Idaho Strategic's Lemhi Trenching Returns Up To 5% Total Rare Earths - Including Magnet REE Concentrations In Excess Of 70%
Portfolio Pulse from Benzinga Newsdesk
Idaho Strategic Resources, Inc. reported trenching results from its Lemhi Pass project, revealing up to 5% total rare earth elements (REEs), with concentrations of magnet REEs exceeding 70%. These findings underscore the project's potential for significant REE deposits, which are critical for various high-tech and green energy applications.
November 15, 2023 | 12:12 pm
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Idaho Strategic Resources, Inc. has announced positive trenching results from its Lemhi Pass project, indicating high concentrations of rare earth elements, which are vital for technology and renewable energy industries.
The announcement of high-grade rare earth elements at the Lemhi Pass project is likely to be viewed positively by investors, as these materials are in high demand for various industries. The significant concentration of magnet REEs, which are essential for electronics and green technologies, further enhances the project's appeal. This news could lead to increased investor interest and a potential rise in IDR's stock price in the short term.
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