Madagascar rare earths at Ampasindava drew up to US$4.48 million from Washington's development finance agency, in a move aimed at China's grip on magnets.
MADAGASCAR · CRITICAL MINERALS
Key Facts
—The commitment: The US International Development Finance Corporation has committed up to US$4.48 million to the Ampasindava rare earths project.
—What it pays for: Pilot-plant work, laboratory testing and environmental programmes, with the door left open to larger funding later.
—The project: London-listed Harena Rare Earths owns and is developing Ampasindava, a scheme put at roughly US$150 million.
The US DFC committed $4.84M to Harena Rare Earths' Madagascar project, marking its first direct funding to diversify critical…
The Trump administration is expanding its rare earth strategy in Africa, backing a Madagascar project to reduce U.S. dependence…
The United States has secured long-term access to one of the worlds largest untapped rare earth deposits, a move that could…
Despite a rift with South Africa, the current Trump administration has proceeded with the project to broaden US access to…
Washington deploys billions and builds Asian partnerships, but refining remains key hurdle
The miner has brought in Cantor Fitzgerald, chaired by Brandon Lutnick, son of Secretary of Commerce Howard Lutnick, to lead…
