ReElement receives conditional USD 80 million federal loan commitment
The U.S. Office of Strategic Capital agreed a conditional USD 80 million loan commitment for ReElement Technologies as part of a joint critical-minerals financing package.
Evidence notes
- The wider USD 700 million conditional commitment allocated USD 620 million to Vulcan Elements and USD 80 million to ReElement.
- The proposed financing supports U.S. rare-earth separation, metallization and NdFeB magnet manufacturing capacity.
- No funds were disbursed at announcement; the commitment remained subject to financial, legal, technical and other closing conditions.
Company context
ReElement provides domestic separation and purification capacity for rare earths and critical minerals.