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US DoW’s OSC announces $500m loan for Phoenix Tailings
Key takeaways
- The loan is intended to help expand the company’s rare earth element processing operations within the country.
- The OSC’s funding, combined with further private investment, is expected to total around $1bn.
- This financing aims to significantly increase the production of critical metals at current sites and to establish a new rare earth separation and metallisation facility in the US, known as the Freedom Facility.
US Do W’s OSC announces $500m loan for Phoenix Tailings Once operational · Mining Technology Shree Mishra Wed, June 17, 2026 at 9:00 PM GMT+7 3 min read The Office of Strategic Capital (OSC), part of the US Department of War (Do W), has disclosed a conditional commitment to provide a $500m loan to Phoenix Tailings.
The loan is intended to help expand the company’s rare earth element processing operations within the country.
The OSC’s funding, combined with further private investment, is expected to total around $1bn.
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