Amermin Wins $11.5M DOE Grant to Scale Critical Mineral Processing

Amermin’s $11.5M DOE Grant to Scale Critical Mineral Processing

Amermin, an Austin, Texas-based critical minerals recycler and refiner, has secured an $11.5 million grant from the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management. This significant funding will allow the company to scale up its operations, particularly in the processing of tungsten carbide, a critical material widely used in industries like defense, aerospace, and energy.

Founded in 2017, Amermin focuses on processing key metals and minerals, including tungsten, copper, nickel, cobalt, and graphite. These materials are essential in nearly every industrial sector. However, they are often sourced from foreign nations, such as China, which dominates the global tungsten supply. This reliance on foreign suppliers creates supply chain risks and national security concerns.

Scaling Domestic Processing Capabilities

Amermin’s CEO, Ryan McAdams, thanked the DOE for its trust in the company. “This funding will increase our tungsten carbide output by 300 percent,” he stated. The grant will reduce U.S. reliance on foreign sources and enhance domestic production. By expanding its tungsten carbide reclamation facility, Amermin aims to strengthen the supply chain for critical minerals.

The company will use the grant to expand its 80-acre campus in Briggs, Texas, currently under construction. The expansion includes upgrading metallurgical laboratories and adding more processing lines. These upgrades should be completed by the second quarter of this year.

Key Role in National Security and Industrial Growth

Amermin addresses the U.S. need for critical materials. McAdams emphasized, “America’s future depends on access to critical materials.” The company’s expansion is crucial for securing a stable supply of tungsten carbide and other minerals. The $11.5M DOE grant is an investment in national security and economic growth, especially in energy, defense, and aerospace sectors.

Amermin’s sister company, Drill Bit Exchange, has helped recycle over 56 million pounds of material from industries like energy, oil and gas, aerospace, and manufacturing. This experience solidifies Amermin’s position as a leader in critical minerals and enhances the U.S. supply chain.

SuperMetalPrice Commentary:

Amermin’s recent grant underscores the U.S. government’s growing commitment to reducing dependence on foreign critical mineral suppliers, particularly China. The expansion of Amermin’s processing capabilities will not only strengthen the domestic supply chain but also enhance the nation’s energy security. As industries like aerospace, defense, and healthcare demand more sustainable and reliable sources of these materials, Amermin is poised to play a pivotal role in the coming years. Investors should closely monitor developments in the critical minerals space, as efforts like these could shape the future of U.S. industrial growth.