LBSR: OTCBB
Dec. 22, 2017
For Immediate Release
Trump Signs Order to Boost U.S. Production of Critical Minerals
Dec 20 – From Bloomberg.com By Susanne Barton| https://bloom.bg/2Dp3oO1
President Donald Trump signed an executive order to reduce dependency of critical minerals used in everything from batteries to phones.
“The comprehensive order aims to identify new sources of critical minerals, ensure miners and producers have access to the best data, and streamline the leasing and permitting process to expedite production, reprocessing and recycling of minerals at all levels of the supply chain,” according to a statement Wednesday from the White House.
The U.S. in 2016 was reliant on imports for 23 minerals including cobalt, lithium, graphite and rare-earth elements, according to a report released this week by the Department of the Interior. The U.S. was most reliant on China, which supplied the world’s biggest economy with at least 20 critical minerals, the report said.
The move could “open up new avenues of growth,” said Andrew Cosgrove, senior energy and mining analyst at Bloomberg Intelligence. Companies may be less inclined to “seek out properties in foreign countries.”
“This executive order will prioritize reducing the nation’s vulnerability to disruptions in our supply of critical minerals safely and responsibility for the benefit of the American people,” Trump said in the statement.
States CEO/ Chief Geologist James A. Briscoe:” Of the 23 minerals specifically mentioned in the USGS report issued in conjunction with President Trump’s executive order, our Hay Mountain Project area has substantive geochemical finding for cobalt, manganese, and rare earth elements. It is well past time to get ahead of securing critical minerals for the safety and prosperity of our nation. I applaud the President’s team for bringing him the resources he needs to act on this issue. Truly, this order is not only near and dear to Liberty Star’s shareholders but of profound importance for our country’s future.”
On behalf of the Board of Directors and Liberty Star staff we wish all a Merry Christmas and Happy New Year,
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
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