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Peabody Awarded Grant from U.S. Department of Energy to Advance Domestic Rare Earth and Critical Mineral Supply Chain

BTU
  • Peabody (NYSE: BTU) has been selected by the U.S. Department of Energy for funding to advance rare earth elements & critical minerals production.
  • The funding supports efforts to recover these materials from Peabody's resource base in Wyoming's Powder River Basin.
  • Peabody CEO Jim Grech credited the Trump Administration, the Department of Energy, & Secretary Wright for the selection.
  • This project builds on a Wyoming Energy Authority grant awarded earlier in 2026.
  • Peabody aims to develop a secure domestic supply chain to support U.S. energy, technology, & national security objectives.
  • The company leverages its status as the largest coal mover in the Powder River Basin to access vast resource concentrations.
  • Peabody remains a leading coal producer focused on affordable energy, steel production, & sustainability.