What is the Pentagon's stated goal in offering $1.25 billion in conditional loans for rare earth processing plants?

The Pentagon's stated goal is to reduce U.S. dependence on China for critical rare earth minerals by supporting the domestic construction and scaling of rare earth processing facilities.

Which two companies are receiving loans from the Pentagon, and how much is each allocated?

Phoenix Tailings is set to receive a $500 million loan for a facility that would produce rare earth metals, and Energy Fuels is in line for $725 million to help scale up rare earth oxide separation and metallization.

Pentagon offers $1.25 billion in loans for rare earth processing plants

Jun 18, 2026

The US Department of Defense is providing $1.25 billion in conditional loans to Phoenix Tailings and Energy Fuels for new rare earth processing facilities. This initiative aims to reduce American dependence on Chinese critical minerals by scaling up domestic oxide separation and metallization.

cen

2026-06-16

Pentagon Commits $500 Million Loan to Phoenix Tailings for Rare Earth Plant

2026-06-18

Pentagon offers $1.25 billion in loans for rare earth processing plants

Pentagon offers $1.25 billion in loans for rare earth processing plants

FAQ