The Trump administration announced Wednesday it will allocate $1 billion to accelerate growth in the U.S. critical minerals and materials sectors. The Energy Department will issue funding opportunities to support mining, processing, and manufacturing technologies in these supply chains.
- Funding aims to advance and scale technologies in critical minerals and materials supply chains.
- Energy Department to release notices of funding opportunities for eligible projects.
- Targeted areas include mining, processing, and manufacturing innovations.
- Initiative seeks to bolster domestic supply and reduce reliance on foreign sources.
- Total federal allocation set at $1 billion.
Relevant Companies
- MP - U.S.-based rare earth miner that could benefit from increased funding for domestic mining.
- ALB - Lithium producer positioned to expand production capabilities with new support.
- PLL - Lithium mining company with U.S. operations that may be eligible for DOE funding programs.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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