Overview

• A groundbreaking ceremony on July 11 inaugurated a $500 million development plan to mine, process and sell rare earths at the Brook Mine in northern Wyoming.
• Fluor Corporation’s Preliminary Economic Assessment confirms economic viability with a $1.197 billion net present value at an 8% discount rate and a 38% pre-tax internal rate of return.
• The report forecasts annual production of 1,242 tons of rare earth oxides, including neodymium, dysprosium and scandium, from repurposed coal deposits.
• Energy Secretary Chris Wright, former Senator Joe Manchin and Governor Mark Gordon attended the ceremony and pledged continued federal and state support, backed by Department of Energy grants.
• The Brook Mine is projected to meet 3–5% of U.S. permanent magnet demand and advance a full domestic mine-to-magnet supply chain by 2027.