The_Gman
4 hours ago
The way I read it, it's to allow the lenders the ability to make loans on MMIA projects without EXIM approval. JP Morgan is already approved for Delegation Authority, but it's unclear if that approval, for them or any other bank, currently extends to MMIA projects. It's also unclear if this is just another lender trying to get approved to lend, but it smells good for the moment.
https://www.exim.gov/resources/delegated-authority-lenders
https://grow.exim.gov/blog/da-lender
Often when traditional lender financing is unavailable or unable to fund a company’s export sales, EXIM’s Working Capital Loan Guarantees maybe an option. Asset based lenders (or DA Lenders) can help companies get the cash flow they need to finance their exports and help grow their company internationally.
https://img.exim.gov/s3fs-public/forms/medium_term_del_authority_program-1.pdf
Scope: Ex-Im Bank will determine individually the level of delegated authority for each approved lender. The maximum MTDA Program lending limits with respect to lender usage, obligor exposure and credit amount are as follows:
- Individual Lender Limit: Up to $100 million. The maximum aggregate outstanding principal
amount of all credits that may be approved by a lender under the MTDA Program.
- Obligor Limit: Up to $10 million. The maximum aggregate outstanding principal amount of
all credits involving the same obligor that may be approved by a lender under the MTDA
Program.
- Credit Limit: Up to $10 million. The maximum principal amount of any credit approved by
a lender under the MTDA Program.
Risk Sharing: Ex-Im Bank will provide 90 percent commercial risk coverage, and the lender will retain 10 percent of the commercial risk.
The_Gman
5 hours ago
Apples and oranges. Gold, silver and antimony from the renewal of an existing proven site.
https://www.prnewswire.com/news-releases/perpetua-resources-secures-approval-from-us-forest-service-for-stibnite-gold-project-302342905.html
The Project is primed to deliver substantial environmental and economic benefits to the region, and stronger security to the nation. Locally, the Project is anticipated to provide more than one billion investment dollars and an average of 550 jobs to rural Idaho during operations. Expected to be one of the highest-grade open pit gold mines in the country, the Project contains an estimated 4.8-million-ounce gold reserve and is anticipated to produce 450,000 ounces of gold annually over the first four years of production. In addition, the estimated 148-million-pound antimony reserve is the only identified antimony reserve in the United States and is expected to supply roughly 35% of U.S. demand in the first six years of operations, based on 2022 US annual consumption as set forth in the 2023 USGS antimony commodity summary. Antimony is a listed critical mineral for its role in technology, defense, and energy products. However, in a pair of moves in late 2024, China — which is responsible for nearly half of all mined antimony output worldwide — cut off antimony exports globally, including to the United States. By securing a domestic mined antimony supply, the United States can reduce its reliance on foreign antimony producers and suppliers and strengthen its strategic mineral security.
The Stibnite Gold Project is designed to redevelop the abandoned Stibnite mine site in central Idaho for gold, silver and antimony, while also providing environmental restoration to the dormant site.
Truth and Transparency
7 hours ago
Mark Smith never fails to disappoint. Financing is imminent, competitive tension among financiers, vertical integration with IBC Advanced Alloys on scandium master alloy, SPAC will be good, NASDAQ will be good, Stellantis deal, EXIM…….over 10 years of smoke and mirrors at this point.
AlwaysOptimistic
7 hours ago
From the article: "The move is one of several planned for an executive order Trump could sign as soon as Wednesday after he told the U.S. Congress last week he would "take historic action to dramatically expand production of critical minerals and rare earths here in the USA."
As part of the order, the Pentagon would work with other federal agencies to install processing facilities on its bases, according to the sources, who were not authorized to publicly discuss the administration's deliberations.
Using military bases for processing would underscore the importance Trump is placing on critical minerals for national security. Fighter jets, submarines, bullets and other weaponry used by the U.S. military are built with minerals processed by Beijing.
Trump also plans to name a critical minerals czar, similar to steps previous presidents have taken to coordinate Washington's focus on other areas, according to one of the sources. The plans are under discussion and could change before Trump signs the order, the sources added."
The_Gman
9 hours ago
Not sure what this is about as we already have one that was signed into law by FDR in 1939:
Trump does not plan in the order to establish a U.S. critical minerals stockpile that would mimic the Strategic Petroleum Reserve, the sources said, a step that some in the administration and mining industry had sought.
https://uscode.house.gov/view.xhtml?path=&req=%28title%3A50+section%3A98+edition%3Aprelim%29&f=&fq=&num=0&hl=false&edition=prelim
https://crsreports.congress.gov/product/pdf/R/R47833
As of March 2023, the National Defense Stockpile contains $1.3 billion in total assets, including $912.3 million of stockpiled material. As of April 2023, current NDS inventory mitigates less than half of estimated strategic and critical materials shortfalls for military requirements; less than 10% of essential civilian demand shortfalls; and approximately 6% of total net shortfalls in “base case” national emergency scenarios. The vast majority of the $13.5 billion gap between current stockpile assets and current stockpile requirements would support nondefense critical infrastructure demand in the event of an attack on the United States.
TooSoon
9 hours ago
The article from Reuters has a theme. The environment, permitting, immediacy and USA.
1) NioCorp has already has the permits in hand. Federal and State!
2) NioCorp has done extensive planning to honor the environment through technology and engineering.
3) NioCorp has a shovel ready project ready with the land purchased!
If the USA wants a home grown source of Niobium, Titanium, Scandium, Neodymium-Praseodymium, Dysprosium, Terbium then, President Trump..
Start Your Engines!
AlwaysOptimistic
20 hours ago
Exclusive-Trump seeks minerals refining on Pentagon bases to boost US output, sources say
https://www.aol.com/news/exclusive-trump-seeks-minerals-refining-234046434.html
(Reuters) - U.S. President Donald Trump aims to build metals refining facilities on Pentagon military bases as part of his plan to boost domestic production of critical minerals and offset China's control of the sector, two senior administration officials told Reuters.
The move is one of several planned for an executive order Trump could sign as soon as Wednesday after he told the U.S. Congress last week he would "take historic action to dramatically expand production of critical minerals and rare earths here in the USA."
As part of the order, the Pentagon would work with other federal agencies to install processing facilities on its bases, according to the sources, who were not authorized to publicly discuss the administration's deliberations.
Using military bases for processing would underscore the importance Trump is placing on critical minerals for national security. Fighter jets, submarines, bullets and other weaponry used by the U.S. military are built with minerals processed by Beijing.
Trump also plans to name a critical minerals czar, similar to steps previous presidents have taken to coordinate Washington's focus on other areas, according to one of the sources. The plans are under discussion and could change before Trump signs the order, the sources added.
Some Trump administration officials were spooked by initial signs that China might restrict critical minerals exports as part of its retaliation for Trump's tariffs or for other reasons, according to a person familiar with their thinking.
The U.S. National Security Council did not respond to requests for comment.
With the Pentagon controlling about 30 million acres of land, the plan would ensure there is available land for the refining facilities, avoiding the controversy that sometimes occurs in host local communities. It would also avoid the need to buy land and avoid using land controlled by other federal departments.
A plan that prioritizes metals processing - rather than an overhaul of U.S. mine permitting - could irk U.S. miners but address a longstanding concern from manufacturers that China controls too much of the global metals processing sector.
China is a top global producer of 30 of the 50 minerals considered critical by the U.S. Geological Survey, for example.
It's not clear how Trump's plan for processing facilities on Pentagon bases could work from a regulatory perspective, as the U.S. Clean Air Act and Clean Water Act would still apply to Pentagon bases and those regulations have hindered private development of processing projects in the past.
Trump previously signaled a willingness for alternative uses of lands controlled by Washington. As a presidential candidate, he pledged to open up portions of federal land for large-scale housing construction, with zones that would be "ultra-low tax and ultra-low regulation."
Trump does not plan in the order to establish a U.S. critical minerals stockpile that would mimic the Strategic Petroleum Reserve, the sources said, a step that some in the administration and mining industry had sought. China stockpiles some critical minerals, including cobalt, and the U.S. government last year considered stockpiling the metal, which is used in missiles, aerospace parts, magnets for communication, and radar and guidance systems.
Trump also does not plan to order the Pentagon or other U.S. agencies to require vendors to use only U.S. minerals, what is known as a "Buy American" mandate, and one that junior miners especially have said is needed to offset China's market manipulations.
Nor would the order try to alter the federal mine permitting process, which was set by the 1970 National Environmental Policy Act, largely because such a move would require an act of Congress.
However, it would aim to expand the FAST-41 permitting process for mines, building on a step Trump took in his first term, according to the sources.
South32's Hermosa zinc-manganese project in Arizona was fast-tracked by former President Joe Biden, the first mine to receive that treatment.
The order would also seek to reclassify mine waste on federal land, mimicking a step that Rio Tinto, Freeport-McMoRan and others have taken to tap piles of old waste rock at U.S. mines previously thought to be worthless.
Such a reclassification could help produce copper and other minerals cheaper and faster than building new mines.
It was not immediately clear if Trump plans to declare copper as a strategic mineral, which would allow U.S. miners of the widely used metal tap into a 10% production tax credit. Phoenix-based Freeport, the largest U.S. copper miner, told Reuters on Monday it hopes Trump takes that step, which would save it $500 million annually.
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PutzMueler
5 hours ago
ColdDarkHole
5 hours ago
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