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J.P. Morgan Boosts U.S. Energy Security With Mining Investment
Forbesยท 2025-10-27 14:50
Core Insights - JPMorgan Chase (JPMC) has launched a $1.5 trillion plan aimed at enhancing U.S. energy and national security through strategic investments in key projects and companies [2] - The first initiative of this plan involves a $75 million investment to acquire a 3% equity interest in Perpetua Resources, focusing on the Stibnite Mine, which is expected to be a significant supplier of antimony [2][3] Investment Strategy - The initiative, named the Security and Resiliency Initiative, will focus on four main categories: supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies [3] - The investment in Perpetua Resources aligns with the U.S. government's recognition of the importance of domestic supply chains for critical minerals [6][11] Importance of Antimony - Antimony is a crucial component in various products essential for modern life, including smartphones, military weapons systems, and renewable energy technologies [4][5] - The Stibnite Mine is one of the largest antimony resources outside of China and Russia, historically supplying 90% of U.S. antimony needs during World War II [10] Additional Investments - Perpetua Resources has also secured a $180 million investment from Agnico Eagle Mines Limited, which will further enhance its operations and development [8][9] - The combined investments from JPMC and Agnico Eagle are seen as a strong endorsement of the Stibnite Gold Project and the broader U.S. critical mineral strategy [11]