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Stillwater Critical Minerals Welcomes Executive Order to Prioritize and Accelerate Domestic Mining and Mineral Production in the United States of America
VANCOUVER, BC / ACCESS Newswire / March 24, 2025 / Stillwater Critical Minerals Corp. (TSX.V:P...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Stillwater Critical Minerals Welcomes Executive Order to Prioritize and Accelerate Domestic Mining and Mineral Production in the United States of AmericaVANCOUVER, BC / ACCESS Newswire / March 24, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the \"Company\" or \"Stillwater\") applauds the Executive Order signed by United States President Donald J. Trump on March 20, 2025, titled \"Immediate Measures to Increase American Mineral Production\".The order invokes emergency powers to prioritize and accelerate domestic production of minerals listed as critical to the United States, with the objective of reducing reliance on imports. This Executive Order is the government's strongest action yet towards restoring America's domestic mining industry and is intended to counter the overwhelming control that other countries have over the supply of a number of minerals listed as critical to the economic and national security interests of the United States.The order describes funding initiatives for domestic mining projects and calls for accelerated permitting and clarifications to the Mining Act, among other actions. David Copley, a senior executive from Newmont Mining, has been placed in charge of the program via the recently created National Energy Dominance Council.Stillwater's President and CEO, Michael Rowley, said \"Last week's Executive Order exceeded our expectations, listing a number of actions that are very supportive of our work at Stillwater West. Among other actions it invokes the authority of the Defense Production Act, reflecting the urgency of the government mandate to secure supplies of critical minerals as it calls on legislation from 1950 that has been applied previously to matters of national concern, including mineral supply. The Company is working with Congress, the administration, and government agencies with the objective of accelerating our Stillwater West project in Montana towards production by completing the necessary economic and engineering studies in addition to drilling, metallurgical, and other related work. We look forward to providing further updates on this and our work evaluating other aspects of the Executive Order including additional funding channels as well as permitting reforms and other initiatives.\"\"The order also makes a point of listing copper and gold. This is ver...