Atacama Resources International, Inc. has just acquired mineral rights to a total of 700 acres containing rare earth elements west of Timmins, Ontario. Minerals found on these properties include niobium, uranium, copper, zinc, nickel, tantalum, and cobalt. This strategic move puts Atacama in a strong position to meet the growing demand for these minerals.

With the explosive growth of the EV market, properties with minerals that can be used in the manufacture of batteries are in high demand and the properties surrounding the Atacama properties have been completely claimed for miles around. The development of improved batteries for EV's has become an international imperative in the scientific world and one rare earth element in particular, niobium, will make a significant improvement in the overall performance. Thanks to this latest acquisition, Atacama is well positioned to take advantage of this growing market and contribute to making electric vehicles more accessible and affordable for consumers around the world.

Niobium is a relatively abundant element in Northern Ontario, found in large quantities in carbonatite deposits. These deposits are simply mined using open pit methods, without the need for more expensive and dangerous drilling and explosives methods. Niobium is a silver-gray metal that is soft enough to be cut with a knife.

It is also resistant to corrosion and has a high melting point, making it ideal for use in steel alloys. In fact, niobium is often used as an additive in stainless steel and other high- strength alloys. Niobium can be used in a variety of applications, including jet engines, medical devices, and nuclear reactors.

Despite its many useful properties, niobium is not particularly well-known. However, this may change in the future, as niobium prices have been steadily rising in recent years. Thanks to its numerous applications, niobium looks poised to become an increasingly valuable commodity.

For companies like Atacama, this could mean big profits in the years to come. Recently, Atacama has acquired the rights to two properties in Northern Ontario which are known to contain numerous carbonatite deposits. The company is hopeful that they will be able to find additional niobium reserves in both areas and capitalize on the current high market price for refined niobium, which is now approaching $50,000 per ton.