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Domestic Resources
Domestic Resources

Mineral Resources We Need for the Future of Energy

A Feasible Path to U.S. Energy Security

The U.S. produces only a small fraction of copper, nickel and cobalt. Demand for these materials are projected to increase significantly in the coming years because they are the backbone of America’s economy.  

As one of the world’s largest undeveloped copper-nickel resources, NewRange has the potential to: 

  • Contribute to a more resilient domestic supply chain of these critical minerals 
  • Reduce reliance on foreign sources  
  • Strengthen America’s global competitiveness 

Copper

  • Federally designated critical mineral
  • Essential for conducting and transmitting electricity, power grid infrastructure, industrial systems, medical equipment, and many modern technologies
  • The U.S. produces just 5% of the world’s copper and relies on foreign sources for more than 45% of its copper
  • NewRange could produce 18.6 million tons of copper, or enough to build 85 million single-family homes, or 130,000 multifamily units. (Source: Copper Development Association)

Nickel

  • Federally designated critical mineral
  • Key component for batteries (including portable devices and industrial uses) and corrosion-resistant alloys
  • The U.S. produces just 0.21% of the world’s nickel and relies on foreign countries for more than 48% of its nickel
  • NewRange could produce 4.6 million tons of nickel, or enough to produce 57 million tons of stainless steel. (Source: Nickel Institute)

Cobalt

  • Federally designated critical mineral Used in electronics, consumer products, aerospace components, and battery technology
  • The U.S. produces just 0.10% of the world’s cobalt and relies on foreign countries for more than 76% of its cobalt
  • NewRange could produce: 510,000 tons of cobalt, or enough to build 38 million EVs. (Source: International Energy Agency)

Platinum Group Metals

  • NewRange also contains platinum group metals (PGMs), which are essential for automotive catalytic converters, reducing auto emissions
  • NewRange could produce 27.4 million ounces of palladium, or enough to supply 1 million catalytic converters

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