President Trump hosts a roundtable on American mining at the State Department — 8/7/2026

Summary

President Trump held a roundtable on American mining at the State Department, announcing over $3 billion in projects, government equity stakes, loans, and regulatory reforms to revive domestic mining and secure critical mineral supply chains. He highlighted successful investments in MP Materials and Intel, new loan agreements with Calin Nano Technologies, and the long-awaited permitting of Rio Tinto and BHP's Resolution Copper project. The administration also pledged $100 million for mining schools to train the next generation of miners.

• Trump announces a $400 million equity stake in MP Materials that has already grown to $1.2 billion.
• Calin Nano Technologies receives a $1.4 billion loan to build a next-generation battery facility in Washington.
• Resolution Copper, owned by Rio Tinto and BHP, finally obtained permits after 20 years, unlocking a $1B/year copper project.
• The administration is investing $100 million in mining schools to double or triple graduates.
• Secretary Rubio reports 27 new critical mineral agreements signed with other countries.
• Tariffs on steel, aluminum, and copper are credited with reviving domestic smelting and production.
• Deep sea mining and strategic mineral reserves are part of the broader push for US mineral dominance.