The U.S. mining industry operates roughly 12,563 active mines, many of which produce sands, gravel, copper, molybdenum, aluminum, and iron ore for steel production. Lithium mining is expected to grow by 500% by 2050, reflecting a renewed interest in this sector. Energy costs account for a significant portion of mining operational expenses, with 70% devoted to the comminution of ore.
Mines, often located in remote areas, face the challenge of high costs associated with bringing power to the site, including securing transmission line right-of-way approvals. ANMR technology offers an ideal solution for reducing operating costs. By providing localized power generation, SMRs eliminate the need for expensive transmission infrastructure. As mining expands globally and the demand for rare earth materials grows, ANMR’s will play a key role in meeting the energy needs of this critical industry.