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0.7% 1.3% Other Countries 310,000t O Australia 4,100,000t 37.9% World Total 115,820,000t* Reserve data Global Reserves and Production Data of REES China 44,000,000t China tops the list for reserves and mine production. While the U.S. has 1.5 million tons in reserves, it still depends on China for refined rare earths. South Africa 790,000t Tanzania 890,000t Greenland 1,500,000t U.S. 1,500,000t WHERE ARE THE WORLD'S RARE EARTH RESERVES? Americas Europe Africa Asia Oceania Other Brazil 21,000,000t Vietnam 22,000,000t Vietnam and Brazil have the second and third most reserves, their mine production is among the lowest with only 1,000 tons per year each. •India 6,900,000t Russia 12,000,000t Canada 830,000t After mine production, rare earths must be refined and separated into their individual metals for their particular uses. Uses: 18.1% Ι 27 Magnets Lights Screens Glass Catalysts Batteries Steel Alloys 5.9% Mine Production 2020 100t 500t 1,000t 1,000t 2,000t 2,700t 3,000t Burundi Brazil Other Vietnam SEARCHLIGHTRESOURCES.COM Russia Thailand 140,000t 38,000t 30,000t 17,000t 8,000t India US Myanmar Australia Madagascar Note that this data shows no production or reserves in Canada, as it is largely unexplored for rare earth elements, though very similar in geology to those countries with enormous reserves. Searchlight has found deposits in northern Saskatchewan- China With China's established reserves and high production, and Canada's clear lack of established reserves, exploration is key in reducing the vulnerability of North American supply of rare earth elements. Recently, both the USA and Canada have undertaken measures to stimulate domestic production and refining via budgets and establishing new Acts. Along with the support via the USA Inflation Reduction Act, 2 there are provisions to prefer North American supply over those coming from China which would in turn drive future production and in turn, exploration. 1 https://www.mining.com/web/rare-earth-elements-where-in-the-world- are-they/ 2 https://www.whitehouse.gov/briefing-room/statements- releases/2022/08/15/by-the-numbers-the-inflation-reduction-act/ SEARCHLIGHT RESOURCES 10.3% 80 SCLT TSXV
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