"The planned investments are part of a wider $1.5 trillion effort known as the Security and Resilience Initiative (SRI), which was announced by the world's largest bank in October. Days after launch, J.P. Morgan revealed its first investment as part of initiative: a $75 million equity investment in Perpetua Resources, which is aiming to become the first US-based producer of the versatile critical mineral antimony, which has applications in the defense sphere for items like batteries and ammunition."
"JAY HORINE: The reality is J.P. Morgan has been doing this for a long time. We have been supporting America, America's companies, our entire ecosystem. [JPMorganChase CEO] Jamie [Dimon] wrote an op-ed piece on Oct. 13, when he announced the formation of the Security and Resiliency Initiative, where he talked about the need to provide America and these companies with an acceleration in response to the understanding that we had of being behind"
JPMorganChase pledged $10 billion over the next decade to bolster defense, advanced manufacturing, and national security capabilities as part of a $1.5 trillion Security and Resilience Initiative. The bank committed a $75 million equity investment in Perpetua Resources to support domestic production of antimony for batteries and ammunition. Executives identified priority areas including defense supply chains, critical minerals, advanced manufacturing, and a Pentagon focus on nuclear submarine construction. Investments will include non-venture-backed companies and aim to accelerate U.S. industrial capacity, strengthen resilience, and address identified shortfalls in strategic sectors.
#defense-investment #national-security #critical-minerals #advanced-manufacturing #nuclear-submarines
Read at Breaking Defense
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