AMERICAN TERBIUM CORP. (formerly NORTH AMERICAN STRATEGIC MINERALS INC.) ANNOUNCES COMPANY NAME CHANGE TO REFLECT NEW STRATEGIC FOCUS ON RAPIDLY LEACHABLE DY-TB DEPOSITS IN THE UNITED STATES
MIAMI, February 23, 2025 - North American Strategic Minerals Inc. (“NASM” or the “Company”) is excited to announce its official name change to American Terbium Corp., marking a critical milestone in its commitment to revolutionizing rare earth production in North America. The rebranding reflects the Company’s strategic focus on advancing its high-grade, rapidly leachable Dy-Tb (Dysprosium-Terbium) deposits located in the United States and Canada.
Our Mission: Rare Earth Independence Through Geological Innovation
American Terbium Corp. is leading the charge to overcome the greatest obstacles standing in the way of Western rare earth independence. Unlike the majority of known rare earth deposits, which are hosted in 'hard rock' deposits requiring complex and high CapEx and rely on Chinese downstream processing—American Terbium is taking a radically different, disruptive approach to solve the industry's long-standing dependence on China.
“By applying our innovative geological models, we’ve discovered a new type of deposit with high Dysprosium-Terbium enrichment and rapid leachability, providing a path to independence from foreign sources,” said Michael Thomsen, Executive Chairman. “Our mission is to provide the U.S. and global markets with a sustainable, domestic supply of critical heavy rare earth elements, most importantly dysprosium and terbium.”
High Dy-Tb Grades in a Rapidly Leachable Host Rock: A Global First Mover
American Terbium is commercializing a totally new and industry-disruptive rare earth deposit type. Through our proprietary geological model, we’ve defined high-grade Heavy Rare Earth Element (HREE) enrichment in extensive paleo basin sediments across the U.S. and Canada. Unlike traditional intrusive deposits, which typically contain lower-value HREEs and are not leachable, our deposits are uniquely characterized by more than 3x the grade of the most important and valuable HREEs—dysprosium and terbium (Dy-Tb).
Our Lost Basin Project is one example of this remarkable discovery, where core samples reveal Dy-Tb enriched ore that mirrors the geologic conditions of vast Pacific seafloor metal precipitate systems, marking a new frontier for North American rare earth exploration. This breakthrough presents the rare opportunity to develop a high-grade, domestically sourced supply of these critical metals.
Rapid Leaching with High Recoveries: The Future of Rare Earth Processing
A key differentiator of our deposits is their rapid leachability. American Terbium has developed a simple proprietary leach solution capable of recovering over 95% of the metal content in just 24 hours—an extraordinary leap forward in the path towards American rare earth independence. This innovation not only significantly reduces the time and costs associated with traditional extraction methods but also sidesteps the fundamental challenges posed by the metallurgical complexity of ‘hard rock’ deposits. In doing so, we position ourselves as the first company in North America to offer a commercially viable, non-China-dependent HREE leach concentrate solution.
“By solving the leachability challenge, we’ve created a game-changing competitive advantage, we can produce the highest value rare earth metals at low costs without dependence on Chinese downstream processing” added Francis Boulle, President & CEO “We’re now poised to be the first company to deliver a HREE leach concentrate solution to U.S. separation facilities, moving away from reliance on Chinese processing facilities.”
The Path Forward: Advancing Rare Earth Independence
As part of its ongoing commitment to advancing rare earth independence, American Terbium Corp. is focused on developing these deposits into a high-value, sustainable supply for key industries such as electric vehicles, renewable energy, and defence. Our unique ability to extract and concentrate high-value Dy-Tb from rapidly leachable sediments allows us to quickly deliver on the growing demand for these critical metals, while decoupling our supply chain from its current dependence on China.
With exploration and near-term production potential in the U.S. and Canada, American Terbium Corp. is uniquely positioned to lead the charge in securing a stable, domestically sourced supply of high-value HREEs. American Terbium's transition to its new identity represents more than just a name change—it is a bold statement about the Company's vision for the future of rare earth supply chains in America. Finally, true American Terbium.
About American Terbium Corp.
American Terbium Corp. is a privately held corporation committed to advancing the production of heavy rare earth elements (HREEs) in North America. By applying a new geological model to explore paleo basin sediments, American Terbium has discovered high-grade Dy-Tb deposits that can be rapidly leached for recovery. With a focus on innovation and sustainability, the Company is pioneering the development of critical rare earth metals to support the global transition to clean energy technologies, electric vehicles, and defense systems, with a firm commitment to rare earth independence from China.
For more information about American Terbium Corp. please visit www.americanterbium.com
Contact:
Francis Boulle
President & CEO
American Terbium Corp.
Email: info@americanterbium.com