Terra Uranium Expands US Reach as Surge in Critical Minerals Investment Continues

Terra Uranium (ASX: T92) is joining the search for in-demand US rare earth element (REE) assets under an expanded agreement with leading exploration services company Axiom Group.

Attracted by the US government’s significant focus on developing a domestic REE and critical minerals supply chains, Terra and Axiom – who have been working together in the Canadian uranium space since October 2024, when Terra signed option agreements over various assets with ATHA Energy – are on the hunt for US opportunities.

Alongside its leadership position in Canada’s Athabasca Basin, Axiom has a strong involvement in the North American REE and antimony sectors, providing geological field and mineral exploration services through every phase of exploration.

Major US Investment

Terra non-executive director Niv Dagan said the expansion of the Axiom agreement comes at a time when the US government is funnelling major investment into home-gown REE and critical minerals opportunities.

Reports emerged earlier this monthed that the Trump administration was considering a plan to redirect more than $3 billion from its CHIPS (Creating Helpful Incentives to Produce Semiconductors and Science Act) policy to support domestic critical minerals initiatives.

“We are seeing a truly fundamental shift in how America secures critical minerals. The recent move by the Trump administration […] is a further sign that the flow of money is set to continue,” Mr Dagan said.

“We are now seeing both government and private investment backing at a level, that hasn’t been seen before, where governments are taking equity stakes in some of the world’s largest companies.”

Critical Minerals Processing

The CHIPS Act news came only weeks after the office of Manufacturing and Energy Supply Chains revealed plans to offer up to approximately $770 million in funding to expand US critical minerals and materials processing, along with battery manufacturing and recycling.

Those two announcements follow a string of other new funding opportunities being offered to rare earth and critical minerals developers in the US, including the Pentagon’s recent $610m investment in MP Materials to secure America’s only current rare earth supply chain project.

“We feel that we have the right team, technical expertise, resources and presence to assist Terra to drive its US critical minerals strategy,” Axiom Group chief executive officer Doug Engdahl said.