What's Happening?
Volato Group and M2i Global have announced plans to develop the first Strategic Minerals Reserve (SMR) in the U.S., located at the Hawthorne Army Depot in Nevada. This initiative aims to secure a stable supply of critical minerals like gallium, graphite, and copper, essential for national defense and clean energy projects. The SMR will focus on storage, refinement, and distribution, supported by federal and state agencies, including the Nevada Governor’s Office of Economic Development. The project emphasizes ethical sourcing and traceability, with advanced AI tools for inventory management.
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Why It's Important?
The establishment of the SMR is a strategic move to bolster U.S. national security and economic competitiveness by ensuring a reliable supply of critical minerals. This initiative addresses vulnerabilities in the supply chain, particularly in the face of international market manipulation. By securing these resources, the U.S. can enhance its defense capabilities and support clean energy initiatives, driving innovation and economic growth. The SMR also promises job creation and federal investment in Nevada, strengthening local economies.
What's Next?
The SMR will continue to develop partnerships with universities and technical institutes for workforce development. It will also expand its network of certified partners for ethical sourcing. The initiative is expected to attract further federal investment and private sector collaboration, enhancing refining and recycling capabilities within the U.S.
