On Aug. 8, Serenity said the White House finally starting to invest more in critical minerals and materials is an important policy turn that supports critical U.S. supply chains. In the listed-company space, FEAM received $8 million, mainly for boron development, and HREE received $4.8 million focused on magnetic rare earth materials. The U.S. government has also committed funds to private firms, including $150 million to Niron Magnetics and $85 million to Standard Bauxite. Serenity described the amounts as “pocket change” for the U.S. government, but said they can still leverage large downstream industry applications and reduce supply-chain risk for critical materials. Even so, he believes current investment remains insufficient to fully solve the problem. More funding is needed, he argued, to accelerate critical-mineral projects and lower risks across the industrial chain. Serenity stressed he holds none of the stocks mentioned and only supports the policy direction, not individual companies.