Issued on behalf of Homeland Uranium Corp.
VANCOUVER – Baystreet.ca News Commentary – Western governments are moving billions into strategic minerals production as 10 new commodities including uranium, copper, and tungsten joined America's critical minerals list in early November[1]. Days later, the U.S. Department of Energy announced $355 million in funding to expand domestic mining and processing capacity for materials essential to defense, manufacturing, and energy production[2]. North American producers with permitted assets are attracting both government support and institutional capital as supply chain vulnerabilities become national security priorities, positioning companies like Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF), Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII), NioCorp Developments Ltd. (NASDAQ: NB), Rio Tinto Group (NYSE: RIO), and Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF).
Canada launched a C$2 billion sovereign fund for critical minerals equity investments in November, signaling sovereign wealth commitment to Western supply chains[3]. With China maintaining dual-use export restrictions on strategic materials despite recent suspensions, companies with domestic projects are securing offtake agreements and government partnerships that create timing advantages before broader market recognition[4].
Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) recently commenced drilling at its Coyote Basin Project in Colorado. The Phase II exploration program targets historical resource-bearing locations identified by previous operators. Part 1 of the program includes approximately 35 reverse circulation holes totaling 17,000 feet, with drilling expected to take six to eight weeks.
"Homeland and our shareholders have been eagerly anticipating the commencement of our maiden drilling campaign at Coyote Basin since the inception of the Company in March," said Roger Lemaitre, CEO of Homeland Uranium. "Our initial drilling efforts will focus on the southernmost two of the three mineralized areas defined in the late 1970s by the previous operator Western Mining with the objective of initiating the conversion of the known historical uranium resources to modern resource standards."
The drilling follows Homeland's recent acquisition of the Skull Creek Project, which includes the Cross Bones Uranium Deposit located near Coyote Basin. The company now controls a larger land package with two separate deposits in the northern portion of the Colorado's Plateau. Both properties contain historical uranium resources that could help meet growing demand for domestic uranium supply.
"The addition of the Cross Bones Uranium Deposit on the Skull Creek Property is a tremendously exciting acquisition for Homeland," said Lemaitre. "Strategically located in close proximity to our Coyote Basin Project in mining-friendly Colorado, we anticipate Skull Creek providing significant potential operational synergies with Coyote Basin and further strengthens our position in the district."
Homeland secured the necessary approvals to begin drilling earlier this year. The company received permits in September to start drilling at Coyote Basin. Before that, it filed paperwork with the Bureau of Land Management to begin exploration work.
The Coyote Basin Project has already shown promise. A Phase I program confirmed 14 kilometers of uranium strike length potential across the property. The project sits in a region with a long history of uranium production, and Colorado's mining-friendly regulations make it easier to operate compared to other states.
The timing works in Homeland's favor. Uranium prices have climbed as nuclear energy gains support. The U.S. imports most of its uranium, which creates supply chain concerns. Domestic producers could benefit from policies that favor local sourcing. Homeland is positioning itself to potentially fill that gap with two drill-ready projects in a supportive jurisdiction.
CONTINUED… Read this and more news for Homeland Uranium Corp. at: https://usanewsgroup.com/2025/11/10/ai-needs-nuclear-2-5b-team-targets-upgrading-79-6m-lbs-historical-resource-estimate/
Almonty Industries (NASDAQ: ALM) (TSX: AII) has completed acquisition of 100% ownership of the Gentung Browns Lake Tungsten Project in Montana, adding one of the most advanced undeveloped tungsten assets in the United States to its global portfolio. The project holds 7.53 million tonnes of mineral resources grading 0.315% WO₃ and is targeting potential production readiness by the second half of 2026 with expected annual output of 140,000 metric ton units.
"This closing marks a transformative moment for Almonty," said Lewis Black, Chairman and CEO of Almonty Industries. "By entering the United States, we are expanding into the world's most strategic market for tungsten, one that is actively rebuilding domestic supply chains and reducing reliance on China. The Gentung Browns Lake Project positions Almonty as a long-term, integrated United States supplier capable of supporting critical industries, from defense and aerospace to semiconductors and advanced manufacturing."
The acquisition positions Almonty to supply tungsten directly from within the United States industrial base as demand for secure, non-Chinese tungsten sources continues to grow. With construction of the Sangdong Mine in South Korea advancing toward completion and steady production at the Panasqueira Mine in Portugal, the company is establishing a Western tungsten platform spanning three continents.
NioCorp Developments Ltd. (NASDAQ: NB) warned that China's dual-use export licensing requirements on heavy rare earths remain in place despite confusion suggesting loosened restrictions, emphasizing the critical need to onshore production of these minerals as the United States imports 100% of its niobium and scandium. Executive Chairman and CEO Mark A. Smith addressed these supply chain vulnerabilities at the recent Morgan Stanley National Security & Critical Materials Symposium.
"There's mass confusion again. There are suggestions that China agreed to loosen the heavy rare earth restrictions announced in October, but not the ones announced in April," said Mark A. Smith, Executive Chairman and CEO of NioCorp Developments. "In terms of rare earth permanent magnets, it's the April list that matters, not the October list. And notwithstanding either list, China is still requiring dual use export licenses, and they've been very verbal that none of these heavy rare earths can be used in U.S. military applications."
The company's Elk Creek Critical Minerals Project in southeast Nebraska is positioned to produce niobium, scandium, titanium, and magnetic rare earth elements subject to project financing. Smith emphasized the strategic importance of onshoring these supply chain activities so the U.S. government can secure domestic production without concerns about export licenses or foreign supply decisions.
Rio Tinto Group (NYSE: RIO) and Canada Growth Fund Inc. announced a transaction to advance Canadian scandium production with CGF investing approximately C$25 million to expand nameplate capacity to nine tonnes per annum at North America's sole scandium oxide production facility in Sorel-Tracy, Québec. The facility, which began production in 2022 and accounts for the entirety of North American scandium supply, extracts high-purity scandium directly from waste streams of titanium dioxide production at Rio Tinto's operations.
"Rio Tinto is pleased to partner with CGF and the Government of Canada to expand our Canadian production of scandium oxide, a high-performance material used for advanced manufacturing and energy generation," said Sophie Bergeron, Rio Tinto Iron and Titanium and Diamonds Managing Director. "This project leverages an innovative process developed in Canada by our scientists, fully supplied from our domestic mining and metallurgical assets to provide a secure, North American supply of this critical mineral."
Scandium is a strategically important rare metal essential for high-performance aluminum alloys, solid oxide fuel cells, and emerging technologies, with applications ranging from defense platforms and lightweight vehicle manufacturing to alternative power solutions for buildings and data centers. The Government of Canada has entered into commercial agreements including an offtake agreement to purchase scandium and a marketing and storage agreement with Rio Tinto to strengthen Canada's critical minerals supply chain.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has signed a memorandum of understanding with Qatar Investment Authority to collaborate on the exploration, development, and mining of critical minerals essential to the global energy transition. The agreement follows QIA's US$500 million strategic investment into Ivanhoe Mines announced in September 2025 and was signed during His Highness The Amir of Qatar's visit to the Democratic Republic of the Congo.
"The signing of the MoU, together with the strategic investment by the Qatar Investment Authority, is a strong vote of confidence in Ivanhoe Mines' and our mission to supply the strategic metals that power global electrification and the rise of AI and large-scale datacentres," said Robert Friedland, Executive Co-Chair of Ivanhoe Mines. "We are excited to build this long-term, world-class alliance as we unlock new frontiers in our hunt for the next generation of great discoveries, which we will sustainably mine together."
The partnership will support Ivanhoe's efforts to develop projects including the Western Forelands exploration work in the DRC and the Makoko District. The MoU establishes a framework for potential collaboration on strategic mergers and acquisitions, infrastructure development related to critical minerals projects, and downstream smelting or refining capacity.
Article Sources: https://usanewsgroup.com/2025/11/10/ai-needs-nuclear-2-5b-team-targets-upgrading-79-6m-lbs-historical-resource-estimate/
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SOURCES CITED:
1. https://www.supplychaindive.com/news/usgs-releases-2025-list-of-us-essential-minerals/805364/
2. https://www.energy.gov/articles/energy-department-announces-355-million-expand-domestic-production-critical-minerals-and
3. https://www.miningweekly.com/article/canada-launches-c2bn-critical-minerals-sovereign-fund-2025-11-05
4. https://www.cnbc.com/2025/11/10/china-suspends-some-critical-mineral-export-curbs-to-the-us-as-trade-truce-takes-hold.html
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