- The administration of U.S. president Donald Trump issued an executive order to expedite critical mineral development in the United States
- The order intends to reduce U.S. reliance on international partners
- Numerous public companies have issued statements on the order, with many critical mineral stocks up sharply on the news
The administration of U.S. president Donald Trump issued an executive order to expedite critical mineral development in the United States.
The order, entitled “Immediate Measures to Increase American Mineral Production“, aims to combat “overbearing Federal regulation” that has “eroded” national output by creating a pathway from the country’s vast resources to the creation of jobs and a reduced reliance on international partners. Key areas to be streamlined in this process include permitting, leasing and funding.
The administration will identify strategic projects over the next 45 days prospective for uranium, copper, potash, gold, as well as those falling under the prevailing definition of critical minerals under U.S. law.
Explorers and developers of key commodities under the executive order have issued comments on it and how their operations contribute to bolstering the U.S. critical minerals supply chain. These include Graphite One (TSXV:GPH), Noble Mineral Exploration (TSXV:NOB) and Northern Dynasty Minerals (TSX:NDM), shares of the latter having gained over 30 per cent on the news at the time of writing.
Additional related stocks are also soaring, such as Gunnison Copper (TSX:GCU), which is active in Arizona, and NV Gold (TSXV:NVX), which owns 21 exploration projects in Nevada, gaining over 31 per cent and over 33 per cent, respectively.
Investors can keep and eye on trending news in the metals and mining space for more potential catalysts tied to U.S. critical mineral development.
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