President Trump will travel to the US State Department in Washington, DC this afternoon to host a roundtable on American mining.
The President will reportedly announce $180 minnion in grants to increase critical mineral production during the roundtable with mining executives and cabinet officials.
Per CBS:
President Trump is planning to announce over $180 million in grants to boost educational and trade programs for the mining industry Friday, CBS News has learned, part of a bid to increase critical mineral production.
Mr. Trump will unveil the plans at a roundtable at the State Department with educational leaders from universities like the Colorado School of Mines, a White House official told CBS News. Secretary of State Marco Rubio, Secretary of the Interior Doug Burgum and Secretary of Commerce Howard Lutnick are also slated to participate.
The Department of Energy is launching a $100 million grant program aimed at expanding the mining and critical mineral workforce by dramatically increasing the number of people with degrees in those areas over the next two years. The program is expected to financially support scholarships and other programs, an official said. Universities, community colleges, trade schools, industry groups and other partners will be eligible to apply.
The military is also offering more than $80 million in additional funding to three universities.
The Colorado School of Mines is expected to get $32.7 million for a tech development hub, the South Dakota School of Mines will get $25 million to set up workforce development programs and Johns Hopkins University will get $23.6 million for a recycling-focused program.
The roundtable event is scheduled to begin at 3 pm ET.
Watch live below:
