Instruments

Awards, loans, and procurements

Every government financial instrument in the chain — grants, loans, equity, price floors, offtakes, leases, and tax credits — with its current financial state. A conditional commitment is not financing.

InstrumentCommodityTypeAmountProgramFinancial stateLatest event
EXIM Approval of an Approximately $25 Million Direct Loan to Westwater Resources for the Kellyton Graphite Plant (August 2026)GraphiteLoan$25MEXIM Make More in America InitiativeConditional commitmentAug 7, 2026
JOGMEC participation in the Wagerup gallium projectGalliumEquity—JOGMEC gallium supply diversificationDefinitive agreementJul 15, 2026
Strategic Investment Agreement for Teck TrailGallium, GermaniumEquityC$400MCanada Critical Minerals AcceleratorDefinitive agreementJul 7, 2026
U.S. Army conditional Enhanced Use Lease award to REalloys at Tooele Army DepotRare earthsLease—Army Enhanced Use Leases (critical minerals)Conditional commitmentJun 25, 2026
Office of Strategic Capital $725 million conditional loan commitment with Energy FuelsRare earthsLoan$725MOffice of Strategic CapitalConditional commitmentJun 18, 2026
Office of Strategic Capital $500 million conditional loan commitment with Phoenix TailingsRare earthsLoan$500MOffice of Strategic CapitalConditional commitmentJun 16, 2026
Australian support package for Nyrstar feasibility workGermaniumGrantA$105MAustralian smelter critical-minerals supportDefinitive agreementJun 10, 2026
NRCan GPI Executed Contribution Agreement for E3 ClearwaterLithiumGrantC$36.51MGlobal Partnerships InitiativeDefinitive agreementJun 10, 2026
RIGI Resolution 825/2026 for Cauchari-Olaroz ExpansionLithiumRegulatory incentive approval—Argentina Large Investment Incentive RegimeDefinitive agreementJun 5, 2026
CHIPS incentives — USA Rare Earth (up to $277 million)Rare earthsGrant$277MCHIPS Program OfficeDefinitive agreementJun 3, 2026
CHIPS loan agreement — USA Rare Earth (up to $1.3 billion)Rare earthsLoan$1.3BCHIPS Program OfficeDefinitive agreementJun 3, 2026
DLA NdFeB magnet block delivery order to E-VAC Magnetics, May 2026Rare earthsProcurement contract$12.9MDLA Strategic MaterialsObligatedMay 26, 2026
DLA NdFeB magnet block delivery order to Noveon Magnetics, May 2026Rare earthsProcurement contract$12.89MDLA Strategic MaterialsObligatedMay 26, 2026
Export Finance Australia equity investment of approximately A$140 million in Arafura (Nolans project)Rare earthsEquityA$140MCritical Minerals Facility (Export Finance Australia)ObligatedMay 21, 2026
Export Finance Australia debt commitment of up to A$700 million to Arafura (Nolans project)Rare earthsLoanA$700MCritical Minerals Facility (Export Finance Australia)Conditional commitmentMay 21, 2026
DLA qualification contract to Advanced Magnet Lab, May 2026Rare earthsProcurement contract$2MDLA Strategic MaterialsObligatedMay 19, 2026
Natural Resources Canada Energy Innovation Program Funding for an Electric Loader at Matawinie (May 2026)GraphiteGrantC$4.4MEnergy Innovation Program (Natural Resources Canada)AnnouncedMay 19, 2026
Government of Canada Offtake Agreement for 30,000 t/y of Matawinie Graphite Concentrate (2026)GraphiteOfftake—Public Services and Procurement Canada - critical minerals offtakeDefinitive agreementMay 19, 2026
DRIVE35 Scale-Up Fund GBP 18.5 Million Grant to Altilium for the ACT3 Plant in Plymouth (April 2026)Graphite, LithiumGrant£18.5MDRIVE35Definitive agreementApr 9, 2026
Canada Growth Fund ~C$113 Million Private Placement in Nouveau Monde Graphite (April 2026)GraphiteEquityC$113MCanada Growth FundDefinitive agreementApr 9, 2026
Section 48C Advanced Energy Project Tax Credits Certified for NOVONIX Riverside (April 2026)GraphiteTax credit$103MQualifying Advanced Energy Project Credit (48C)ObligatedApr 9, 2026
RIGI Resolution 431/2026 for Fenix ExpansionLithiumRegulatory incentive approval—Argentina Large Investment Incentive RegimeDefinitive agreementApr 6, 2026
JOGMEC Critical Minerals Grant to Santoku (JFY2026, rare earth refining)Rare earthsGrant¥800MJOGMEC Critical Minerals Grant ProgramAnnouncedApr 1, 2026
JOGMEC Critical Minerals Grant to Shin-Etsu Chemical (JFY2026, rare earth refining)Rare earthsGrant¥17.5BJOGMEC Critical Minerals Grant ProgramAnnouncedApr 1, 2026
NRCan/CED Interest-Free Repayable Contribution of up to C$6.225 Million for the Lac des Iles Pit Extension (August 2025)GraphiteLoanC$6.23MRegional Economic Growth through Innovation (Canada Economic Development for Quebec Regions)DisbursementMar 31, 2026
Export Development Canada and Canada Infrastructure Bank Senior Secured Project Debt Commitment for Matawinie (2026)GraphiteLoan$335MExport Development CanadaConditional commitmentMar 26, 2026
DFC Pathway to a Strategic Equity Interest in Syrah Resources (March 2026)GraphiteEquity—U.S. International Development Finance CorporationAnnouncedMar 25, 2026
Conditionally approved NRCan support for Rio Tinto galliumGalliumGrantC$18.95MNRCan Global Partnerships Initiative gallium projectsConditional commitmentMar 1, 2026
Quebec Final Nemaska Lithium Equity InvestmentLithiumEquity$200MQuebec Natural Resources and Energy Capital FundDefinitive agreementFeb 18, 2026
Codelco-Rio Tinto Maricunga Signed CEOL and PartnershipLithiumEquity—Chile National Lithium Strategy PartnershipsDefinitive agreementFeb 12, 2026
DPA Title III investment in Umicore QuapawGermaniumGrant$11.8MDPA Title III gallium and germanium investmentsDefinitive agreementJan 30, 2026
UK DRIVE35 GBP 12 million capital grant Offer in Principle to Ionic Technologies (Belfast commercial plant)Rare earthsGrant£12MDRIVE35Conditional commitmentJan 27, 2026
Canada Growth Fund US$25 million preferred equity investment in Cyclic MaterialsRare earthsEquity$25MCanada Growth FundObligatedJan 20, 2026
ENAMI-Rio Tinto Altoandinos Executed PartnershipLithiumEquity—Chile National Lithium Strategy PartnershipsDefinitive agreementJan 1, 2026
EIB loan for METLEN gallium productionGalliumLoan€90MEIB critical raw materials financingDefinitive agreementDec 19, 2025
DPA Title III investment in 5N Plus germanium refiningGermaniumGrant$18.1MDPA Title III gallium and germanium investmentsDefinitive agreementDec 15, 2025
Office of Strategic Capital $80 million direct loan to ReElement TechnologiesRare earthsLoan$80MOffice of Strategic CapitalConditional commitmentNov 21, 2025
Office of Strategic Capital $620 million direct loan to Vulcan ElementsRare earthsLoan$620MOffice of Strategic CapitalConditional commitmentNov 21, 2025
DPA Title III award to ElementUSGalliumGrant$29.9MDPA Title III gallium and germanium investmentsDefinitive agreementNov 20, 2025
CHIPS incentives letter of intent — Vulcan Elements ($50 million)Rare earthsGrant$50MCHIPS Program OfficeAnnouncedNov 3, 2025
NRCan GPI and FedDev Ontario conditional approval for Ucore Kingston Sm/Gd refinery (up to $36.3 million)Rare earthsGrantC$36.3MGlobal Partnerships InitiativeConditional commitmentOct 31, 2025
DOE MESC Bipartisan Infrastructure Law Grant to Anovion LLC, Terminated October 2025GraphiteGrant$117MDOE Office of Manufacturing and Energy Supply ChainsCancelledOct 20, 2025
DPA Title III investment in Lattice MaterialsGermaniumGrant$18.5MDPA Title III gallium and germanium investmentsDefinitive agreementSep 26, 2025
CORFO SQM-Codelco Atacama Continuity ContractsLithiumLease—CORFO Salar de Atacama Lithium ContractsDefinitive agreementSep 22, 2025
EU Just Transition Fund EUR 14.5 million for Neo Performance Materials' Narva magnet plantRare earthsGrant€14.5MEU Just Transition FundObligatedSep 19, 2025
DoD IBAS $2 million investment in ReElement TechnologiesRare earthsGrant$2MIndustrial Base Analysis and Sustainment ProgramAnnouncedSep 3, 2025
RIGI Resolution 1271/2025 for Hombre Muerto OesteLithiumRegulatory incentive approval—Argentina Large Investment Incentive RegimeDefinitive agreementAug 28, 2025
Business Finland EUR 84.6 Million Grant to Fortum Battery Recycling for the Harjavalta Expansion (July 2025)Graphite, LithiumGrant€84.6MBusiness FinlandConditional commitmentJul 10, 2025
DoD $400 Million Preferred Equity Investment in MP Materials (July 2025)Rare earthsEquity$400MDefense Production Act Title IIIDefinitive agreementJul 10, 2025
DoD 10-Year 100% Magnet Offtake Commitment for the MP Materials 10X Facility (July 2025)Rare earthsOfftake—Defense Production Act Title IIIDefinitive agreementJul 10, 2025
DoD $110/kg NdPr Price Floor Commitment for MP Materials (July 2025)Rare earthsPrice floor$110/kg floorDefense Production Act Title IIIDefinitive agreementJul 10, 2025
DOE Award for Kings Mountain Lithium Processing ProjectLithiumGrant$150MDOE Office of Manufacturing and Energy Supply ChainsDefinitive agreementJun 30, 2025
Canada Infrastructure Bank CA$55 million enabling-infrastructure loan to Torngat MetalsRare earthsLoanC$55MCanada Infrastructure BankDefinitive agreementJun 23, 2025
Export Development Canada CA$110 million bridge loan to Torngat MetalsRare earthsLoanC$110MExport Development CanadaDefinitive agreementJun 17, 2025
RIGI Resolution 735/2025 for RinconLithiumRegulatory incentive approval—Argentina Large Investment Incentive RegimeDefinitive agreementJun 3, 2025
DoD follow-on production award — Ucore ($18.4 million)Rare earthsCooperative agreement$18.4MDefense Production Act Title IIIObligatedJun 2, 2025
French government EUR 106 million support to Caremag (Lacq rare earth recycling and refining plant)Rare earthsGrant€106MFrance - National Rare Earths and Permanent Magnets PlanDefinitive agreementMar 17, 2025
JOGMEC and Iwatani investment of up to EUR 110 million in Caremag via Japan France Rare Earth CompanyRare earthsEquity€110MJOGMEC Overseas InvestmentsDefinitive agreementMar 17, 2025
National Reconstruction Fund Kathleen Valley Equity InvestmentLithiumEquityA$50MAustralia National Reconstruction FundDefinitive agreementFeb 1, 2025
DOE MESC Bipartisan Infrastructure Law Award to SKI US, Inc. for the Orangeburg Synthetic Graphite Plant (January 2025)GraphiteGrant$150MDOE Office of Manufacturing and Energy Supply ChainsObligatedJan 17, 2025
DPA Title III award to REEcycle, January 2025Rare earthsCooperative agreement$5.1MDefense Production Act Title IIIObligatedJan 17, 2025
DOE SWA Lithium Federal Cost-Share SelectionLithiumGrant$225MDOE Office of Manufacturing and Energy Supply ChainsConditional commitmentJan 10, 2025
DOE Title 17 Closed Loan Guarantee for Rhyolite RidgeLithiumLoan guarantee$968MDOE Loan Programs Office - Advanced Technology Vehicles Manufacturing (ATVM) Loan ProgramDefinitive agreementJan 1, 2025
Section 48C Advanced Energy Project Tax Credit Award to Syrah for the Vidalia Further Expansion (January 2025)GraphiteTax credit$165MQualifying Advanced Energy Project Credit (48C)ObligatedJan 1, 2025
DOE MESC Bipartisan Infrastructure Law Award to Urbix (now Allied Graphite) for a Commercial CSPG Plant at Muscle Shoals (2024)GraphiteGrant$124.61MDOE Office of Manufacturing and Energy Supply ChainsObligatedDec 22, 2024
DOE LPO Conditional Commitment for an ATVM Loan of up to US$754.8 Million to NOVONIX for Enterprise South (December 2024)GraphiteLoan$754.8MDOE Loan Programs Office - Advanced Technology Vehicles Manufacturing (ATVM) Loan ProgramConditional commitmentDec 16, 2024
Export Finance Australia A$1.25 billion Critical Minerals Facility loan to Iluka Resources (Eneabba refinery)Rare earthsLoanA$1.25BCritical Minerals Facility (Export Finance Australia)AmendedDec 6, 2024
DFC US$150 Million Loan to Twigg Exploration and Mining for the Balama Graphite Operation (2023-2024)GraphiteLoan$150MU.S. International Development Finance CorporationDisbursementNov 11, 2024
DOE ATVM Closed Loan to Li-Cycle Rochester HubLithiumLoan$445MDOE Loan Programs Office - Advanced Technology Vehicles Manufacturing (ATVM) Loan ProgramDefinitive agreementNov 1, 2024
EU Innovation Fund EUR 70 Million Grant for Talga's Lulea Anode Refinery (October 2024)GraphiteGrant€70MEU Innovation FundAnnouncedOct 28, 2024
DOE ATVM Closed Loan to Lithium Nevada for Thacker PassLithiumLoan$1.97BDOE Loan Programs Office - Advanced Technology Vehicles Manufacturing (ATVM) Loan ProgramDefinitive agreementOct 1, 2024
PrairiesCan contribution to SRC Rare Earth Processing Facility (bastnaesite acquisition and processing)Rare earthsGrantC$15.96MPrairies Economic Development CanadaObligatedAug 14, 2024
METI supply assurance plan 2024永久磁石第3号-1 (Santoku, waste-magnet rare earth recycling)Rare earthsGrant¥200MMETI Permanent Magnet Supply Assurance PlansDefinitive agreementJul 24, 2024
A$5 Million International Partnerships in Critical Minerals Grant to Renascor for the PSG Demonstration Facility (July 2024)GraphiteGrantA$5MInternational Partnerships in Critical Minerals Program (Australian Government)ObligatedJul 12, 2024
NRCan Critical Minerals Research, Development and Demonstration Contribution to Lomiko Metals (May 2024)GraphiteGrantC$4.9MCritical Minerals Research, Development and Demonstration ProgramObligatedMay 16, 2024
DPA Title III Technology Investment Agreement with Lomiko Metals for La Loutre Graphite Studies (May 2024)GraphiteCooperative agreement$8.35MDefense Production Act Title IIIObligatedMay 16, 2024
CORFO-Albemarle Salar de Atacama Contract AmendmentLithiumLease—CORFO Salar de Atacama Lithium ContractsDefinitive agreementApr 26, 2024
METI supply assurance plan 2024永久磁石第2号-1 (Daido Steel / Daido Electronics, magnet capacity expansion)Rare earthsGrant¥500MMETI Permanent Magnet Supply Assurance PlansDefinitive agreementApr 25, 2024
Commonwealth Critical Minerals Development Program Grant of A$4.7 Million to International Graphite (2024)GraphiteGrantA$4.7MCritical Minerals Development Program (Australian Government)AnnouncedApr 20, 2024
Western Australian Government A$6.5 Million for International Graphite at Collie (April 2024)GraphiteGrantA$6.5MWestern Australian Government Collie industrial transition and investment attraction fundingAnnouncedApr 20, 2024
Export Finance Australia Critical Minerals Facility Loan of up to A$185 Million to Renascor Resources (2022, re-approved 2024)GraphiteLoanA$185MCritical Minerals Facility (Export Finance Australia)AmendedApr 17, 2024
Section 48C tax credit allocation to e-VAC Magnetics, 2024Rare earthsTax credit$111.9MQualifying Advanced Energy Project Credit (48C)ObligatedApr 9, 2024
METI supply assurance plan 2024永久磁石第1号-1 (Shin-Etsu Chemical, magnet capacity expansion)Rare earthsGrant¥13BMETI Permanent Magnet Supply Assurance PlansDefinitive agreementApr 9, 2024
NRCan CMRDD contribution to SRC Rare Earth Processing Facility (Dy/Tb separation)Rare earthsGrantC$4.99MCritical Minerals Research, Development and Demonstration ProgramObligatedFeb 16, 2024
NRCan CMRDD contribution to Ucore RapidSX demonstration (Kingston)Rare earthsGrantC$4.2MCritical Minerals Research, Development and Demonstration ProgramObligatedFeb 5, 2024
Northern Australia Infrastructure Facility loan of up to A$200 million to Arafura (Nolans project)Rare earthsLoanA$200MNorthern Australia Infrastructure FacilityConditional commitmentJan 1, 2024
DOE demonstration plant award — Rare Element Resources ($21.9 million)Rare earthsGrant$21.9MDOE Rare Earth Demonstration AwardsObligatedDec 21, 2023
DoD $94.1 million agreement with e-VAC Magnetics, 2023Rare earthsGrant$94.1MDefense Production Act Title IIIObligatedDec 13, 2023
DOE Selection for Tennessee LithiumLithiumGrant$141.7MDOE Office of Manufacturing and Energy Supply ChainsCancelledNov 7, 2023
DOE MESC Bipartisan Infrastructure Law Grant to NOVONIX Anode Materials for the Riverside Synthetic Graphite Plant (2023)GraphiteGrant$100MDOE Office of Manufacturing and Energy Supply ChainsObligatedOct 31, 2023
NRCan CMRDD Contribution to Prairie LithiumLithiumGrantC$324.5KCritical Minerals Research, Development and Demonstration ProgramCancelledOct 17, 2023
METI supply assurance plan 2023永久磁石第1号-1 (Aichi Steel, rare-earth-saving magnets and capacity expansion)Rare earthsGrant¥1.1BMETI Permanent Magnet Supply Assurance PlansDefinitive agreementAug 25, 2023
DoD Heavy Rare Earth Separation Contract with Lynas USA (June 2022, Amended August 2023)Rare earthsProcurement contract—Industrial Base Analysis and Sustainment ProgramAmendedAug 1, 2023
DPA Title III Technology Investment Agreement with Graphite One for the Graphite Creek Feasibility Study (July 2023)GraphiteCooperative agreement$37.5MDefense Production Act Title IIIObligatedJul 17, 2023
European Investment Bank EUR 150 Million Board-Approved Debt Facility for Talga's Vittangi Anode Project (2023)GraphiteLoan€150MEuropean Investment BankConditional commitmentJun 21, 2023
DoD RapidSX demonstration award — Ucore ($4 million)Rare earthsCooperative agreement$4MDefense Production Act Title IIIObligatedJun 2, 2023
NRCan CMRDD contribution to Geomega magnet recycling demonstration plantRare earthsGrantC$3MCritical Minerals Research, Development and Demonstration ProgramObligatedMar 7, 2023
EXIM letter of interest — NioCorp Elk Creek (up to $800 million)Rare earthsLoan$800MEXIM Make More in America InitiativeAnnouncedMar 6, 2023
Northern Australia Infrastructure Facility increased loan approval of A$220 million to Hastings (Yangibana project)Rare earthsLoanA$220MNorthern Australia Infrastructure FacilityConditional commitmentJan 17, 2023
Export Finance Australia Pilgangoora Expansion LoanLithiumLoanA$125MCritical Minerals Facility (Export Finance Australia)Definitive agreementNov 11, 2022
NAIF Pilgangoora P680 Expansion LoanLithiumLoanA$125MNorthern Australia Infrastructure FacilityDefinitive agreementSep 20, 2022
DOE ATVM Direct Loan to Syrah Technologies for the Vidalia Active Anode Material Facility (July 2022)GraphiteLoan$102.1MDOE Loan Programs Office - Advanced Technology Vehicles Manufacturing (ATVM) Loan ProgramDefinitive agreementJul 27, 2022
UK Automotive Transformation Fund backing for Pensana's Saltend rare earth processing hubRare earthsGrant£5MAutomotive Transformation FundAnnouncedJul 22, 2022
DoD $35 Million Heavy Rare Earth Processing Contract with MP Materials (February 2022)Rare earthsProcurement contract$35MIndustrial Base Analysis and Sustainment ProgramObligatedFeb 22, 2022
Export Finance Australia Critical Minerals Facility Loan of up to US$40 Million to EcoGraf (February 2022)GraphiteLoan$40MCritical Minerals Facility (Export Finance Australia)Conditional commitmentFeb 2, 2022
DPA Title III Technology Investment Agreement with Lynas USA for Light Rare Earth Separation (February 2021)Rare earthsCooperative agreement$30.4MDefense Production Act Title IIIObligatedFeb 1, 2021
DPA Title III Technology Investment Agreement with MP Materials for Light Rare Earth Separation (November 2020)Rare earthsCooperative agreement$9.6MDefense Production Act Title IIIObligatedNov 17, 2020
DPA Title III award to Urban Mining Company (Noveon Magnetics), 2020Rare earthsCooperative agreement$28.8MDefense Production Act Title IIIObligatedSep 11, 2020