Green Bridge Metals Applauds US House of Representatives for Passing Act to Unlock Minnesota's Mineral Wealth

VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Green Bridge Metals Corporation (CNSX:GRBM )(OTCQB:GBMCF)(FWB:48 )(WKN:A3EW4S) (" Green Bridge " or the " Company ") announces its support for the recent passage of H.R. 3195 , the Superior National Forest Restoration Act, by the United States (US) House of Representatives. Introduced by Western Caucus Vice Chair Pete Stauber, this significant legislation overturns a previous decision that restricted mining on over 225,000 acres of mineral-rich land in Minnesota's Superior National Forest.

Western Caucus Chairman Dan Newhouse congratulated Vice Chair Stauber for his dedication to "securing America's mineral supply chains" and on the passage of this important legislation. He went on to say that the United States holds significant deposits of essential minerals, yet regulatory restrictions have hindered access and development, particularly in regions like northern Minnesota, which are rich in nickel, cobalt, and copper. These minerals are critical for enhancing America's mineral security and reducing dependence on foreign resources.[1]

" Today's (April 30) House passage of my Superior National Forest Restoration Act is great news for our state and nation. Instead of flat-out rejecting any mining project from developing the Duluth Complex located within the Superior National Forest, it is important to allow project-specific reviews that are based on the facts and science to take place. My legislation will remove the obstacles put in place by the Biden Administration, allowing our skilled miners to prove that they are ready to safely deliver Minnesota's mineral wealth to the nation using the best environmental and labor standards in the world. As the demand for minerals continues to skyrocket, we must invest in mineral production here at home rather than continue our dependence on child slave labor and environmentally damaging adversaries overseas. I urge Senator Schumer to bring this important job-creating legislation to the Senate Floor immediately, " stated Vice Pete Stauber. ¹

The Duluth Complex, located within northern Minnesota's Superior National Forest and targeted by the recent legislation, is recognized as a world-class mineral deposit, housing nearly 8 billion tons of copper, nickel, cobalt, and platinum group metals. These resources are poised for a surge in demand driven by their critical applications in battery storage, electric vehicles (EVs), and other fast-growing sectors.[2] Green Bridge, committed to developing these 'battery metal' rich assets, considers the enactment of the Superior National Forest Restoration Act a pivotal moment that enhances the Company's prospects and strengthens domestic supply chains essential for future technological and industrial advancements.