Black Mammoth Metals Unveils High-Grade Rare Earth Discovery in Idaho

Black Mammoth Metals ( (TSE:BMM) ) has issued an update.

Black Mammoth Metals has announced a significant discovery of high-grade rare earth element mineralization at its Leadore Property in Idaho, with samples showing up to 7.6% total rare earth oxides and a favorable neodymium-praseodymium ratio of 26%. This discovery, located in a laterite horizon, aligns with the Idaho REE-Belt and suggests potential for economically viable extraction due to low phosphorus, thorium, and uranium content, indicating ease of processing and minimal radioactivity. The geological setting is similar to other successful REE deposits worldwide, positioning Black Mammoth favorably in the market.

More about Black Mammoth Metals

Black Mammoth Metals Corporation operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily deals with rare earth elements (REEs), which are crucial for various high-tech applications, including electric vehicle motors and turbines.

YTD Price Performance: 36.84%

Average Trading Volume: 10,672

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$42.31M

For detailed information about BMM stock, go to TipRanks’ Stock Analysis page.