Why it’s on the map
Profitable gold mine funds the largest US REE land package (Lemhi Pass, Diamond Creek heavy-REE mineralization found July 2026). No dilution treadmill.
Government money & contracts
DOE Critical Material Innovation award.
Customers & commercial
n/a (exploration stage REE).
Catalysts
Drill results; gold price.
Risk
REE assets exploration-stage; valuation is gold + optionality.
Tariff durability
Self-funded optionality.