This is unbelievable!!! And so good for us!! For buyers: "There shall be allowed as a deduction for the taxable year an amount equal to 200% of the cost paid or incurred by the taxpayer for the purchase or acquisition of critical minerals and metals which have been extracted from deposits in the United States."
For miners: "Special allowance for non residential real property used in the extraction of critical minerals and metals within the United States. New Structures—In the case of any qualified real property— 15‘‘[A] if such property is placed in service on or after the date of enactment of this sub-section, the depreciation deduction provided by section 167[A]) for the taxable year in which such property is placed in service shall include an allowance equal to 100 percent of the adjusted basis of such property."
For miners: “A grant awarded under subsection [A] may not exceed $10,000,000. [C] ECONOMIC VIABILITY. —In awarding grants under subsection [A], the Secretary of Defense shall give priority to projects the Secretary determines are likely to be economically viable over the long term. [D] SECONDARY RECOVERY. — In awarding grants under subsection [A] during a fiscal year, the Secretary of Defense shall seek to award not less than 30 percent of the total amount of grants awarded during that fiscal year for projects relating to secondary recovery of critical minerals and metals. [E] AUTHORIZATION OF APPROPRIATIONS. —There are authorized to be appropriated to the Secretary of Defense $50,000,000 for each of fiscal years 2021 through 2024 to carry out the grant program…” Noting each grant is to limited to US$10 million each and to finance pilot projects for the development of critical minerals or metals deposits in the USA only.