Australia is formulating a plan for its critical minerals reserve that will focus on sales of future production, limiting the need for a physical stockpile, industry sources said, as Australian and U.

Australia is mulling the introduction of mandated floor prices for critical minerals and funding for new rare earth projects as part of a proposed resources deal with the United States, The Age newspaper reported on Sunday.

Nova Minerals stock doubled after the U.S. government requested a briefing on its Alaska mining project before a Trump-Albanese meeting.

Australia is pushing to lock in a critical minerals deal with the United States, dangling access to its vast reserves as an alternative to China.China

The trend for governments to buy speculative critical minerals stocks has continued, with Australian silver and copper explorers the latest beneficiaries.

Federal trade minister Don Farrell says Australia is in the “golden age” in critical minerals as he refuses to be drawn on reports for a new $1.2 billion critical minerals strategic reserve.

Australia is devising a strategic plan for its critical minerals reserve, focusing on future sales rather than physical stockpiling. The initiative aims to enhance market stability and leverage Australia's strategic role in global supply,

Earlier this month, the company was awarded $43.4 million by the US Department of War in support of its proposed antimony operations.

Australian Prime Minister Anthony Albanese emphasized the nation’s strong critical minerals reserve and its ability to “value add” ahead of his first official meeting with US President Donald Trump, amid a global push to diversify supply chains away from China.

Nova Minerals stock doubled in premarket trading before paring gains following an announcement signaling interest from the Trump administration.