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Southern Cross Gold Consolidated Ltd. press release

US Infrastructure Policy a Boon for Industrial Metals

TSX - Toronto Stock Exchange · Australia

The $1 trillion infrastructure packageintroduced by the Biden Administration will help boost the demand for aluminum, copper and steel as well as improve the domestic supply of critical minerals and battery metals.That package includes roughly $6 billion set aside for battery materials manufacturing and processing projects, with more than $100 million being issued for the development of a rare earth demonstration plant. The objective of the Biden Administration is to invest in domestic critical metals production.

Presently, about 80% of the rare earth metals used in the United States is imported from China. The $140 million awarded will build a rare earth facility that will show the commercial viability of a full-scale integrated rare earth metal extraction, separation and refining facility...

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NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at http://ibn.fm/FEMFF

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Earlier from Southern Cross Gold Consolidated Ltd.