Developer of first new coal mine in Wyoming in decades plans to extract rare earth metals crucial for tech and military. Energy Secretary and Wyoming officials celebrate launch, emphasizing reducing dependence on China. Administration moves to sell federal coal leases, support rare earth production domestically. Rare earths essential for technology and military, U.S. aims to increase domestic production. Ramaco CEO plans to mine and process rare earths in Wyoming for domestic customers. Former Senator Joe Manchin joins Ramaco board. New Brook Mine offers hope for Wyoming’s coal industry amidst decline. Wyoming coal deemed essential for energy portfolios. Brook Mine development stalled by groundwater concerns, now aims to extract rare earths. Ramaco’s rare earth processing plant project to cost $533 million, could be profitable in five years. Brook Mine coal rich in rare earths and critical minerals crucial for technology and military use.

Read more at Yahoo Finance: Wyoming’s first new coal mine in decades to extract rare earths