Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Comey to be arraigned in federal court after...
Comey pleads not guilty in court after indictment...
Houthi rebels test US ceasefire with deadly strike...
Kushner joins Witkoff for Gaza ceasefire talks as...
Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved...
White House escalates shutdown consequences as Democrats show...
Moderate Dem undercuts Jeffries on ObamaCare compromise as...
MIKE DAVIS: The Supreme Court betrayed again —...
Senate Democrats defy White House warnings, again block...
Greta Thunberg slammed for using image of starved...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Stillwater, USSM Sign MOU to Accelerate US Critical Minerals Supply Chain

by admin October 11, 2024
October 11, 2024
Stillwater, USSM Sign MOU to Accelerate US Critical Minerals Supply Chain

Stillwater Critical Minerals (TSXV:PGE,OTCQB:PGEZF) has signed a non-binding memorandum of understanding (MOU) with private company US Strategic Metals (USSM) to explore potential business opportunities within the critical metals sector.

The MOU outlines a broad range of potential collaborations, some of which include marketing efforts, technical support and supply chain development for critical minerals, including nickel, cobalt and other metals essential to the production of electric vehicle (EV) batteries and renewable energy technologies.

The MOU also explores potential offtake agreements, logistics collaboration and financing opportunities.

The companies intend to work together in advocating for government support, particularly from US government agencies such as the Department of Energy and the Department of Defense.

USSM CEO Stacy Hastie described the Stillwater Critical Minerals partnership as a key move in building towards a robust critical metal supply chain geared towards future expansion. Both companies also highlighted their partnerships with global miner Glencore (LSE:GLEN,OTC Pink:GLCNF).

“We have strong backers who are aligned with our team’s goal to expand into one of North America’s largest and most important fully integrated producers of key battery and strategic metals with a full supply chain from exploration to production all based within the United States,” Hastie added in the company’s statement on October 10.

He also added that Stillwater’s Stillwater West project, which is a potential source of at least eight critical minerals, aligns with the national mandate of the US government to bolster domestic production of the resource.

The Montana-based explorer operates in the Stillwater mining district, known for its rich deposits of nickel, platinum, palladium and other minerals. The Stillwater West project has been recognized as one of the largest undeveloped sources of critical minerals in the US.

As for USSM, the company’s plant will process recycled battery metals and feed from third parties to produce battery grade materials for the domestic supply chain. It is also developing a significant cobalt deposit.

As the global demand for EVs and renewable energy systems rises, companies and states alike are in a race to reduce reliance on imports and secure stable supplies for the energy transition.

Both companies anticipate that the partnership could position them favorably for federal government funding opportunities.

Recently, the US government has allocated significant resources to support domestic critical minerals production, primarily in favor of building up industries like clean energy, advanced defense systems and consumer electronics.

Stillwater has already received support from several federal agencies in conducting research into carbon sequestration and other green technologies.

Similarly, the MOU with USSM may further enhance the company’s eligibility for additional government grants and partnerships.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Justin Huhn: Uranium Summer Slump Paves Way for Fall Price Growth
next post
West High YieldResources Ltd. Announces BC Government Mining Permit Work Plan Timelines

You may also like

Randy Smallwood: Gold Price Strong, Now it’s Time...

March 25, 2025

Rae Copper Project delivers further high-grade mineralisation with...

May 13, 2025

Company Update

August 12, 2024

Awalé’s Transformative 2024 Sets the Stage for an...

January 13, 2025

Kobo Resources Expands its Regional Footprint with a...

August 1, 2025

EV Market Forecast: Top Trends for EVs in...

January 1, 2025

Metals Focus: Gold to Average US$3,210 in 2025...

June 6, 2025

Havilah Deals Uranium Assets for Equity Interest in...

October 21, 2024

Los Andes Copper Announces Corporate Update

August 29, 2024

Element79 Gold Corp. Announces Changes to Board of...

September 15, 2025

Recent Posts

  • Comey to be arraigned in federal court after being indicted for alleged false statements, obstruction
  • Comey pleads not guilty in court after indictment on alleged false statements, obstruction
  • Houthi rebels test US ceasefire with deadly strike on cargo ship
  • Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’
  • Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved socialism fails after killing NYC Amazon deal

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (936)
    • Investing (3,147)
    • Politics (3,845)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.