Pentagon commits $500M to Phoenix Tailings’ Freedom Facility

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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