Pentagon, Phoenix Tailings Launch $1Bln Rare Earth Initiative - Statement

NAMPA / Sputnik
2026-06-16
WASHINGTON, June 16 (RIA Novosti) - The US Department of War and US mining company Phoenix Tailings have signed a conditional loan commitment worth $500 million as part of a broader $1 billion project aimed at strengthening the US rare earth industrial base, the Pentagon said on Tuesday. "The United States Department of War's Office of Strategic Capital (OSC) announced today a $500 million conditional loan commitment with Phoenix Tailings, Inc. t......
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