Volato Group (SOAR) and M2i Global Announce Public-Private Initiative to Develop and Operate America's First Strategic Minerals Reserve

Volato Group, Inc. (NYSE:SOAR) is one of the best airport and air services stocks to buy. On August 21, Volato Group, Inc. (NYSE:SOAR) and M2i Global, Inc. announced a transformative public-private initiative for the development and operation of the first Strategic Minerals Reserve (SMR) of the United States, securing the country’s critical minerals and metals supply essential to clean energy, defense, and industrial leadership.

Management announced that the SMR would be headquartered at the Hawthorne Army Depot (HWAD) in Mineral County, Nevada, specially designed to refine, store, and distribute essential minerals such as copper, gallium, and graphite. These minerals are critical for various purposes, ranging from semiconductors and defense systems to EVs and battery technology.

Volato Group, Inc. (NYSE:SOAR) reported that the announcement came after a report from the Hoover Institution, which “made a compelling case for a U.S.-led multilateral critical minerals stockpile, and collaborative planning efforts with various federal and state agencies, including the Nevada Governor’s Office of Economic Development (GOED), which welcomed M2i Global’s long-term investment in the state and its people.”

Volato Group, Inc. (NYSE:SOAR) is an aviation company that provides aircraft products and other services. Headquartered in Chamblee, GA, the company’s aircraft include HondaJet and Gulfstream G280.

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Disclosure: None. This article is originally published at Insider Monkey.