G50 Applauds Gallium Inclusion in the Landmark Critical Minerals Framework Signed by President Trump and Australian Prime Minister Anthony Albanese

Rhea-AI Summary

G50 Corp (ASX: G50) welcomed the Critical Minerals Framework signed Oct 21, 2025, which includes a U.S. government investment to build a 100 metric ton-per-year advanced gallium refinery in Western Australia. The agreement is described as the first major Western government investment in downstream gallium refining and aims to advance self-reliance in critical minerals processing.

G50 reported Phase 2 drilling at its Golconda Project (Arizona) that confirmed a polymetallic discovery of more than 700m containing gold, silver, zinc and gallium and said the project is well positioned near mining infrastructure to support U.S. supply chains.

Positive

• U.S. government investment to build a 100 t/yr gallium refinery
• Phase 2 drilling confirmed >700m polymetallic zone including gallium
• Golconda located near existing mining infrastructure

Negative

• 98% global gallium production concentration cited (China)
• Stated recent Chinese export restrictions on gallium to the U.S. create supply risk
• Golconda remains exploration-stage without production timeline

Agreement includes investment by the U.S. Department of War in the construction of a 100 metric ton-per-year advanced gallium refinery in Western Australia, further advancing self-reliance in critical minerals processing.

G50 continues to progress its Golconda project in Arizona, believed to be the most advanced gallium project in the U.S.

TUCSON, Ariz., Oct. 21, 2025 /PRNewswire/ -- G50 Corp. Limited (ASX: G50; OTCQB: GFTYF) today welcomed the landmark Critical Minerals Framework agreement signed by President Donald J. Trump and Australian Prime Minister Anthony Albanese, noting that it marks the first significant investment by any Western government in critical downstream refining infrastructure for gallium. According to the agreement, the U.S. Department of War (formerly the U.S. Department of Defense) will invest in the construction of a 100 metric ton-per-year advanced gallium refinery in Western Australia, further advancing self-reliance in critical minerals processing.

"This is a very welcome development," said Mark Wallace, Managing Director and CEO of G50, which recently announced Phase 2 results from its drilling program at the Golconda Project in Arizona that confirmed and supported earlier drilling showing a large polymetallic discovery of more than 700m including gold, silver, zinc and gallium. Due to the huge need for gallium in the Western World, and China's decision to ban all gallium into the US, G50 has been focusing its efforts on the gallium mineralization at the project.

"This investment highlights the increasing urgency among key stakeholders regarding the challenges in sourcing, mining, and refining gallium, especially in light of China's dominant control over 98% of production and recent export restrictions," Wallace said, adding, "we strongly believe our Golconda Project in Arizona, with its strategic location, will play a crucial role in the upstream supply of strategic metals for the U.S. and we are committed to integrating this project into domestic supply chains."

G50 Corp (https://www.g50corp.com) is an exploration company focused on the southwestern U.S. The company's flagship Golconda Project comprises both patented and unpatented claims and is ideally positioned near existing mining infrastructure and logistics hubs to meet the United States' growing demand for domestic mineral resources.

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SOURCE G50 Corp Limited

FAQ

What did the Oct 21, 2025 Critical Minerals Framework mean for ASX:G50?

The framework includes a U.S. government investment to build a 100 t/yr gallium refinery in Western Australia, which G50 says supports downstream supply chain development relevant to its Golconda project.

What drilling results did G50 report for the Golconda Project (ASX:G50)?

G50 reported Phase 2 drilling that confirmed a polymetallic discovery of more than 700m that includes gold, silver, zinc and gallium.

How does the announced 100 t/yr refinery affect gallium supply for the U.S.?

The agreement is described as a step toward Western downstream refining capacity by creating a 100 t/yr gallium refinery in Western Australia to reduce reliance on current suppliers.

Does G50 have production or commercial agreements for Golconda after the announcement?

The company describes Golconda as an advanced exploration project near infrastructure but did not announce production schedules or commercial contracts.

What supply risks did G50 highlight that could affect ASX:G50 investors?

G50 pointed to a high concentration of gallium production (cited as 98%) and recent Chinese export restrictions as supply-chain risks and catalysts for Western investment.