Missouri Governor Mike Parson has proposed allocating $5.4 million in his budget to construct a new facility for a consortium aiming to secure $40 to $70 million in federal funds for mining critical minerals in the state. The project is expected to promote economic development and national security. Additionally, Parson has proposed $10 million for semiconductor research and skills training. The Missouri University of Science and Technology is leading the Critical Minerals and Materials for Advanced Energy Tech Hub, which is applying for grants of between $50 and $75 million. The hub is designated to serve a 14-county area in Missouri. The federal agency has reported that 29 of the top 50 critical minerals can be found in Missouri, making it a significant location for mining these minerals. This investment by Governor Parson demonstrates the state's commitment to developing its mining industry and harnessing its rich reserves of critical minerals. [55822398]