US EditionTrump Administration and Private Investors Sign Off on $1.4 Billion Deal with Rare Earth Startups
- The Trump administration and private investors are partnering in a $1.4 billion deal with two rare earth startups to enhance access to crucial materials and technology.
- The investment involves Vulcan Elements and ReElement Technologies, targeting enhanced U.S. production capacity and technology.
- The companies aim to ramp up annual magnet production to 10,000 tonnes with the new funding.
- The deal includes $620 million from the Department of Defense, $50 million from the Department of Commerce, and $550 million from private investors.
47 Articles
47 Articles
ABC FOX Montana
Trump Administration partners with rare earth startups in $1.4 billion deal
WASHINGTON, D.C. - The Trump Administration, along with private investors, announced a new partnership with two rare earth startups to bolster domestic production of rare earth magnets.
Associated Press News
Trump administration and private investors sign off on $1.4 billion deal with rare earth startups
The Trump administration and private investors are partnering with two rare earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that is crucial for producing an array of high-tech goods and military equipment.
The Trump administration and private investors are collaborating with two rare-earth startups in a $1.4 billion agreement to increase the country's access to materials and technology crucial to the production of a variety of high-tech products and military equipment.
US Takes Equity in $1.4B Rare-Earth Venture
The Trump administration continues its push to rebuild domestic supply chains for critical technologies through a US$1.4 billion public-private partnership with Vulcan Elements and ReElement Technologies -a subsidiary of American Resources Corporation (NASDAQ:AREC)- to expand US production of rare earth magnets.The Department of Commerce’s announced that it signed a preliminary letter of intent to provide US$50 million in proposed incentives to …
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