USSM's Critical Minerals Project Gets a Major Boost of $100.8 Million

U.S. Strategic Metals (USSM) announced on November 5 a major milestone in its mission to bolster the US supply chain for critical battery metals. The United States Citizenship and Immigration Services (USCIS) has granted expedited federal approval for USSM's $100.8 million EB-5 program application, a crucial step in financing the company's critical minerals project.

Headquartered in St. Louis, Missouri, USSM will produce cobalt sulfate, nickel sulfate, and lithium carbonate from cobalt hydroxide and black mass, recycled materials derived from spent lithium-ion batteries and battery scrap.

The expedited approval underscores the strategic importance of domestic production of cobalt, nickel, and lithium for the United States. As the nation accelerates its transition to clean energy, securing a reliable supply of these critical materials is paramount. USSM's Missouri project is poised to play a pivotal role in this endeavor.

This innovative approach not only addresses the growing demand for battery metals but also promotes sustainable practices by recycling end-of-life batteries.

The EB-5 Investor Program, a US government initiative, offers foreign investors a pathway to US permanent residency through job-creating investments in new commercial enterprises. To qualify, investments must create at least ten full-time jobs for US workers within two years. By utilizing this program, USSM is attracting foreign investment to support its domestic operations and contribute to the US economy.

USSM CEO Stacy Hastie expressed enthusiasm about the approval, stating, "This approval is a recognition of our plan to create jobs in Missouri. The Missouri Project will secure domestic supplies of essential materials, generate high-quality jobs, and boost the regional economy." Hastie further emphasized the company's commitment to working with foreign investors who support USSM's vision of becoming a key processor of critical minerals, thereby contributing to the domestic manufacturing of electric vehicles and batteries.  

As North America's sole sustainable, long-term battery metals production and processing solution, USSM is dedicated to providing reliable, ethically sourced, and environmentally friendly critical minerals. The company's strategic positioning enables it to meet the surging demand for electric vehicles and lithium-ion batteries while prioritizing sustainability and ethical sourcing. By securing this crucial approval and executing its ambitious plans, USSM is poised to make a significant contribution to the US energy transition and economic growth.

About USSM –

USSM is a leading provider of critical minerals and rare earth elements that are vital to the manufacturing of advanced technologies, renewable energy solutions, and defense applications. With a mission to strengthen the United States' supply chain for critical materials, USSM is committed to sourcing, refining, and delivering high-quality metals essential for the modern economy. The company emphasizes domestic sourcing, supporting national security and industrial competitiveness by reducing dependence on foreign supply chains.