Adv
LANGUAGES
English
Hindi
Bangla
German
AL CIRCLE

Exploring Alaska’s critical mineral potential is a whopping $9.4 million federal-funded programme

EDITED BY : 3MINS READ

Alaska boasts deposits of 49 of the 50 minerals deemed critical to the United States economy, national security, and clean energy ambitions. Yet, many of these vital resources do not reside within traditional ore deposits. Instead, they are often byproducts of conventionally mined metals such as copper, gold, silver, and zinc or are associated with vast coal and carbon ore reserves scattered across the state.

Exploring Alaska’s critical mineral potential is a whopping $9.4 million federal-funded programmeImage Source: https://www.ey.com/

{alcircleadd}

To unlock Alaska’s potential as a major domestic supplier of critical minerals, the United States Department of Energy (DOE) has allocated $7.5 million to the University of Alaska Fairbanks (UAF). This funding will support regional-scale assessments of critical minerals across Alaska and the Pacific Northwest, which includes the states of Oregon and Washington.

The initiative is part of a broader US$ 45 million investment targeting six regions across the United States, from Alaska to the Appalachian Mountains. 

According to Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management, “This funding aims to rebuild the domestic supply chain for critical minerals, enhancing national security while fostering clean energy and industrial growth.”

Read the full story for FREE
Also unlock other exclusive content
eventimgEvents
e-magazine-newse-Magazines
Report-newsReports
Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 3MINS READ
Adv
Adv
Adv

Responses

Adv
Adv
Adv
Adv
Adv
Business Leads VIEW ON AL BIZ