Artificial intelligence technology will
help accelerate environmentally responsible exploration activities
at the Sheep Creek, Montana Rare Earth Properties
SALT LAKE CITY, July 31, 2024 /PRNewswire/ -- US Critical
Materials Corp. has announced that it has signed a definitive
agreement with VerAI Discoveries Inc. (VerAI), an artificial
intelligence (AI) powered mineral discovery generator, to deploy
its AI-Powered Mineral Targeting Platform. 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 earths properties in Montana.
The exploration partnership between US Critical Materials and
VerAI leverages best-in-class technology to explore the covered
terrain at the Sheep Creek Area of Interest (AOI), dramatically
increasing the probability of success by 100x compared to industry
benchmarks. This AOI boasts a rich geological landscape, validated
by confirmation from Idaho National Laboratory and independent
geophysical surveys. With VerAI's AI-powered mineral 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 earths commodity specialist for
the U.S. Geological Survey (USGS), stated, "The addition of this
AI/ML technology will augment US Critical Materials' current
exploration methodologies. We are pleased to have signed a
definitive agreement with VerAI Discoveries to utilize its
next-generation AI technology and unique capabilities to discover
high-probability targets under covered terrain."
Hedrick continued, "AI-assisted mineral exploration platforms
are beginning to be recognized by the mining industry and major
media outlets. The Defense Advanced Research Projects Agency
(DARPA) also is looking at AI-assisted mining to expedite the
search for critical minerals needed for US industry, consumer use,
and, most importantly, the US military."
US Critical Materials latest samples show total rare earth
elements (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 490 ppm (parts per million). Gallium
is profitable to produce at 50 ppm. The company believes there
is substantial tonnage at Sheep Creek and expects to find more
high-grade critical mineral locations using VerAI's innovative,
artificial intelligence technology.
"VerAI is spearheading a paradigm shift in the exploration
sector. We believe that AI and machine learning are essential tools
for revolutionizing mineral exploration," stated Yair Frastai, CEO of VerAI Discoveries. "With
this definitive agreement, US Critical Materials is proving its
forward-thinking approach by leveraging our advanced AI-based
targeting technology to systematically de-risk the economics of
discovering concealed mineral deposits."
Both companies recognize the commitment and responsibility to
protect all aspects of the environment in the Bitterroot
Valley.
US Critical Materials and VerAI also 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 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 asset 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 substantial
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
View original
content:https://www.prnewswire.com/news-releases/us-critical-materials-announces-signing-of-definitive-agreement-with-verai-discoveries-inc-302210695.html
SOURCE US Critical Materials Corp