Business
USCM Retains Haynes Cobalt Asset in Idaho Amid US Stockpiling and Lack of Domestic Production
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - U.S. Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company")
About this update from Critical Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - U.S. Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) (\"USCM\" or the \"Company\") is pleased to announce that it has retained its 100% ownership of the past-producing Haynes Cobalt Project (the \"Haynes Cobalt Project\" or the \"Property\") in the highly prospective Idaho Cobalt Belt (the \"ICB\"), adjacent to Jervois Mining's Idaho Cobalt Operations. This asset aligns with the Company's long-term strategy to maintain, explore, and develop a portfolio of past-producing mineral properties hosting commodities critical to United States (\"U.S.\") interests.\nThe U.S. continues to address cobalt needs through imports and releases from the National Defense Stockpile. As noted by the U.S. Geological Survey, only a small portion of supply needs are addressed by domestic production - primarily recycling and byproduct streams, which results in an over 75% dependence on external cobalt sources1. Recently, the U.S. military, through the Defense Logistics Agency, initiated a five-year, $500 million program to acquire approximately 7,480 tonnes of cobalt for strategic defense stockpiles, marking its first major purchase since the 1990s2.\nWith the U.S. currently holding only limited strategic cobalt stockpiles and very limited domestic cobalt production, USCM views the Haynes Cobalt Project as a potentially key asset in bridging future supply needs for defense, aerospace, and energy transition industries.\nExecutive Commentary\nDarren Collins, CEO and Director of USCM, comments: \"Retaining the claims comprising the Haynes Cobalt Project underscores our conviction in the long-term importance of cobalt to U.S. supply chains. We are also encouraged to see increased U.S. government support for critical metals, as evidence by the recent US$400 million equity investment in MP Materials Corp. from the U.S. Department of Defense3. We anticipate these strategic transactions to continue within the U.S., both by government and corporates, as issues with under supply become increasingly prevalent.\"\nStrategic Asset in Premier Cobalt District\nThe Haynes Cobalt Property covers approximately 470 acres directly contiguous to Jervois Global's Idaho Cobalt Operations, which is the only primary cobalt mine in the U.S.4. Within past production from three adits, the Property lies...