Artificial intelligence technologies will
help accelerate environmentally responsible exploration activities
at the Sheep Creek, Montana Rare Earth Properties
SALT
LAKE CITY, May 22, 2024 /PRNewswire/ -- Critical
Materials Corp. has announced that it has executed a binding term
sheet leading to the preparation of definitive agreements with
VerAI Discoveries Inc. (VerAI), an artificial intelligence (AI)
powered mineral discovery generator, to deploy its AI Targeting
Platform technology. This technology enables a higher probability
of success to detect minerals under covered terrain and to minimize
surface disturbances at US Critical Materials' Sheep Creek rare
earth properties in Montana.
"The critical minerals discovered at Sheep
Creek could provide the U.S. and alternative to its dependence on
China." — Jim Hedrick.
Both companies recognize the commitment and responsibility to
protect all aspects of the environment in the Bitterroot Valley.
This AI exploration alliance between US Critical Materials and
VerAI utilizes new cutting-edge exploration techniques to serve as
the cornerstone for the next generation of mineral exploration. The
Sheep Creek Area of Interest (AOI) boasts a rich geological
landscape, validated by confirmation from Idaho National Laboratory
and independent geophysical surveys. With VerAI's AI-powered
targeting technology, US Critical Materials intends to set new
industry standards for environmentally conscious mineral
exploration activities, providing the unique opportunity to bring
rare earth elements to the market in their purest form, which is
vital for the green energy transition.
Jim Hedrick, President of US
Critical Materials, and former rare earth analyst for the U.S.
Geological Survey (USGS), stated "Our focus on environmentally
responsible exploration is greatly enhanced by the utilization of
advanced artificial intelligence technology by more precisely
focusing on potential target areas and thereby minimizing surface
disturbance. The addition of this cutting-edge AI will augment US
Critical Materials' current exploration methodologies. We are
pleased to utilize VerAI's next generation AI technology and unique
capabilities to enhance the geophysical and other data in our
exploration program going forward."
US Critical Materials latest samples show TREE readings up to
20.1%, with combined neodymium praseodymium up to 3.3 %. US
Critical Materials also has gallium readings that are as high as
348 ppm (parts per million). Gallium is profitable to produce at 50
ppm. The company believes there is substantial tonnage and
expects to find more high-grade critical mineral locations using
VerAI's innovative, artificial intelligence technology.
"We are thrilled to partner with US Critical Materials, experts
in REE exploration, to discover the much-needed rare earth elements
in the U.S.," stated Yair Frastai,
CEO of VerAI Discoveries. "At Sheep Creek, we have the opportunity
and potential to make an important impact on the supply of critical
minerals discovered in the United
States. This strategy uses VerAI's AI-driven exploration
technology to generate and prioritize drill targets in this covered
terrain to not only reduce the environmental impact of exploration
but also greatly improve the chances of finding a significant
deposit."
Both companies believe that the ability to accelerate the
discovery of vital rare earth and other critical minerals is
important for securing self-sufficiency for our nation's security,
considering China's stranglehold
on these materials.
About US Critical Materials Corp.
US Critical
Materials Corp. is a private rare earths exploration, development
and process technology company based in Salt Lake City,
Utah with holdings in Montana and Idaho. The
mineral deposits held by US Critical Materials
in Montana and Idaho are unique due to their
high grades of rare earths, low levels of thorium, and large
numbers of surface carbonatites. The Sheep Creek deposits contain
some of the highest grades of rare earth minerals in the
United States including at least thirteen of the currently
listed "critical" minerals. The company has also funded a
collaboration with Idaho National Laboratory to create an
environmentally responsible mineral extraction, separation, and
process method.
As US Critical Materials progresses in its mission to bolster
national security and technological independence the company
remains dedicated to fostering partnerships, advancing sustainable
practices, and contributing to the economic vitality of local
communities.
About VerAI Discoveries, Inc.
VerAI Discoveries
(VerAI) is an AI-powered mineral discovery generator focused on
uncovering essential critical minerals for the green energy
transition and a sustainable future. Their mission involves working
with partners to target new mineral discoveries in covered terrain
within advanced jurisdictions that remain largely unexplored. By
deploying their novel proprietary AI/ML Discovery Platform, VerAI
significantly increases the probability of discovering significant
mineral deposits of different commodities and in various geological
jurisdictions, shortens targeting time, and reduces exploration
costs. For more information, visit https://ver-ai.com/.
Contact:
Rubenstein Public Relations
Brigit Hennaman, Vice President
(212) 805-3005
bhennaman@rubensteinpr.com
US Critical Materials Corp
Rachel Winn, Director of
Operations
(801) 322-3401
rachelwinn@uscriticalmaterials.com
website: www.uscriticalmaterials.com
VerAI Discoveries
Amie Cavarra, Communications
Manager
(303) 358-5452
amie.cavarra@ver-ai.com
LinkedIn: @verai
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SOURCE US Critical Materials Corp