Signal brief

Peabody Energy (BTU) announced the U.S. Department of Energy has selected it for funding to advance production of rare earth elements and critical minerals from Wyoming's Powder River Basin, building on an earlier Wyoming Energy Authority grant. The development signals progress toward a secure domestic supply chain for materials essential to energy, tech and national security, leveraging BTU's large PRB footprint. The near-term impact hinges on grant size and milestones, with potential long-term diversification upside.

• Peabody awarded DOE funding for rare earths and critical minerals. Supports domestic supply chain.
• DOE selection complements Wyoming grant awarded earlier this year. Progress toward domestic rare earths.
• Jim Grech thanks administration for supporting domestic supply chain. Advancing viability.
• Powder River Basin offers scale, infrastructure for rare earths.