The $2 Million Coal Mine That Might Hold a $37 Billion Treasure

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The $2 Million Coal Mine That Might Hold a $37 Billion Treasure
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Wyoming discovery could be America’s first new source of rare-earth elements since 1952

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/business/energy-oil/the-2-million-coal-mine-that-might-hold-a-37-billion-treasure-181dbdcf The rare-earths find at a site owned by Ramaco Resources comes as the U.S. works to secure supplies of the minerals for use in electric vehicles and offshore wind turbines., among other purposes.Twelve years ago, former Wall Street banker Randall Atkins bought an old coal mine outside Sheridan, Wyo., sight unseen, for about $2 million.

He thought the mine might eke out a profit. Instead, Atkins recently learned it could bring a windfall. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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