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US To Set $5 Billion Critical Minerals Fund - iShares MSCI Global Select Metals & Mining Producers Fund (BATS:PICK), VanEck Rare Earth and Strategic Metals ETF (ARCA:REMX)
Benzinga· 2025-09-17 10:11
Group 1 - The United States is launching a $5 billion fund to secure supplies of critical minerals, in partnership with Orion Resource Partners, with both parties committing at least $600 million [1][5] - The DFC has become central to U.S. efforts to support strategic investments overseas, aiming to reduce dependence on Chinese supply chains [3][7] - The urgency of the initiative is driven by immediate concerns over China's dominance in processing key minerals and long-term forecasts indicating shortages due to underinvestment and slow permitting [7][8] Group 2 - Notable past deals by the DFC include a $150 million loan to Syrah Resources for a graphite mine in Mozambique and $550 million for upgrades to the Lobito Corridor rail line in central Africa [4] - Orion Resource Partners, managing about $8 billion in assets, is actively financing mining projects across various metals, indicating a strong position in the industry [5][6] - Washington is increasing its involvement in critical minerals through multiple agencies, including a recent $67 million financing interest from the Export-Import Bank for a scandium project in Australia [9]
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Globenewswire· 2025-06-17 13:00
Core Viewpoint - Buscando Resources Corp. is entering a new growth phase by expanding its portfolio in critical metals and natural hydrogen, aligning with long-term energy and security priorities in North America [3] Corporate Update - The company has acquired Element One, a 100%-owned subsidiary, to enhance research and acquisitions in natural hydrogen [4] - The Union Bay project in Alaska and the Star project in British Columbia cover over 4,800 hectares, targeting critical minerals like copper and nickel, as well as geologic hydrogen [5] - An early-season exploration program at the Foggy Mountain Project in British Columbia is underway, with results guiding future geochemical surveys and drilling campaigns [6] Strategic Positioning - Buscando's dual-focus strategy targets the global demand for critical minerals and the growing interest in clean hydrogen as an energy solution [7] - Collaborations with research institutions and government-supported programs aim to validate hydrogen-hosting systems on its properties [7] Upcoming Plans - An expanded exploration plan will incorporate results from recent airborne magnetic surveys and historic data [8] - Exploration projects on the Foggy Mountain and Star Projects are expected to commence in mid-July [8] - The company plans to release interpretations from the Foggy Mountain geophysical program and assess new hydrogen-accretive assets across North America [9] Private Placement Financing - The first tranche of a non-brokered private placement raised CAD$150,000 by issuing 750,000 units at CAD$0.20 each [10] - Each unit consists of one common share and one-half warrant, with full warrants exercisable at CAD$0.30 for 18 months [10] - Proceeds from the offering will be used for acquisition payments, exploration work on the Foggy Mountain Property, and general administrative expenses [12]