French government EUR 106 million support to Caremag (Lacq rare earth recycling and refining plant)
EUR 106 million of French state support to Caremag SAS (a Carester subsidiary) within the EUR 216 million financing secured 17 March 2025 for its rare earth recycling and refining facility at Lacq. Per Carester's press release, the French support comes via France Relance and France 2030 subsidies, repayable advances, and a Green Industry tax credit granted in July 2024 — a mix the source does not break down by amount, so the whole EUR 106 million is recorded as a single grant-typed instrument with the mix noted in the stated basis. The Japanese side of the financing (JOGMEC and Iwatani, up to EUR 110 million) is recorded separately as caremag-jogmec-2025.
Financial state: Definitive agreement
Program: France - National Rare Earths and Permanent Magnets Plan · Government of France (DGE / France 2030)
Terms
| Amount | €106M (EUR 106 million total French state support comprising France Relance and France 2030 subsidies, repayable advances, and a Green Industry tax credit granted in July 2024; the source does not split the amount across these mechanisms, so the mixed package is recorded under a single grant type with this ambiguity noted) |
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Immutable financial events
- Mar 17, 2025 · Definitive agreement