Financial Post articleThis article (see link) from the Financial Post made me think about Defense Metals Corp:
U.S. looking to Canada for minerals to build electric vehicles, documents show Especially these two paragraphs:
Canadian firms are also able to apply for U.S. government grants under the U.S. Defense Production Act and other U.S. funding programs. There are no U.S. tariffs on Canadian EV battery metals or EV parts. The United States knows “that we are the most-secure and most-resilient source of metal imports for them,” Canadian Natural Resources Minister Seamus O’Regan told Reuters. Last week, privately-held USA Rare Earth invested in Search Minerals Inc.’s rare earths project in Newfoundland in eastern Canada. While USA Rare Earth already controls a rare earths deposit in Texas, executives said they wanted access to more of the minerals used to make electronics and weapons.
GLTA