Trident Global Holdings Inc. has officially announced a strategic joint venture with Zoetic Global to co-develop rare earth mines and ensure that global and U.S. companies have access to these critical elements. Expected to generate billions in potential revenue, as well as implement sustainable practices into the rare earth mining industry, the stated collaboration will see Trident Global working alongside Zoetic Global to deliver the latest, environmentally friendly technologies for the purpose of maximizing efficiency attached to rare earth production. During the course of this collaboration, the companies will cover multiple mines, including Bac (North) Nam Xe, Nam (South) Nam Xe, and Dong Pao, To give you some context, these mines are understood to collectively possess confirmed reserves that total upto 7 million metric tons of valuable rare earth elements. More on the same would reveal how Trident Global and Zoetic will develop and operate the mines in question through innovative solutions so to remediate waste streams, making the process cleaner and more sustainable. In essence, the partners will access an estimated 7 percent of the known rare earth deposits across the world with a high percentage of the heavier, more valuable rare earth elements. Having referred to the initial bits and bobs, we now must turn our attention towards how such an effort will benefit key US industries. You see, for starters, we have the semiconductor industry, an industry that very much needs rare earth elements to manufacture semiconductors. Furthermore, the manufacturers in this area can also expect to receive a mechanism necessary for achieving advancements around the artificial intelligence chip design.
Next up, we have the renewable energy sector, which needs rare earth magnets to put-together wind turbines and other clean energy technologies aimed at reducing carbon emissions. Joining that are sectors like aerospace and defense that can leverage such elements to strengthen the supply chain for critical defense applications.
“One of Zoetic’s primary goals is to ensure that U.S. industries have equal access to critical elements necessary for global competition,” said Tim Ryan, former Ohio Congressman and Zoetic Global’s Chief Global Business Development Officer. “This joint venture guarantees that U.S. technology, aerospace, and defense companies have a significant presence and influence in the global market. Announcing this from America’s industrial belt underscores the immense benefits and historical significance of this deal for our region and nation.”
Another beneficiary of this partnership between Trident Global and Zoetic is the electronics space, as it provides the sector with essential materials for the production of smartphones, computers, televisions, and other advanced electronic devices. Alongside consumer electronic products, the market of electric vehicles can also expect to generate substantial value here. We get to say so because the stated program promises to fetch it critical components for batteries and motors, thus contributing to the sector’s already-exponential growth. Rounding up highlights would be the use case such a partnership will have within the medical imaging and biotech field. This translates to how it can support advancements across technologies like MRI, PET scanners, and more.
“We were inspired by the CHIPS Act, which underscores the critical need to secure and strengthen our supply chains,” said Avery Hong, CEO of Zoetic Global. “The disruptions from the COVID-19 pandemic have highlighted the importance of ensuring supply chain integrity. By on-shoring and re-shoring critical technologies and materials, we can bolster economic resilience and reduce dependency on foreign sources.”
