June 9th Gov Stitt announced a 100 million Rare Earth Facility moving to Stillwater and buying a huge facility on Airport RD and doing a 60 million renovation.
This recent news will be exponentially huge for Oklahoma, Payne County, Stillwater, and OSU Geology School. Rare Earth is a company out of Tampa, Florida with facilities in West Texas and Colorado that mines materials for the Tech industry.
Owner of Rare Earth is Pini Althaus and he is vocal about only using resources in USA rather than buying from other countries. Wasn’t T Boone saying the same thing?
Apparently they are mining material used primarily for green earth and used for electrical vehicles and wind mill and magnets for jets and submarines. Appears these precious materials will be transported to Stillwater from West Texas via railroad and they will renovate a huge warehouse on Airport RD that was vacant for over 20- years.
Their research and development is in Wheat Ridge, CO and their mining site is in Hudspeth County, Texas. This is a new company that was started up with Biden initiative for electrical vehicles in 2020.
Stillwater is going through a building and economic boom so this will be needed with all these new jobs coming to Stillwater.
https://apnews.com/article/politics...a-stillwater-a7ed6424f2975c41bca402a84df52998
https://www.stwnewspress.com/news/c...cle_d6005438-e86b-11ec-a630-9b4b6f67dcb0.html
This recent news will be exponentially huge for Oklahoma, Payne County, Stillwater, and OSU Geology School. Rare Earth is a company out of Tampa, Florida with facilities in West Texas and Colorado that mines materials for the Tech industry.
Owner of Rare Earth is Pini Althaus and he is vocal about only using resources in USA rather than buying from other countries. Wasn’t T Boone saying the same thing?
Apparently they are mining material used primarily for green earth and used for electrical vehicles and wind mill and magnets for jets and submarines. Appears these precious materials will be transported to Stillwater from West Texas via railroad and they will renovate a huge warehouse on Airport RD that was vacant for over 20- years.
Their research and development is in Wheat Ridge, CO and their mining site is in Hudspeth County, Texas. This is a new company that was started up with Biden initiative for electrical vehicles in 2020.
Stillwater is going through a building and economic boom so this will be needed with all these new jobs coming to Stillwater.
https://apnews.com/article/politics...a-stillwater-a7ed6424f2975c41bca402a84df52998
https://www.stwnewspress.com/news/c...cle_d6005438-e86b-11ec-a630-9b4b6f67dcb0.html
Last edited:
-
2
-
4
- Show all