u.s. rare earths inc (UREE) Details

U.S. Rare Earths, Inc. operates as a mineral exploration, mining, and claims acquisition company. It holds approximately 12,000 acres of mining claims for rare-earth elements in Colorado, Idaho, and Montana. The company’s claims in Colorado include the Powderhorn property in Gunnison County, and Wet Mountain property in Fremont and Custer Counties. Its additional claims comprise the Lemhi Pass property in Lemhi County, Idaho and Beaverhead County, Montana; Diamond Creek and North Fork properties in Lemhi County, Idaho; and the Sheep Creek property in Ravalli County, Montana. The rare earth elements are used in various applications, including clean-energy technologies, such as hybrid cars and electric vehicles; high-technology applications comprising cell phones and digital music players, microphones, fiber optics, lasers, and hard disk drives used in computers; and defense applications consisting of global positioning systems, radar, and sonar, as well as water treatment applications for industrial, military, homeland security, and domestic and foreign aid use. The company was formerly known as Colorado Rare Earths, Inc. U.S. Rare Earths, Inc. is based in Lonoke, Arkansas.

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