Core Viewpoint - US Critical Metals Corp. (USCM) has retained 100% ownership of the Haynes Cobalt Project in Idaho, which is crucial for addressing the U.S. cobalt supply needs amid significant reliance on imports [1][3]. Industry Context - The U.S. is heavily dependent on external cobalt sources, with over 75% of its supply needs met through imports and recycling, highlighting the importance of domestic production [2][3]. - The U.S. military has initiated a five-year program to acquire approximately 7,480 tonnes of cobalt for strategic defense stockpiles, marking a significant investment of $500 million [2]. Company Strategy - USCM views the Haynes Cobalt Project as a strategic asset that can help meet future supply needs for defense, aerospace, and energy transition industries [3]. - The CEO of USCM emphasized the long-term importance of cobalt to U.S. supply chains and noted increased government support for critical metals, as evidenced by a recent $400 million investment in MP Materials Corp. by the U.S. Department of Defense [4]. Project Details - The Haynes Cobalt Property spans approximately 470 acres and is adjacent to the only primary cobalt mine in the U.S., operated by Jervois Global [5]. - Historical exploration by Noranda Exploration Inc. indicated promising cobalt mineralization, with significant results from past drilling [8][9]. - Recent rock sampling by USCM in 2021 yielded positive results, with cobalt concentrations exceeding 1.0% in some samples [13][14].