JPMorganChase (NYSE: JPM) has announced a USD$1.5 trillion, 10-year plan aimed at strengthening industries critical to U.S. national security and economic resilience.
Announced on Monday, the Security and Resiliency Initiative will facilitate, finance, and invest in sectors that underpin the country’s supply chains, defense, and energy independence.
The bank said it will make up to USD$10 billion in direct equity and venture capital investments to help select American companies grow, innovate, and accelerate strategic manufacturing. The initiative expands on JPMorganChase’s earlier plan to finance roughly USD$1 trillion over the next decade in key sectors, marking a 50 per cent increase in its commitment.
“Our security is predicated on the strength and resiliency of America’s economy,” said Jamie Dimon, chairman and CEO of JPMorganChase.
“America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock, and an education system not aligned to the skills we need.”
The new initiative comes as the U.S. government seeks to modernize infrastructure, strengthen domestic production, and secure strategic supply chains.
JPMorganChase will focus on four main areas: supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies.
The firm has broken these categories into 27 sub-areas, including shipbuilding, nuclear energy, nanomaterials, and critical defense components. Each area will receive targeted financial and advisory support. JPMorganChase will work with both mid-sized firms and large corporate clients, helping to expand access to capital and spur innovation across the U.S. economy.
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JPMorganChase has supported national economic interests for centuries
Dimon indicated that the effort includes securing access to essential materials and products.
“This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand, and advancing technologies like semiconductors and data centers,” Dimon said.
JPMorganChase has long played a central role in financing U.S. industry. For more than two centuries, the firm has supported national economic interests and helped fund infrastructure, energy, and defense projects. Today, the bank serves 34,000 mid-sized companies and more than 90 per cent of the Fortune 500. It is also a top advisor to private equity and venture capital firms that fund technology, manufacturing, and defense innovation.
The company’s Commercial & Investment Bank has been the world’s leading investment bank for over 15 years. It has advised on major transactions across defense, aerospace, healthcare, and energy, positioning it to deploy capital efficiently across critical sectors.
Given the scale of the new plan, JPMorganChase will hire additional bankers, investment professionals, and technical experts. Furthermore, the firm will create an external advisory council composed of experienced leaders from both public and private sectors to help shape long-term strategy.
The initiative will also produce specialized research on private companies and supply chain management issues related to rare earths, artificial intelligence, and advanced technologies. Additionally, it will align with the firm’s recently launched Center for Geopolitics, which provides clients with real-time insights into global risks and emerging economic trends.
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The US’ aim is to reduce reliance on overseas suppliers
The effort will draw on the expertise of JPMorganChase’s Asset & Wealth Management division, which already invests heavily in energy, technology, and defense industries.
It will also benefit from the firm’s internal research into quantum computing, cybersecurity, and AI development.
In addition, JPMorganChase plans to advocate for policy reforms that can accelerate investment and innovation. The firm will push for streamlined permitting, modernized procurement, and updated regulations designed to encourage domestic manufacturing.
It will also support greater public-private collaboration on research and development to maintain America’s competitive edge.
Training and workforce development form another part of the strategy. The firm intends to partner with educational institutions and community organizations to help build a skilled workforce capable of filling technical and manufacturing jobs in critical sectors. Dimon emphasized that talent development will be essential to sustaining the initiative’s long-term goals.
Analysts view the announcement as a major vote of confidence in the future of American industry. It reflects growing private-sector involvement in national security priorities, particularly as global competition intensifies around technology, energy, and materials.
The initiative also complements federal programs aimed at reshoring production. It also assists with securing access to inputs such as semiconductors, lithium, and rare earth elements. In recent years, the U.S. has moved to reduce its reliance on overseas suppliers for these materials, many of which are dominated by China.
Consequently, JPMorganChase’s plan aligns with broader national efforts to strengthen domestic capacity and enhance resilience in the face of geopolitical and economic disruptions.
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Washington is fast-tracking approvals
The U.S. government has taken several steps to strengthen domestic production of critical minerals and reduce reliance on foreign sources. Washington is using the FAST-41 program to fast-tracking approvals for major resource projects essential to national security. The program covers minerals such as antimony, lithium, and copper, all vital for defense systems, semiconductors, and clean energy technology.
One of the most advanced projects under FAST-41 is Perpetua Resources Corp (TSE: PPTA) (NASDAQ: PPTA) Stibnite mine in Idaho. The project aims to supply over 35 per cent of America’s antimony demand by 2028 while producing substantial gold output. Antimony is crucial for military alloys, ammunition, and grid storage technology. The Stibnite project has already received backing from the Pentagon and financing support from the U.S. Export–Import Bank.
The Resolution Copper project in Arizona, led by Rio Tinto Group (NYSE: RIO) , has also been granted FAST-41 status. While the operation focuses on copper production, it could later produce antimony as a valuable by-product. Copper is a foundation metal for renewable power systems and electric vehicles. The project’s advancement also aligns with national goals to secure long-term industrial supply.
Beyond FAST-41, several companies are increasing domestic exploration. NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has revealed gold-antimony mineralization at its Limousine Butte property in Nevada.
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