“Abigail Hunter, executive director of SAFE’s Center for Critical Minerals Strategy, said in a statement that while the energy transition away from fossil fuel requires minerals, companies in the U.S continue to face ‘anticompetitive maneuvering from foreign adversaries, and a challenging environment for private capital — two factors that have hamstrung countless promising projects from moving forward.’
The updated guidance, Hunter said, addresses a ‘known market failure’ and gaps in the bipartisan infrastructure law and the Inflation Reduction Act funding. ‘Bringing Title 17 funding off the sidelines for this essential purpose is a no-brainer for our national competitiveness and long-term sustainability objectives,’ added Hunter.
But Hunter said the biggest barrier to investment in the domestic mining and extraction space is still permitting, and that changes are badly needed.
Read the full story: “US and its partners unveil plans for financing minerals projects“
