Cove Capital and AHQ Sign MOU to Enhance U.S.-Saudi Cooperation on Critical Minerals
Cove Capital LLC and AHQ signed a Memorandum of Understanding to collaborate on critical minerals projects, enhancing U.S.-Saudi industrial capabilities and supply chains. The agreement aims to establish joint ventures, evaluate mining assets, and develop processing capacities while aligning with Saudi Vision 2030 and U.S. initiatives for critical minerals.
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Cove Capital LLC and AHQ have signed a Memorandum of Understanding to advance cooperation on critical minerals. This agreement will create a framework for collaboration to identify and develop mining projects aimed at strengthening supply chains between the U.S. and Saudi Arabia.
The partnership will assess upstream and midstream assets and establish a critical minerals investment fund. It aligns with Saudi Vision 2030 goals and U.S. strategies for enhancing critical mineral supply chains. A Joint Steering Committee will oversee project coordination and opportunities, with financing from both Saudi and U.S. sources.
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