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Pentagon Backs Rare Earth Buildout With $1.2 Billion in Conditional Loans
Key Takeaways
- The Defense Department signed conditional loans of $725 million for Energy Fuels and $500 million for Phoenix Tailings.
- Energy Fuels plans US rare earth separation and metallization capacity, while Phoenix Tailings aims to open its Freedom Facility by 2028.
- The financing highlights how critical minerals are being treated as a national security supply chain priority.
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DT Editorial Team··via breakingdefense.com