From Dallas Express · Dallas Express · · 1m
Texas Rare Earths Challenge China
Texas rare earth project could fund schools and cut U.S. reliance on China for critical minerals.
In brief
Texas rare earth project could fund schools and cut U.S. reliance on China for critical minerals. Texas Land Commissioner Dawn Buckingham says Round Top rare earth deposit may generate tens of billions for school funding and reduce U.S. dependence on China for critical minerals. Originally reported by Dallas Express.
Texas rare earth project
Texas Land Commissioner Dawn Buckingham says Round Top rare earth deposit could fund schools and reduce U.S. reliance on China for critical minerals.
China's rare earth control
China accounted for 91% of global refining output for magnet rare earths in 2024, according to the International Energy Agency.
Round Top project timeline
USA Rare Earth targets late 2028 for commercial production at Round Top with processing facilities in Colorado and magnet manufacturing in Oklahoma.
School funding potential
Bonus payments and royalties from Round Top lease go to the Permanent School Fund, which supports K-12 public education, potentially generating tens of billions.
The takeaway
Texas Land Commissioner Dawn Buckingham says Round Top rare earth deposit may generate tens of billions for school funding and reduce U.S. dependence on China for critical minerals.
