President Donald Trump on Friday named the Colorado School of Mines among roughly a dozen institutions that will share in a $100 million commitment “to train the next generation of American miners.”

Paul Johnson, the university’s president, said he is “doing the happy dance” after learning the administration planned to invest millions not only in revitalizing the mining industry but also in supporting engineering schools.

“Half of our current mining workforce is set to retire within the next three years,” Trump said at a roundtable discussion in Washington, D.C. “The schools came to us seeking $10 million per year in funding. Instead, I’m thrilled to announce that we’re delivering $100 million to train the next generation of American miners.”

Johnson thanked Trump and said the funding would significantly strengthen the mining community. He noted that, while mining programs nationwide have shrunk, they have grown in Colorado over the past two years — growth he attributed to the administration’s support.