Utah Proposes Critical Minerals Lab for Federal Recognition and Funding
Utah plans to establish zones to capture 20%-25% of U.S. critical minerals demand and build a collaborative lab for extraction and processing. The state aims to secure federal funding for the proposed Minerals for Industrial, National, and Economic Security Center (MINES Center). Lawmakers seek to present plans by October 1 to advance mineral strategies. Recent discoveries in Utah County may provide significant reserves for advanced technologies, with support from industry and academia.
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Utah aims to capture 20%-25% of the U.S. critical minerals demand by creating zones and establishing a collaborative lab for extraction and processing. The legislature has passed a bill to advance mining and is seeking federal funding for the proposed MINES Center.
The state has identified hosting 50 of 60 critical minerals, making it the most diverse mineral estate. A new Critical Minerals Council must present plans by October 1. Recent discoveries in Utah County may yield vital resources for advanced technologies. Funding from the state is set at $1 million annually for the next decade, with hopes to leverage federal funds.
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