NexOptic Technology Corp. and Selten Metal Corp. Enter LOI for Option on NexOptic’s THOR Heavy & Light Rare Earth Element Project, Nevada

Located in southern Nevada, THOR is 17 miles from what was once the largest rare-earth element (“REE”) mine in the world, Mountain Pass. Mountain Pass originally opened in 1952 and would reopen in 2017 as the largest REE mine in the Western Hemisphere, and the only REE mine in North America. Contributing 15.8% to the global REE supply in 2020 (MP Materials), Mountain Pass is primarily a light rare earth deposit whereas historic (non 43-101 compliant) surface and drilled assays discovered on the THOR Project between 2009 and 2011 have reached up to 18% of their composition in heavy rare earths. Read More