U.S. Recognizes Gold as Strategic Mineral Under Trump Executive Order

The recent U.S. Executive Order signed by President Trump categorizes gold as a strategic mineral, aiming to bolster domestic mineral production and enhance national economic security. This policy shift is welcomed by companies like Lexington Gold, which sees it as a significant development that could expedite permitting processes and open avenues for government support, benefiting their projects in the Carolinas. Additionally, U.S. GoldMining has expressed support for the order, indicating it will positively impact domestic mining projects, including their Whistler gold and copper initiative. Industry experts note that gold prices are currently high, driven by increased demand from investors, particularly in China and the U.S., amid economic uncertainties. Analysts suggest that gold is viewed as a safe investment, especially in light of potential inflationary pressures from tariffs. Overall, the recognition of gold's strategic importance reflects broader trends in the mining sector and the evolving landscape of mineral production in the U.S.