Latest news with #RawMaterialsSummit
Yahoo
23-05-2025
- Business
- Yahoo
Stockpiling strategic materials key to 'remilitarisation of Europe'
European security and defence were high on the agenda at the EIT RawMaterials Summit, held in Brussels from 13 to 15 May. With escalating geopolitical tensions surrounding Europe and within the continent itself from the ongoing Russia-Ukraine war, securing critical raw materials (CRMs) for defence applications is more important than ever. However, the consensus is that Europe is lagging far behind. Allard Castelein, special representative for raw materials strategy at Netherlands' Ministry of Economic Affairs, stated: 'A deep concern I have is whether there is a full appreciation of the urgency and what it takes to move from A to B.' He was speaking during a panel entitled Geopolitical Dynamics in Securing Europe's Defence Supply Chains on 14 May. Castelein asserted that the 2030 targets of the European Critical Raw Materials Act (CRMA) are 'out of reach'. These aim to ensure that 10% of the EU's annual demand is met through domestic extraction, 40% through domestic processing and 25% through recycling within the EU, as well as limiting dependency on a single third country for any individual CRM to no more than 65%. The CRMA lists 34 materials, of which 17 are considered 'strategic': bauxite, bismuth, boron, cobalt, copper, gallium, germanium, rare earth elements for permanent magnets, lithium, magnesium, manganese, graphite, nickel, platinum group metals, silicon, titanium and tungsten. The panellists spotlighted the importance of graphite in aircraft, submarines, tanks and missiles, for which Europe is heavily dependent on China. Of the CRMA's 47 strategic projects, 11 cover graphite extraction, recycling, substitution and processing. Institutions like the European Investment Bank (EIB) have a role to play in financing, as EIB vice-president Nicola Beer explained. 'The bank is already engaged with about 60% of the strategic projects under the CRMA. Part of the complex challenge is working on specific challenges of every raw material separately, with a special emphasis on defence.' Emanuel Proença, CEO of Savannah Resources, told Mining Technology: 'Europe absolutely needs a footing in CRMs and defence is a key opportunity.' Savannah is developing the Barroso lithium project in Portugal, which has been designated as a strategic project under the CRMA. The company is currently working towards completing the definitive feasibility study and submitting it for the final, confirmatory phase of the environmental licence by the end of 2025. Efforts by industry and regulators aim to address the 'fragmentation in the EU's defence industrial base', as outlined by last year's Draghi report on EU competitiveness. As the CRMA includes a soft request for national stockpiles, the report recommends a definition of mandatory EU-wide stockpiles to 'provide some certainty of supply'. The quantities of strategic materials needed for defence are small, confirmed Benjamin Gallezot, Interministerial Delegate for Supplies of Strategic Minerals and Metals at the French Prime Minister's Office, as he emphasised the importance of stockpiling. 'In 2023, the French Government adopted a specific legal framework which makes stockpiling mandatory for companies that are active in defence and for all production activities to be redirected to defence in times of emergency,' he stated. 'You cannot take a chance on defence, and stockpiling is a no-brainer.' In agreement was Joaquim Nunes de Almeida, director of DG Grow, which works to develop and implement EU policies that support businesses. 'We are talking about small quantities and projects that will be uncommercial forever. The state and public sector has to be able to subsidise these as we calculate what the remilitarisation of Europe means in terms of CRMs.' Gallezot confirmed that France is supplying the Netherlands with CRMs. 'Stockpiling is a European matter, not just a national question, but within member states, commercial stockpiles also help in a crisis to increase defence applications.' The CRMA requires large EU companies to become aware of strategic material supply risks and create appropriate mitigation strategies to be better prepared in case of supply disruptions. For defence-related manufacturing, this includes robotics, drones, rocket launchers, satellites and advanced chips. Joining the other panellists was Oleksandr Kubrakov, adviser to Ukraine's Ministry of Defence, who explained the country's tough position. 'In recent decades, the Ukrainian mining industry has been focused on short-term projects as there was no political stability for longer-term foreign investments,' Kubrakov said. While calling for NATO membership, Kubrakov added that as Ukraine is currently in an accession process to join the EU, 'it is time to act again. European companies could participate in projects at feasibility stages right now.' Going forwards, Krzysztof Galos, Undersecretary of State in Poland's Ministry of Climate and Environment, asserted that Europe's CRM list must be continually updated to meet the evolving needs of the defence sector. The list is reviewed and updated by the European Commission every three years, allowing for additional reviews upon request from the European Critical Raw Materials Board, based on monitoring and stress testing. 'There is no use having a defence industry without having resilient industrial activity. The two must be brought together,' concluded Castelein. "Stockpiling strategic materials key to 'remilitarisation of Europe'" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Military Metals Announces Participation at the EIT Raw Materials Summit as EU Implements ReArm Europe Plan/Readiness 2030, Brussels May 13-15
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI"), a company focused on the exploration and development of critical minerals projects, mainly antimony, is pleased to announce its participation in the European Union ("EU") sponsored European Institute of Innovation and Technology ("EIT") Raw Materials Summit, taking place in Brussels, Belgium, from May 13-15, 2025. The Company invites attendees, including EU officials, EU funding sources, institutional investors, and strategic industry partners to request a private meeting through the conference app. One of the main objectives of EIT Raw Materials is to connect critical minerals projects with funding opportunities as the EU aims to strengthen its domestic supply chains. Europe is entering an era of rearmament, and this conference couldn't be more timely to help connect critical defense mineral projects with the capital necessary to quickly develop them. "The ReArm Europe plan was announced in March 2025. It is a major EU defense initiative to strengthen Europe's military capabilities and take greater responsibility for its own security," stated Scott Eldridge, CEO of Military Metals. "The estimated potential funding is 800 billion Euros, with an emphasis towards European-made equipment. In parallel, the EU is pressing forward with the goals of the Critical Raw Materials Act to increase local production of key minerals including antimony. Participating in the EIT Raw Materials Summit is a valuable opportunity to showcase our commitment to future sustainable mining practices and to help the EU solve the issue of its control of key critical minerals. We look forward to engaging with industry leaders and contributing to discussions that will shape the future of critical raw materials in Europe." As one of the industry's premier conferences, the EIT Raw Materials Summit gathers global stakeholders to discuss the future of sustainable resource management. Military Metals will join policymakers, investors, and industry experts to explore breakthrough technologies, circular economy strategies, and responsible sourcing initiatives shaping the sector. More information can be found at: RawMaterials Summit | 2025 | RAW MATERIALS. For more information about Military Metals Corp. and its critical minerals initiatives, please visit: About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony. ON BEHALF OF THE BOARD OF DIRECTORS For more information, please contact: Scott EldridgeCEO and Director scott@ or info@ For enquiries, please call Jeremy Ross, VP Corporate Development 604-537-7556 This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the completion of the Company's review of the technical disclosure related to the asset, as well as future plans for maximizing value, and assumptions related to the continuation of the global demand for tin and continuation of the value of tin. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates, or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit
Yahoo
12-05-2025
- Business
- Yahoo
Military Metals Announces Participation at the EIT Raw Materials Summit as EU Implements ReArm Europe Plan/Readiness 2030, Brussels May 13-15
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI"), a company focused on the exploration and development of critical minerals projects, mainly antimony, is pleased to announce its participation in the European Union ("EU") sponsored European Institute of Innovation and Technology ("EIT") Raw Materials Summit, taking place in Brussels, Belgium, from May 13-15, 2025. The Company invites attendees, including EU officials, EU funding sources, institutional investors, and strategic industry partners to request a private meeting through the conference app. One of the main objectives of EIT Raw Materials is to connect critical minerals projects with funding opportunities as the EU aims to strengthen its domestic supply chains. Europe is entering an era of rearmament, and this conference couldn't be more timely to help connect critical defense mineral projects with the capital necessary to quickly develop them. "The ReArm Europe plan was announced in March 2025. It is a major EU defense initiative to strengthen Europe's military capabilities and take greater responsibility for its own security," stated Scott Eldridge, CEO of Military Metals. "The estimated potential funding is 800 billion Euros, with an emphasis towards European-made equipment. In parallel, the EU is pressing forward with the goals of the Critical Raw Materials Act to increase local production of key minerals including antimony. Participating in the EIT Raw Materials Summit is a valuable opportunity to showcase our commitment to future sustainable mining practices and to help the EU solve the issue of its control of key critical minerals. We look forward to engaging with industry leaders and contributing to discussions that will shape the future of critical raw materials in Europe." As one of the industry's premier conferences, the EIT Raw Materials Summit gathers global stakeholders to discuss the future of sustainable resource management. Military Metals will join policymakers, investors, and industry experts to explore breakthrough technologies, circular economy strategies, and responsible sourcing initiatives shaping the sector. More information can be found at: RawMaterials Summit | 2025 | RAW MATERIALS. For more information about Military Metals Corp. and its critical minerals initiatives, please visit: About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony. ON BEHALF OF THE BOARD OF DIRECTORS For more information, please contact: Scott EldridgeCEO and Director scott@ or info@ For enquiries, please call Jeremy Ross, VP Corporate Development 604-537-7556 This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the completion of the Company's review of the technical disclosure related to the asset, as well as future plans for maximizing value, and assumptions related to the continuation of the global demand for tin and continuation of the value of tin. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates, or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
