Brook Mine Project Launches New Era for American Energy and Wyoming Industry

Photo by: KTVQ photo

All eyes are on Wyoming as the U.S. breaks ground on its first rare earth element mine in decades. Located near Ranchester and the Bighorn Mountains, the Brook Mine Carbon Ore Rare Earth project is set to reshape America’s energy future, and unlock major new opportunities for Wyoming business.

U.S. Energy Secretary Chris Wright joined industry leaders and state officials at the groundbreaking this past Friday, highlighting the project’s potential to strengthen domestic supply chains and reduce dependence on foreign sources, particularly China, for critical minerals.

Using a novel approach, Ramaco Resources will extract rare earths by mining coal, not for traditional energy production, but to access the valuable minerals embedded within it. An independent report projects a strong financial outlook for the Brook Mine, with a net present value (NPV) of $1.197 billion at an 8% discount rate and a pre-tax internal rate of return (IRR) of 38%. The mine is expected to produce approximately 1,200 tons of oxides annually, including critical minerals such as dysprosium, neodymium, and scandium.

The mines currently permitted 4,500 acres could hold up to 1.7 million tons of critical mineral oxides, with an additional 11,500 acres available for future development.

WY It Matters

The Brook Mine project is a huge step forward for Wyoming’s economy, signaling a shift from traditional energy toward advanced, high-value resource development. It strengthens the state’s position as a national leader in critical mineral production, while bringing capital investment, supply chain growth, and long-term job creation to local communities.

For Wyoming businesses, the project represents a wealth of opportunity. From engineering and construction to transportation and technology, the demand for skilled labor will increase across industries, fostering innovation and reinforcing Wyoming’s role as a powerhouse in both legacy and emerging sectors.