President Joe Biden has ordered Chinese-backed MineOne Partners Ltd. to divest property near a Wyoming nuclear missile base, citing national security risks.

The firm is also required to remove certain equipment from the site, potentially linked to surveillance and espionage concerns.

The order was made in conjunction with the U.S. Committee on Foreign Investment (CFIUS), which reviews foreign investments for security implications.

The Treasury Department, led by Secretary Janet Yellen, underscores the importance of protecting sensitive military installations from foreign investment threats.

MineOne must comply with the divestment and removal of equipment within set deadlines of 120 and 90 days, respectively.

This measure reflects broader U.S. strategic postures, including forthcoming tariffs on Chinese imports and political emphasis on a tough stance against China amid rising tensions.