US Strategic Metals Signs MOU with Virtus Minerals to Secure Direct U.S. Access to African Cobalt and Copper
U.S. Strategic Metals (USSM) and Virtus Minerals signed a Memorandum of Understanding (MOU) in Kinshasa, the capital of the Democratic Republic of the Congo (DRC). The two parties reached a strategic cooperation in critical minerals between North America and Africa. Under the agreement, cobalt, copper and other products produced at Virtus’ Chemaf project will be supplied directly to the United States, with priority given to processing at USSM’s multi-metallic hydrometallurgical plant in Fredericktown, Missouri. The facility is capable of processing critical minerals including cobalt, nickel, copper, lithium and rare earth elements. The partnership will strengthen America’s independent supply chain and reduce reliance on other adversary-controlled sources.