The Department of War's Office of Strategic Capital Signs $725 Million Conditional Loan Co
The Office of Strategic Capital signed a $725 million conditional loan commitment with Energy Fuels Inc. on Thursday. The funding intends to expand domestic processing of rare-earth elements. This move is part of a broader effort to secure a mine-to-magnet supply chain.
What changed
The update confirms the loan agreement was signed on Thursday.
Live updates
-
Department of War Signs $725 Million Loan with Energy Fuels Inc.
confidence 100%The Office of Strategic Capital signed a $725 million conditional loan commitment with Energy Fuels Inc. on Thursday. The funding intends to expand domestic processing of rare-earth elements. This move is part of a broader effort to secure a mine-to-magnet supply chain.
What's confirmed:
- The Department of War's Office of Strategic Capital signed a $725 million conditional loan commitment with Energy Fuels Inc.
- The financing aims to scale domestic rare-earth processing.
Still unconfirmed:
- The Department of War and Phoenix Tailings launched an initiative worth approximately $1 billion to rebuild the rare earth industrial base.
-
Office of Strategic Capital Signs $725 Million Loan with Energy Fuels
confidence 100%The Department of War's Office of Strategic Capital committed a $725 million conditional loan to Energy Fuels, Inc. The funding aims to scale domestic processing of rare earth elements and support a new U.S. separation and metallization facility. This initiative supports a mandate from President Trump to secure a domestic supply chain.
What's confirmed:
- The Department of War's Office of Strategic Capital signed a $725 million conditional loan commitment with Energy Fuels, Inc.
- Energy Fuels will expand from uranium production into rare earth separation and metallization.
- The investment intends to support a new U.S.-based rare earth separation and metallization facility.
- The project aims to boost domestic processing of rare earth elements to reduce reliance on China.
- The loan advances a mandate from President Trump to secure a resilient domestic supply chain for rare earths.
-
Office of Strategic Capital Signs $725 Million Loan with Energy Fuels
confidence 100%The Department of War's Office of Strategic Capital entered a conditional loan agreement with Energy Fuels. This $725 million pact aims to increase domestic rare earth production. The move is part of a broader Pentagon effort involving rare earth mineral loans totaling $1.2 billion.
What's confirmed:
- The Department of War's Office of Strategic Capital signed a $725 million conditional loan with Energy Fuels.
- The loan is intended to boost domestic rare earth production.
- The Pentagon signed two rare earth mineral loans totaling $1.2 billion.