Ionic Mineral Technologies (IMT) from Utah announced the discovery of a massive rare earth and other critical metals deposit, which it may be "one of the largest deposits in North America" to date.
Last week, IMT revealed that analysis of samples from the Silicon Ridge project in Utah indicates this is a halloysite-controlled ion-adsorption type deposit. Resources in such deposits are easier to extract compared to conventional "hard-rock" lithium ore.
The company also stated that over 70% of the world's heavy rare earth resources come from ion-adsorption type rare earth deposits. Furthermore, this deposit is not only rich in rare earth resources but also contains various critical metals such as gallium, germanium, rubidium, cesium, scandium, lithium, vanadium, tungsten, and niobium.


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