on critical minerals and well-known writer on geopolitics and resources. Dan has consulted to the Institute for Defense Analyses, which supports the Department of Defense’s National Stockpile reporting and heads the non-partisan American Resources Policy Network. Prior to establishing his private-sector advisory practice, Dan served as Special Assistant to the President and as presidential appointee to two Secretaries of Defense. He was one of three resource professionals interviewed in 60 Minutes’ “Modern Life’s Devices Under China’s Grip,” and has provided testimony on critical minerals issues in the U.S. Senate and House of Representatives.
Chief Financial officer
Douglas has more than 35 years experience in mine evaluation, finance and corporate management. Most recently he was CFO of PolyMet Mining Corp., a Canadian company developing a large copper-nickel project in Minnesota, where he secured more than $300 million in financing, established and maintained a strategic relationship with Glencore plc. He was responsible for maintaining compliance with securities regulations. He has extensive experience around the world including South America, Africa, Australasia, and Europe as well as the U.S. and Canada.
Chief Technology Advisor
Mike is an experienced mining and chemical industry executive and Chemical Engineer, with 30 years operating and project development experience across mining and refining operations, project development, operational leadership, research and technology. He has occupied numerous positions with Lynas Corporation, including Chief Technology Officer, leading the technical development of the Mt Weld Rare Earths Project that reached full production rates in March 2017.
2019 & 2020 USA Rare Earth Press Releases
USA Rare Earth and Australian Rare Earth Company Arafura Resources Enters Into Strategic Relationship
Australian Heavy Rare Earth Concentrate Will be Processed at USA Rare Earth and Texas Mineral Resources’ New Colorado Pilot Plant
General Paul J. Kern Joins USA Rare Earth Board of Directors
Decorated Officer Led Army Materiel Command, Serves on DoD’s Defense Science Board
USA Rare Earth Acquires U.S. Rare Earth Permanent Magnet Manufacturing Capability
Adds Critical Component to USA Rare Earth’s Domestic U.S. “Mine to Magnet” Strategy.
USA Rare Earth and TMRC Commend Federal Permitting Improvement Steering Council (FPISC) Decision to Add Mining as a “Covered Sector”
In excess of 60% of Round Top Materials Have Clean Green Energy Applicability
USA Rare Earth and Texas Mineral Resources Corp Announce Opening of First Heavy and Light Rare Earths Processing Facility Outside of China
USA Rare Earth CEO: Colorado Rare Earth and Critical Mineral Pilot Processing Facility “a Major Step in Developing a U.S. Critical Mineral Supply Chain” Mining REE and Processing the REE Oxides “Without the Materials Ever Leaving the United States”
2019 PEA Press Release
Texas Mineral Resources and USA Rare Earth Report Significantly Upgraded Resource and Confirm Prior Potential Economics in Updated Round Top Preliminary Economic Assessment.
Navajo Transitional Energy Company Invests in USA Rare Earth LLC and its Development of the Round Top Rare Earth.
Texas Mineral Resources and JV Partner USA Rare Earth Advance Round Top Rare Earth Project.
TMRC Secures Development and Funding Partner for Round Top Rare Earth Project
Support for Round Top
“Rare earths are critical elements used across many of the major weapons systems the U.S. relies on for national security, including lasers, radar, sonar, night vision systems, missile guidance, jet engines, and even alloys for armored vehicles. A 2016 study by the Department of Commerce’s Bureau of Industry and Security reported that 66% of respondents, the majority of whom are vendors to DoD, indicated they imported rare earth or related materials.
“China has strategically flooded the global market with rare earths at subsidized prices, driven out competitors, and deterred new market entrants. When China needs to flex its soft power muscles by embargoing rare earths, it does not hesitate, as Japan learned in a 2010 maritime dispute.”
Defense Logistics Agency Contract Branch of Department of Defense Produced rare earth oxides to 99.999% purity at bench scale from Round Top.
Department of Energy Contract Team including Penn State University and Inventure Renewables awarded contract to extract rare earths Produced highly purified rare earth oxides from Round Top
White House Council on Environmental Quality Governor of Texas recommended Round Top to the Federal Permitting Improvement Steering Council (FPISC) as a “High Priority Infrastructure Project”
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USA Rare Earth
315 West 36th Street, 4th Floor,
New York, NY 10018
Phone: +1 212.739.0468