Mineral exploration company hopes Inflation Reduction Act will create support for mining in central Wisconsin


Mineral exploration company hopes Inflation Reduction Act will create support for mining in central Wisconsin


MADISON – A mineral exploration company interested in deposits in central Wisconsin plans to use little-known environmental provisions in the recently passed Inflation Reduction Act to help fund its search for critical minerals and drum up support for mining projects in the state.

GreenLight Metals Inc. could benefit from tax credits written into the Biden Administration`s historic $369 billion investment in clean energy projects to fight climate change through provisions that would help fund the company`s search for so-called critical minerals in Wisconsin, including at the Reef Deposit in Marathon County and the Bend Deposit in Taylor County...


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Ken Notes: I would like to make an opinionated observation on policy over the last decade, when we refuse to offer bipartisan input and draft well worded, enforceable, outcome based legislation we set ourselves up for companies and individuals to take advantage of the resulting legislation. While I like and support our pandemic recovery legislation, I know of many examples of where it is being abused. There is almost no oversight, no followup, and little enforcement of bad practices. If America were a company we would be in very bad shape....

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- - Volume: 10 - WEEK: 49 Date: 11/28/2022 10:42:01 AM -