Dear XXX XXXXX
I am asking you to read this report
www.prweb.com/releases/2014/06/prweb11979831.htm about how the US and Canada have been missing out on an important industry.
Hundreds of billions maybe trillions of dollars are a missed opportunity because of the irrational fear over mildly radioactive Thorium.
The Rare Earths industry has been dominated by China. They have a monopoly that essentially limits foreign access to rare earths as economic black mail.
Meanwhile China profits by converting otherwise useless rare earths using advanced manufacturing with an expertise we also have but are not allowed to access on our own soil. China turned $3 billion worth of rare earths into $6 trillion related industry manufacturing.
Two colleagues from different walks of life started working together back in 2009 to fight for a cause that will ultimately be a game changer for mining opportunities in North America.
After “lobbyists” James Kennedy, the miner, and John Kutsch, the Thorium Molten Salt Reactor advocate managed to get a Bill sponsored in 2010 by U.S. Sens. Kit Bond, R-Mo., and Evan Bayh, D-Ind., They introduced legislation that would help jump start a domestic rare earth mining and refining industry.
Their bill was shot down by the DOD in May 2014 without explanation. A short time later in June 2014 another similar bill was proposed by Senator Steve Stockman.
Thorium is element 90 on the periodic table and you can hold a chunk of it in it’s pure form in your hand without any concern of too much radiation. But an old standard called LNT (Linear No Threshold) devised in the 1950s is outdated and government agencies have been using as gospel when in fact scientists, doctors and engineers know that the radiation level guidelines are far too cautious. Both the mining industry and the nuclear energy industry plus a whole range of industries have been held back from potential growth because of concerns about what to do with the Thorium and the means of separating the radioactive elements from the rare earths.
On June 17th, 2014 Texas Senator Steve Stockman proposed to the House Committee on Armed Services to pass a bill.
There are some legal and strategic issues about weapons being designed that rely on Chinese sources of rare earth metals. Passing of the bill would enable a privately funded multi-national rare earth cooperative between the U.S. and Japan, the EU, Canada and Australia.
“The cooperative would utilize abundant rare earth materials that U.S. mines currently discard because the rare earth elements are most often found with Thorium, a mildly radioactive natural element.” Said John Kutsch.
The National Rare Earth Refinery Act HR4883
See Steve Stockman’s bill contents
Read About Rare Earths Background and the missed potential
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