New Earth talks U.S. proclamation re critical minerals

Executive Summary

• New Earth Resources Corp. publicly supports President Trump’s Jan. 14, 2026, U.S. presidential proclamation under Section 232 of the Trade Expansion Act of 1962, which aims to strengthen critical minerals supply chains and reduce reliance on non-allied jurisdictions.
• The company views the proclamation as validation of the strategic value of North American critical mineral resources, specifically highlighting its rare earth element (REE) projects in Quebec and Labrador as aligned with U.S. national security and supply chain resilience goals.
• The release outlines potential industry implications, including increased investment in North American processing infrastructure and sustained demand for heavy rare earth elements due to their critical role in the defense industrial base.

Key Details

• Proclamation Details: The U.S. proclamation addresses imports of processed critical minerals and derivative products, citing a Section 232 investigation that found the U.S. is 100% net-import reliant for 12 critical minerals and 50%+ reliant for 29 others.
• Strategic Alignment: New Earth Resources emphasizes its jurisdictional footprint in stable, allied nations (Canada) with strong regulatory frameworks, positioning its projects to benefit from the U.S. push to reduce reliance on non-allied jurisdictions.
• Company Project Portfolio:
  • Lucky Boy Property: 100%-owned, past-producing uranium property in Gila County, Arizona, USA. Consists of 14 lode claims spanning ~273 acres, with historical production in the 1950s and 1970s.
  • Saskatchewan Claims: Three claims covering 365 hectares included in the uranium portfolio.
  • Strange Lake (SL) Project: Option to acquire 100% interest in 23 claims (~1,102 hectares) in Quebec, Canada, prospective for rare earth elements.
  • Red Wine Project: Option to acquire 100% interest in two non-contiguous mineral claims (~1,575 hectares) in Labrador, Canada, focused on rare earth elements.
• Industry Implications Highlighted:
  • Processing Infrastructure: Identified processing capacity as a critical choke point, potentially driving government and private sector investment in North American separation and refining facilities.
  • Defense Demand: Rare earth permanent magnets identified as vital to defense systems, supporting long-term demand fundamentals for heavy rare earth elements.

Notable Quotes

• "This proclamation highlights the increasing focus by the United States on supply chain security for critical minerals," said Lawrence Hay of New Earth Resources. "As a Canadian-based exploration company, with two projects prospective in REE [rare earth elements] located in Quebec and Labrador, respectively, we believe our jurisdictional footprint and project focus align well with the long-term objective of supporting resilient, allied supply chains for critical minerals."