Business
U.S. Recognises Gold as a Strategic Mineral
U.S. Recognises Gold as a Strategic Mineral.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n\n25 March 2025\nLexington Gold Ltd\n(\"Lexington Gold\" or the \"Company\")\n \nU.S. Executive Order Recognises Gold as a Strategic Mineral\n \nLexington Gold (AIM: LEX | OTCQB: LEXLF), a gold exploration and development company with assets in both the United States and South Africa, notes and welcomes the recent Executive Order issued by U.S. President Donald Trump on 20 March 2025, which outlines a comprehensive framework to accelerate domestic mineral production across the United States.\n \nThe Executive Order, titled \"Immediate Measures to Increase American Mineral Production\", identifies gold among a group of minerals considered critical to U.S. national interests. This designation marks a significant policy development and reinforces the importance of U.S. based gold resources within the broader context of economic security and strategic resilience.\n \nA full copy of the Executive Order can be accessed here:\nhttps://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/\n \nImplications for Lexington Gold and its U.S. Projects:\n \nStrategic Endorsement of Gold\n• Gold is now explicitly included within the critical mineral framework under U.S. law (30 U.S.C. 1606(a)(3)), thereby enhancing its significance as a domestic resource.\n• The Board believes this policy shift affirms the strategic relevance of Lexington Gold's exploration portfolio in the Carolinas.\n \nRegulatory Acceleration\n• Federal agencies are directed to expedite the permitting and regulatory processes for priority mineral projects.\n• This may potentially support the Company's goal of advancing its exploration workstreams efficiently and within a more supportive policy environment.\n \nFederal Support and Incentivisation\n• The Executive Order opens avenues for U.S. government support, including access to potential funding and investment incentives through federal channels.\n• Lexington Gold is actively reviewing these potential benefits in the context of its current and planned future project development activities.\n \nFocus on Domestic Resource Independence\n• The United States' comm...