G50 Applauds Gallium Inclusion in the Landmark Critical Minerals Framework Signed by President Trump and Australian Prime Minister Anthony Albanese
MTIMTI(US:MTX) Prnewswire·2025-10-21 12:15

Core Insights - The U.S. Department of War is investing in a 100 metric ton-per-year advanced gallium refinery in Western Australia, marking a significant step towards self-reliance in critical minerals processing [2][4] - G50 Corp. Limited is advancing its Golconda project in Arizona, which is recognized as the most advanced gallium project in the U.S., with recent drilling confirming a large polymetallic discovery [3][4] Investment and Infrastructure - The agreement signed by U.S. President Donald J. Trump and Australian Prime Minister Anthony Albanese represents the first major investment by a Western government in gallium refining infrastructure [2] - The investment aims to address the challenges in sourcing, mining, and refining gallium, particularly given China's control over 98% of global production and recent export restrictions [4] Project Development - G50's Golconda Project has shown promising results from its Phase 2 drilling program, revealing over 700 meters of polymetallic resources, including gold, silver, zinc, and gallium [3] - The strategic location of the Golconda Project is expected to play a crucial role in supplying strategic metals to the U.S. and integrating into domestic supply chains [4]