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The U.S. Department of Energy is providing $134 million for two projects focused on rare earth elements (REEs) that will enhance domestic supply chains. These projects aim to showcase the commercial viability of extracting and refining REEs from unconventional sources like mine tailings and electronic waste, potentially benefiting American industry and supporting energy independence.
The Pentagon has conditionally committed $500 million in long-term financing to Phoenix Tailings, supporting the construction of a U.S.-based rare earth separation and metallization facility. This initiative aims to enhance domestic supply chains for critical minerals by 2028, emphasizing national security and manufacturing resilience.
Energy Fuels has received a conditional $725 million loan commitment from the US Department of War to expand domestic rare earth processing and build a rare earth separation and metallization facility. This financing aims to bolster US supply chains and reduce reliance on imports, particularly from China.
The U.S. government has allocated $850 million in federal funding to support new, reopened, and upgraded coal burning power plants, aiming to bolster the long-ailing segment of the American energy industry. This investment could have implications for American competitiveness, energy production, and supply chains.
The U.S. Department of Energy is investing $134 million in two projects aimed at strengthening domestic supply chains for rare earth elements (REEs). These projects will showcase the feasibility of extracting and refining REEs from unconventional sources like mine tailings and electronic waste, potentially benefitting American industry and supply chain resilience.
Mine waste refiner Phoenix Tailings has secured a $66 million grant from the US Department of Energy’s Rare Earth Demonstration Facility Programme to advance their rare earth separation technology. This project, part of a $147.8 million initiative, in partnership with MIT and the University of Minnesota, aims to recover heavy rare earth materials from domestic feedstocks, highlighting advancements in American industry and innovation.
USA Rare Earth has secured agreements with the US Department of Commerce for up to $1.6 billion in funding under the CHIPS Act. This funding will support the company’s plans to build a domestic rare earth supply chain, contributing to American industry and supply chain resilience.
President Donald Trump is set to use the Defense Production Act to allocate nearly $700 million to aid coal plants, with over half of the funds going towards upgrades for 13 plants. This move could have implications for American industry and energy production.
Ramaco Resources and Ohio-based REalloys Inc. have signed a non-binding memorandum of understanding to strengthen the United States’ domestic rare earth and permanent magnet supply chain. This strategic partnership aims to provide domestically sourced mixed rare earth carbonates, contributing to the resilience and competitiveness of American industry.
EnviroGold Global Limited has changed its name to NVRO Metals Limited to reflect its shift towards a vertically integrated critical minerals processing and metals recovery platform. This evolution may impact American industry by contributing to the development of clean technology and enhancing the supply chain for essential minerals.
Coverage of American mining, mineral processing, critical minerals, rare earths, lithium, copper, and the projects supporting domestic supply chains and industrial strength.
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