Bloomberg Podcasts · Rare Earth Minerals Expected to be Central to Trump, Xi Talks

1. 1. Building North American rare earth supply chain for defense, independent of China by 2027 deadline.
2. 2. China dominates 80-90% of rare earth market, making rapid North American supply chain difficult.
3. 3. Company leverages existing Ohio and Saskatchewan infrastructure, expecting production from facilities this year or next.
4. 4. Company has defense contracts and $200 million Exim LOI, but no direct government funding.
5. 5. Rare earth magnets vital for tech, security; China's dominance is a critical geopolitical concern.