Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
Investing

Trump Administration Fast Tracks Permitting for Key US Mining Projects

by admin April 24, 2025
April 24, 2025
Trump Administration Fast Tracks Permitting for Key US Mining Projects

The Trump administration has fast tracked the permitting of 10 US mining projects under the FAST-41 infrastructure initiative, escalating the government’s strategy of bolstering domestic minerals output and reducing foreign reliance.

The announcement, made on April 18 by the White House and the Federal Permitting Improvement Steering Council (Permitting Council), comes in direct response to President Donald Trump’s executive order, which mandates swift and accountable action to facilitate the development of the nation’s vast mineral reserves.

“This is the first use of the Permitting Council’s transparency authority, and we look forward to showcasing the many benefits the Federal Permitting Dashboard can bring to critical infrastructure projects,” said Manisha Patel, acting executive director at the Permitting Council.

The ten projects, which include sites for lithium, copper, antimony, phosphate, potash, and metallurgical coal, have been formally granted FAST-41 status—a designation from the 2015 Fixing America’s Surface Transportation (FAST) Act that streamlines environmental reviews and interagency coordination for major infrastructure projects.

The status does not exempt them from environmental regulations but aims to cut bureaucratic delays and improve transparency by publishing real-time permitting progress on a federal dashboard.

Among the fast-tracked projects are:

  • McDermitt exploration project in Oregon — HiTech Minerals
  • Caldwell Canyon phosphate mine in Idaho
  • Lisbon Valley copper project in Utah
  • Michigan potash project
  • Libby exploration project in Montana

While some of these projects are still in exploration or environmental assessment stages, their inclusion on the dashboard signals priority status.

In practice, this means their permitting timelines will now be coordinated among relevant agencies and tracked publicly to reduce administrative redundancies that have historically delayed US mining ventures for up to a decade.

The move underscores the Trump administration’s broader policy of “American Energy Dominance,” which includes securing domestic supply chains for critical materials used in electronics, electric vehicles, clean energy technologies, and military hardware.

A recent Interior statement warned that continued dependence on imports—especially from geopolitical competitors like China—poses a threat to national security.

“For too long, duplicative processes and regulatory paralysis have delayed the development of the minerals America needs to power everything from national defense systems to smartphones,” Adam Suess, Acting Assistant Secretary for Land and Minerals Management at the Department of the Interior, emphasized in the same release.

“By cutting red tape and increasing accountability, we’re making it clear that under President Trump, the United States is serious about being a global leader in critical minerals,” Suess added.

The designation also includes expansions to lithium projects, with Albemarle’s Silver Peak Mine in Nevada—currently the only operating lithium mine in the US—now poised for accelerated expansion.

The focus on lithium, antimony, copper, and rare earth elements comes as the US seeks to diversify supply away from China, which currently dominates the global trade in many of these strategic materials.

Furthermore, the announcement follows President Trump’s directive earlier this month to launch a federal probe into possible new tariffs on all critical mineral imports, signaling a more aggressive stance toward reshoring key elements of the nation’s industrial supply chain.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Keep reading…Show less

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Oil and Gas Price Update: Q1 2025 in Review
next post
Walker Lane Resources: Advancing High-grade Gold, Silver assets in North America’s Prolific Regions

You may also like

Zodiac Gold Announces Exclusivity Agreement and Exploration Funding

September 30, 2024

Rio Tinto Delivers Resilient Q1 Performance, Commits to...

April 19, 2024

FY24 R&D Refund Advance Received to Accelerate Pilot...

September 7, 2024

Dr. Nomi Prins: Real Assets Due for Major...

July 17, 2024

Multiple Work Programs Underway and Planned at Radium...

April 12, 2024

Top 10 Manganese-producing Countries (Updated 2024)

July 30, 2024

Alvopetro Announces January 2025 Sales Volumes, Quarterly Natural...

February 5, 2025

Kerry Stevenson: Ready to Invest After Cashing Out...

July 24, 2024

Altech Batteries

September 19, 2024

Initial Exploration Program Completed at Cosmo Gold Project

April 29, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Tartana Drilling to Verify Upgrading of 45,000 Tonne Copper Resource

    • 2

      Magic mushrooms effective for treating depression – study

    • 3

      Lancaster Resources Welcomes Three Highly Experienced Industry Experts to Its Advisory Board

    • 4

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China

    • 5

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    Categories

    • Business (1,201)
    • Investing (2,965)
    • Science (605)
    • World (3,595)
    Footer Logo

    Disclaimer: dailywashingtoninsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 dailywashingtoninsider.com | All Rights Reserved