Day: June 19, 2026

Pentagon commits $500M to Phoenix Tailings’ Freedom Facility

Francesca Mills

Phoenix Tailings and the U.S. Department of War’s Office of Strategic Capital announced a strategic investment for the construction of a rare earth separation and metallization plant. The OSC is conditionally committing $500 million in long-term debt financing toward the construction of the Freedom Facility, anchoring a $1 billion comprehensive financing initiative.  “Supporting domestic processing for critical minerals and rare…

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G7 aims to cut reliance on China for rare earths

Francesca Mills

World leaders attending the G7 Summit plan to reduce their countries’ reliance on China for critical minerals by coordinating stockpiles and launching a new platform that expands the role of the International Energy Agency (IEA), according to Reuters. The news agency noted that global markets were shaken last year when Beijing imposed export restrictions on permanent magnets, disrupting industries and…

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