Overview
- PR Newswire and multiple outlets reported that an initial batch was delivered to US Strategic Metals, comprising antimony, copper concentrate, and rare‑earth elements containing neodymium and praseodymium.
- The September memorandum, signed at the Prime Minister’s House, outlines an approximately $500 million partnership to develop exploration, processing and, eventually, refining capacity in Pakistan.
- A separate framework dated 22 May designates the military‑linked Frontier Works Organization as Pakistan’s lead for exploration, mining, logistics and implementation.
- Imran Khan’s PTI and other critics are demanding the agreements be made public, citing secrecy and sovereignty concerns, with debate intensifying after reports that access to Pasni port was proposed to the U.S.
- Reporting on scale varies, with one account citing an indicative offtake value of up to $1 trillion that it characterizes as aspirational and unproven.