StartupsIEEE Spectrumabout 2 hours ago
Trump Administration Funds US Monazite Mining
16 min read
The Trump administration signed a $725 million conditional loan commitment to Energy Fuels in June. This funding supports the company's plan to scale rare-earth production from its monazite assets in Brazil and Madagascar, estimated to cost $410 million. The project aims to produce heavy rare earths like dysprosium and terbium to reduce reliance on China.
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