What's Happening?
Lodestar Minerals has acquired Arizona Mountain Passage Heavy Rare Earths, gaining access to the Virgin Mountain Heavy Rare Earth Project in Arizona. The acquisition involves issuing shares and options,
along with cash payments, to secure the project, which is rich in rare earth elements.
Why It's Important?
This acquisition positions Lodestar Minerals strategically within the rare earth elements market, crucial for technology and defense industries. The project could enhance the U.S.'s supply chain resilience for critical minerals, reducing dependency on foreign sources.
