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The US government plans to establish an overseas mining project fund with Orion.
Jin10 data September 17 news, the U.S. government is in talks with investment firm Orion Resource Partners to establish a multi-billion dollar overseas mining project fund. According to informed sources, the U.S. International Development Finance Corporation (DFC) and New York-based Orion will each invest $600 million or more into the new fund, with potential participation from other sovereign investors and U.S. government agencies. The fund will invest in mining projects for key minerals such as copper and rare earths, which are critical for defense and high-tech manufacturing.