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Canstar Named Member of Nevada Tech Hub as Critical Minerals Program Receives $21 Million Grant from U.S. Economic Development Administration


CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) has proudly announced its membership in the University of Nevada, Reno’s Tech Hub Program for critical and EV materials. This membership marks a crucial step in Canstar’s critical minerals strategy, alongside its gold exploration work and the quest for North American sources of critical minerals. The Company’s Buchans-Mary March Projects in central Newfoundland are rich in copper, lead, and zinc, and its joint venture with Glencore plc further expands its reach.

By joining the Tech Hub Program, Canstar expects to engage with policymakers, private sector leaders, and investors aligned with its mission of securing the West’s critical minerals supply chain. This move aligns with U.S. initiatives such as the Minerals Security Partnership and the U.S.-Canada Joint Action Plan on Critical Minerals, which provide funds for mineral exploration and development projects.

Juan Carlos Giron Jr., Canstar’s President & CEO, emphasized the importance of stable supply chains for critical minerals in Western allied democracies. With a focus on copper, zinc, and lead at the Buchans-Mary March projects and gold and antimony at the Golden Baie Project, Canstar is well-positioned to capitalize on the rising demand for precious and critical metals. Building alliances and partnerships remains a key priority for the Company as it advances its mineral projects in a Tier 1 mining jurisdiction.

With the U.S. Tech Hubs Program receiving substantial funding, including $21 million for the University of Nevada, Reno’s Tech Hub Program, Canstar’s inclusion as a consortium member signifies its growing presence in the critical minerals sector. This strategic move reinforces Canstar’s commitment to sustainable mining practices and contributing to the global supply chain for essential minerals.

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Photo credit finance.yahoo.com

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