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Highlights
Uranium – Equity investment in GTi Energy Limited, which has recently announced a positive scoping study and updated resource estimate on its Lo Herma uranium project, located immediately to the south of Snow Lake's Pine Ridge uranium project in the Powder River Basin in Wyoming
Antimony – A strategic investment in Resolution Minerals Ltd., which holds the Horse Heaven ("Horse Heaven Project") antimony/tungsten/gold project in Idaho, immediately adjacent to Perpetua Resources Corp's ("Perpetua") Stibnite Gold Project ("Stibnite Project"). The USD$2.2 billion Stibnite Project is the only domestic U.S. source of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types, and which is anticipated to provide ~35% of the U.S.'s antimony requirements
Rare Earths – An equity position in Commerce Resources Corp., which holds 100% of the Ashram rare earth elements ("REE") project in Northern Quebec, which is a globally significant REE deposit and one of the largest monazite-mineralized carbonatite REE deposits in the world
Unprecedented U.S. Government, Industry & Public Support – U.S. Government, industry, and the public, have recently demonstrated their strong support for U.S. domestic critical mineral production through the following investments in MP Materials Corp:
all designed to accelerate U.S. rare earth magnet independence
Posted In: LITM
