Pakistan, US Seal $500M Deal on Critical Minerals

ISLAMABAD – Pakistan and the United States have signed a landmark Memorandum of Understanding (MoU) to bolster cooperation in exploring and producing critical minerals — elements vital to defense, aerospace, and advanced technologies.

Under the agreement, Pakistan’s Frontier Works Organization (FWO) will partner with Missouri-based U.S. Strategic Metals (USSM) to export minerals like antimony, copper, gold, tungsten, and rare earth elements. The initial phase, valued at approximately $500 million, includes plans for a poly-metallic refinery in Pakistan to process intermediate and finished mineral products for the U.S. market.
ProPakistani
AP News

Key officials from the U.S. and Pakistan—including diplomats and economic and security leaders—participated in high-level meetings to outline next steps such as forming joint teams, prioritizing environmental sustainability, and developing long-term partnerships.
ProPakistani
Arab News

This milestone not only deepens economic ties but also positions Pakistan as a strategic mining partner in the global supply chain for critical minerals.