Virgin Mountain REE
The Virgin Mountain Rare Earths Project is situated on the border of Nevada and Arizona, proximal to the world-class Mountain Pass Rare Earth Element (REE) producing mine (12.15 Mt @ 4.79% Total Rare Earth Oxide (TREO)) (MP Materials Inc; MP:NYSE; US$12b market cap).
In July 2026, Lodestar increased its landholding over Virgin Mountain by ~40% to 661 acres (32 mining
tenements), staking ground that secures the extent of the mapped HREE structural corridor.
Further high-grade heavy rare earth rock chip assays were reported in July which reinforced the tenor of mineralisation, including:
- 14.68% TREO (incl. 0.76% Dy2O3), containing 59% HREO (NGR051)
- 1.48% TREO, containing 54% HREO (NGR050)
- 1.39% TREO, containing 57% HREO (NGR048)
Virgin Mountain TREO mineralisation contains significantly higher HREE than Mountain Pass, providing an opportunity to supply HREE for the new processing facility.
Virgin Mountain contains high concentrations of HREE and includes significant levels of the valuable elements Neodymium and Praseodymium (Nd/Pr).
The Hummingbird Prospect
EXPLORATION POTENTIAL
- Sampled mineralisation sits within an underexplored 760 m REE-trend, which remains open along strike.
- Historic work from Uranium explorers highlights multiple surface targets for immediate follow-up in Q4 2025.
ABOUT THE REGION
In 2025, MP Materials received $400M from the USA DoD and a further $500M co-investment from Apple for the development of REE-related infrastructure.
Regional developments significantly increase REE project feasibility, with DoD committing $150M in federal loan support for the development of a Heavy Rare Earth Element (HREE) processing plant.
