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Critical Minerals Deal Boosts US Supply
11 Feb
Summary
- US Antimony and Americas Gold partner on new processing facility.
- Facility to be built adjacent to existing silver and copper mines.
- Joint venture aims to reduce reliance on Chinese mineral supply.
United States Antimony Corporation (US Antimony) and Americas Gold and Silver Corporation have entered into a joint venture to construct an advanced hydromet processing facility. The project site is located on land contributed to the venture, directly beside Americas' operational silver, copper, and antimony mines.
US Antimony holds a unique position as the only fully integrated antimony producer outside of China and Russia. Americas Gold and Silver Corporation is recognized for its high-grade silver and copper operations in both the United States and Mexico.
This significant announcement follows recent discussions among the US and its allies regarding potential price floors for key metals. The aim of such measures is to strengthen domestic supply chains for critical minerals, lessening global reliance on China.
