Fremont & Gunnison Counties
Colorado
Highlights
- These rare earth projects are comprised of three claim blocks totaling 130 claims that span across approximately 2,686 acres.
- The project areas were explored for thorium and uranium in the 1950’s by government agencies focused on finding new sources of uranium. Radioactive minerals often occur in conjunction with rare earth minerals.
About the Projects
It is believed that the Powderhorn and Wet Mountain claim blocks have high potential to host economic rare earth deposits.
Powderhorn Mountains
Located in the Powderhorn Mountains are 94 claims totaling approximately 1,942 acres. Based on historical data obtained by the Company, the Powderhorn claims were previously explored by sampling outcrops of veins and by drilling.
Field work on the claims will consist of mapping and sampling on the already identified carbonatite veins, as well as utilizing U.S. Geological Survey and Colorado Geological Survey data to aid in locating targets for drilling.
Road Gulch
The Road Gulch claim block consists of 36 claims totaling approximately 744 acres. This project was also previously sampled by the U.S. Geological Survey.
In April, 2025, an exploration drilling notice was approved by the Bureau of Land Management. Additionally, a “Notice of Intent to Conduct Prospecting Operations” has been submitted to the State of Colorado’s Division of Reclamation, Mining, and Safety.
Property Claim Blocks
Fermi Uranium Corp. maintains 130 unpatented mining claims for the Rare Earth Project:
- Powderhorn Mountains – BC and GC Claims (94)
- Road Gulch – TG Claims (36)
