The US Department of Defense committed a conditional $500M loan to Phoenix Tailings for a new rare earth processing plant, targeting $1B in total funding.

Office of Strategic Capital conditionally commits $500 million for the construction of the Freedom Facility, a fully integrated domestic rare earth separation and metallization…

Phoenix Tailings secured a $500 million Pentagon loan to build a rare-earth processing plant, part of a nearly $1 billion push to reduce US dependence on

The US Department of Defense committed a conditional $500M loan to Phoenix Tailings for a new rare earth processing plant, targeting $1B in total funding.