US Strategic Metals (USSM) has signed a memorandum of understanding with Stillwater Critical Minerals to collaborate on developing their role in the US energy mineral space, including lobbying the US Departments of Energy and Defense. The potential tie could cover mineral processing, offtake agreements, and project financing.
US Strategic Metals has signed a memorandum of understanding with Stillwater Critical Minerals to collaborate on developing their role in the US energy mineral space, including lobbying the US Departments of Energy and Defense. The potential tie could cover mineral processing, offtake agreements, and project financing. Stillwater Critical Minerals ' flagship project is Stillwater West , which lies adjacent to Sibanye-Stillwater's operations.
is developing what it considers to be the largest cobalt reserve in North America, at its Madison mine project. The miner has agreed a loan package of up to US$400 million with the Export-Import Bank of the United States. " aims to significantly expand production in the coming years and, as such, is successfully developing relationships with raw materials suppliers to allow it to meet rapidly growing critical metal demand," Hastie said. "Stillwater West fits this mandate extremely well, for its scale, grade and suite of critical minerals, nearly all of which the US is heavily reliant upon imports," Hastie said.
's internal expansion mandates." Glencore increases stakeBoth companies have been developing their relationship with the mining and trading giant Glencore. Glencore earlier this year upped its stake in Stillwater Critical Minerals to 15.4% for a total investment of C$7.1 million.
Stillwater Critical Minerals US Departments Of Energy And Defense Stillwater West
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