Pioneer Minerals (ASX:PMM) has accepted membership with the US Defense Industrial Base Consortium (DIBC).
Pioneer will participate in DIBC programs that strengthen US defense industrial base resilience, accelerate research, develop prototypes, and expand domestic production of “strategically important” materials and technologies.
The US Department of Defense-funded initiative also aims to strengthen and expand defense industrial base and critical supply chains. The company hopes this membership will progress its Springfield Tungsten Project which is in the North Pine Project at Idaho, US.
“Participating in the DIBC provides Pioneer with [a] direct platform to collaborate with US government agencies, defense contractors and industry participants, focused on building secure supply chain[s] for these materials,” CEO Michael Beven says.
“We believe the Springfield project has the potential to contribute meaningfully to US tungsten supply, and our participation in the DIBC enhances Pioneer’s ability to advance development pathways, pursue potential non-dilutive funding opportunities, and evaluate downstream processing partnerships.”
Advanced Technology International manages DIBC on behalf of the US Department of War. It operates under another transaction agreement framework, which is established by the department’s manufacturing capability expansion and investment prioritisation directorate.
Pioneer Minerals is a uranium and lithium exploration firm with assets in Colorado (US), Namibia (Africa), and Canada.
Write to Richard Szabo at Mining.com.au
Images: Pioneer Minerals
