Trump administration to back three mineral projects with $58 million in financing
- Posted on August 8, 2026
- By Business News Today
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- 1 min read
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Trump administration to back three mineral projects with $58 million in financing
The US Export-Import Bank is lending fifty-eight million dollars to three critical mineral companies. This funding aims to reduce reliance on Chinese supplies and boost domestic mining operations. Westwater Resources will receive twenty-five million dollars for its graphite mine and processing facility. Global Advanced Metals gets twenty-five million dollars for tantalum and niobium processing expansion. An eight million dollar loan goes to 5E Advanced Materials for boron production.
