USA Rare Earth CEO Joshua Ballard discusses the need for critical minerals, its impact on mining from the Trump administration, and the company’s debut on the stock exchange.
President Donald Trump has signed an executive order to help promote and promote the exploration, extraction and processing of minerals from the seabed.
This order describes resources as key to US interests.
“The United States faces unprecedented economic and national security challenges in securing reliable minerals of important minerals independent of the control of foreign enemies. In vast offshore submarine regions, there are important minerals and energy resources. These resources are key to strengthening the economy, ensuring an energy future, and reducing the dependence of important minerals on foreign suppliers.”
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“Our country can access potentially vast resources to subsea polysilicon nodules by establishing international partnerships through the exercise of existing authorities.
You should facilitate the process of reviewing and granting permits and leases.
The order calls for “the support of key partners and allies to provide support for exploration, extraction, processing and environmental monitoring of submarine mineral resources. It calls for opportunities for scientific collaboration and commercial development for US companies in regions within the national jurisdiction of these partners and allies to develop a list of engagement prioritized countries.”
You also need to create a plan to map important parts of the seabed.
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The order must declare “in consultation with the Secretary of State, Secretary of State and the heads of other relevant agencies and in cooperation with commercial and other non-governmental organizations to develop a plan to map priority areas on the seabed.”
In X’s post, R-Mont. Rep. Ryan Zinke praised the order as a “big move” on the president’s side.
“Reliance on China on important minerals is not just a problem for our economy, it is a national security threat,” the tweet said.
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