CRITICAL METALS IN WYOMING

Wyoming has a long history of mineral extraction (coal, oil, gas) and is leveraging this experience to pivot toward high-value, tech-critical minerals, with several projects projected to be operational or entering pre-feasibility stages in 2025–2030.  The feasibility of mining and processing critical minerals and rare earth elements (REEs) in Wyoming is appears promising with the state actively positioning itself as a major domestic supplier to reduce reliance on foreign imports. Wyoming holds significant, economically viable deposits of rare earth elements, uranium, vanadium, and titanium.  In the NE part of the state called the "Powder River Basin (PRB)"  ICM believes there are mines that can be developed.  We have looked at oil well log data extensively in this basin as I have drilled a 100's of Horizontal and vertical wells.   Prior to Ramaco's  aanoucement disclosing their plans to develop REM in the PRB.  At that time we determined there are 6 REM that can be mined and required further studies.