Latest U.S. initiative to create domestic stockpiles.
U.S. mining company Ramaco Resources plans to establish a national critical minerals stockpile at its Brook Mine in Wyoming, the company announced Monday. The Strategic Critical Minerals Terminal (SCMT) will store rare earth elements and other critical minerals for both government and private industry. Ramaco said it plans to integrate extraction, processing, and secure storage into a single operation. The site could serve as a domestic hub linking miners and manufacturers, with the company considering offering tolling and storage services for other producers as well.
Growing U.S. Stockpile Initiatives
The announcement comes amid growing federal efforts to strengthen U.S. mineral security. The “One Big Beautiful Bill Act,” signed in July 2025, allocates $2 billion to expand the National Defense Stockpile and marks a broader shift toward direct federal procurement and stockpiling.
In August 2025, private firms M2i Global and Volato Group, backed by the Departments of Defense and Energy, announced plans for a Strategic Mineral Reserve (SMR) at the Hawthorne Army Depot in Nevada (we reported). The facility will store gallium, graphite, copper, and other materials while investing in domestic refining capacity.
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