The White House announced funding for critical minerals companies, including public firms
The White House announced funding for critical minerals companies, including public firms WWR (graphite, $25M), SRL (scandium, $400M), FEAM (boron, $8M), HREE (magnet rare earths, $4.8M), and private investments. The user supports the policy as a positive step for supply chain derisking but does not own any of the stocks.
“There we go, White House finally invests in more breath in critical minerals/materials. Amazing policy move, as a TLDR: - $WWR receives $25M (graphite) - $SRL (ASX) receives $400M (Scandium) - $FEAM receives $8M (Boron) - $HREE receives $4.8M (magnet rare earths) out of the public companies. With more private investments from $150 million into Niron Magnetics or $85 million into Standard Bauxite. It's literally spare change to the US gov, for ENORMOUS amount of downstream applications. More should be done with funding amounts to accelerate development and derisk supply chains (don't own any of the above, just support the policy move), but great announcement.”Original post:X / @aleabitoreddit ↗
Related stocks
SRLBullish
+0.70% today
-9.78% 90d
Receives $400 million for scandium, a vital element for aerospace and clean energy, representing a major catalyst.
Trade ↗WWRBullish
+87.76% today
+16.24% 90d
Receives $25 million grant for graphite, a critical mineral for batteries and industrial applications, indicating strong government backing.
Trade ↗