en.Wedoany.com Reported - A rare earth extraction project led by the Colorado School of Mines has entered the financing negotiation phase with the U.S. Department of Energy. The project has a total investment of $134 million, with approximately $67 million allocated to support the construction of a demonstration facility, aiming to reduce U.S. dependence on foreign rare earth resources and strengthen the resilience of the domestic critical supply chain.

The demonstration facility will be built near an alumina plant in Gramercy, Louisiana, and is planned to recover rare earth elements from bauxite waste—known as "red mud"—which will then be separated into rare earth oxides and processed into rare earth metals. This initiative helps enhance the security and sustainability of the U.S. critical metals and minerals supply chain.

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