ETRUSCUS ADVANCES LARGE-SCALE RARE EARTH TARGET
Highlights
- On
April 4 th 2025, theGovernment of China announced significant export restrictions on 7 heavy REEs used extensively across multiple industries including defense, automotive, and green energy. The Hendrix target contains enriched levels of all 7 elements. - High-value REEs identified at Hendrix include dysprosium and neodymium, both essential components in permanent magnets used to power electric motors.
- Additional assays revealed elevated concentrations of niobium, beryllium, and gallium, all defined as critical minerals by the Canadian and US governments, further boosting the value of this target.
-
USA Rare Earth Inc , the 80% owner of the geologically-similar Round Top REE Deposit, recently listed on the Nasdaq with a~$1B USD market cap, demonstrating the market's appetite for REE producers. - The
Saskatchewan Research Council has begun producingNorth America's only domestic supply of rare earth magnet metals. Backed by over$15 million in Canadian government grants, this highlights the federal commitment to developing a domestic REE supply chain. - Thin section analysis of 9 samples from Hendrix, confirms the presence of quartz-K-feldspar phyric rhyolites with volcanic textures and flow banding, demonstrating the unique, evolved nature of this target. Potential REE-host minerals include bastnäsite, zircon, and K-feldspar.
Critical Elements
Further research of the Hendrix rhyolite geochemistry has returned important insight into the REE potential of the target. Assay analysis has demonstrated strong enrichment in REE values especially those needed in the production of important magnet metals such as neodymium and dysprosium. The addition of other enriched critical minerals outside of the REEs such as niobium, beryllium and gallium are also encouraging and provide multiple opportunities for potential increases in shareholder value. Considering that these samples were taken randomly with no previous knowledge of grades, the team is encouraged with the initial findings and will look to expand on the size and controls of the highest grade REE mineralization. Key elements that are enriched at Hendrix include dysprosium, neodymium, gallium, tantalum, niobium, all situated on the
Geology
The scale of the REE target has also been validated through regional magnetic data analysis that suggests this extinct volcano has flows of at least 20 km2 and a projected thickness >200m. Vancouver Petrographic recently completed thin section work confirming the rocks as being highly evolved rhyolites that formed as the final eruption of felsic lavas that concentrated the REEs in a volcanic system. These types of prospective rocks are rare across the globe. A schematic cross section of the volcanic feature is presented to demonstrate the size of the target. Overarchingly, these results point to the possibility of a very large mineralized REE system capable of containing significant REE resources on the Property.
Global Demand
QP statement
Technical aspects of this news release have been reviewed and approved by
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