Core Insights - Terra Clean Energy Corp. has confirmed significant rare earth element (REE) potential at its Fraser Lakes B Deposit through drilling and assays, highlighting the presence of key rare earth oxides such as La₂O₃, Ce₂O₃, Yb₂O₃, and Y₂O₃ [1][7][12] REE Applications - Light rare earth elements are crucial in various industries, including automotive, batteries, and magnets. Lanthanum is used in medical applications and industrial processes, while cerium serves as a polishing agent and catalyst [2][3] - Ytterbium finds applications in improving stainless steel, dental alloys, and advanced technologies like quantum computing [4] - Yttrium is essential in phosphors for LEDs, lasers, and medical applications, as well as in ceramics and electronics [5] Project Development - The Fraser Lakes B Deposit is part of a broader study on REEs in northeastern Saskatchewan, supported by a government grant to the University of Saskatchewan [6] - The deposit is located in a well-infrastructured area, approximately 18 kilometers outside the Athabasca Basin, with good access to power and water [11] - The South Falcon East Project, which includes the Fraser Lakes B Deposit, has a historic inferred resource of 6.9 million pounds of U3O8 at a grade of 0.03% [10][12] Management Statements - The CEO of Terra emphasizes the strategic importance of the REE deposit, indicating a commitment to unlocking its value alongside ongoing uranium development [7][8]