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Copper Added to New USGS Critical Minerals List Highlighting Increased Support for US Copper Projects Like American Pacific's Madison & Palmer Projects
Newsfile· 2025-11-06 23:00
Core Insights - The U.S. Geological Survey (USGS) has added copper to its 2025 list of critical minerals, reflecting the Trump Administration's focus on enhancing domestic supply chains for vital minerals [2][3][5] - This addition is expected to lead to increased government investment and streamlined permitting for U.S. copper projects, which are essential for the domestic critical metals supply chain [4][5] Industry Overview - The new USGS list now includes copper alongside silver, zinc, lead, barite, and 55 other minerals, totaling 60 critical minerals recognized by the U.S. government [3] - The Trump Administration aims to reduce reliance on foreign mineral supplies, which poses risks to national security and infrastructure development [3] Government Initiatives - The U.S. government has launched four new funding initiatives totaling nearly $1 billion, with grants of up to $250 million available for critical metals projects [4] - Direct equity investments have also been made in critical metals projects, including a 5% stake in the Thacker Pass lithium project in Nevada [4] Company Focus - American Pacific Mining Corp. emphasizes the significance of its Madison Copper-Gold Project in Montana and Palmer Copper-Gold VMS Project in Alaska in light of the new USGS designation [5] - The company highlights the importance of copper in everyday life and its role in strengthening U.S. supply chains [5] Project Highlights - The Madison Copper-Gold Project has historical production of 2.7 million pounds of copper with grades ranging from 20-30% [6] - Recent exploration at the Madison Project has confirmed widespread mineralization, with notable drill results including 8.47 meters of 40.03% Cu and 61.63 meters of 6.97% Cu [6][7] - The Palmer Copper-Zinc VMS Project has reported the highest-grade copper intercepts ever drilled, with an updated mineral resource estimate showing a substantial increase in contained copper [8]