Policy Makers Seek to Expand Supply of Key Minerals FinancialBuzz.com News Commentary NEW YORK , June 7, 2022 |PRNewswire| -- The U.S military uses an extensive list of minerals for the maintenance and the manufacturing of various technological equipment including weapons, vehicles as well as electronics and ballistics. Earlier this year, President Biden invoked the Defense Production Act, which will allow the government more power to provide support for the mining, processing and recycling of materials such as lithium, nickel, cobalt, graphite, manganese and other essential minerals. According to a report by The New York Times , Biden directed his Secretary of Defense to bolster the critical mineral supply by supporting feasibility studies for new projects, encouraging waste reclamation at existing sites, and modernizing or increasing production at domestic mines. Defense Metals Corp. (OTC: DFMTF ) (TSXV: DEFN ), Triumph Group, Inc. (NYSE: TGI ), Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD ), Mercury Systems, Inc. (NASDAQ: MRCY ), Spirit AeroSystems Holdings, Inc. (NYSE: SPR ) The U.S military, with almost 3 million personnel, 4,800 defense sites on seven continents and an annual budget of more than USD 700 Billion , is the largest organization in the world.