Randall Atkins' £1.5M Wyoming Coal Mine Yields $37B Rare Earth Elements Discovery

Randall Atkins bought a Wyoming coal mine for £1.5M and discovered a rare-earth element deposit valued at $37B. This find includes critical materials for technologies like electric cars and wind turbines. The mine's reserves may supply the U.S. for over a century. The U.S. is seeking to reduce reliance on China, the world's top rare earth producer, as demand rises. Despite facing criticism from an investor watchdog, Atkins remains optimistic about the mine's potential. Separately, Lynas Rare Earths has secured a $137M agreement with the U.S. Department of War for rare earth products.

Published Mar 20, 2026

Randall Atkins purchased a Wyoming coal mine for £1.5M, later discovering a rare-earth elements deposit valued at $37B. This includes neodymium, dysprosium, terbium, and praseodymium, essential for electric vehicles and wind turbines.

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The mine may supply the U.S. for over 100 years. The U.S. is looking to decrease dependence on China, which dominates rare earth production. Despite criticisms from an investor watchdog, Atkins remains positive.

Additionally, Lynas Rare Earths entered a $137M deal with the U.S. Department of War for access to rare earth oxides, essential for manufacturing.