Prime Minister Anthony Albanese is set to meet with US President Donald Trump on Tuesday and Australian officials have been laying the groundwork for a potential critical minerals deal with the US, which is hoped could be used as leverage for a tariff exemption.

Resources Minister Madeleine King and Industry Minister Tim Ayres were set to join parts of the prime minister’s Washington trip, which was expected to focus on the critical minerals deal.

Ahead of the trip, Adelaide-based Resolution Minerals more than doubled in value , with record volume changing hands after it announced plans for a high-profile briefing.

The company – which is advancing a major US mining project in Idaho called Horse Heaven and today landed more millions from a cornerstone investor – last Monday announced i

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