Office of Strategic Capital $725 million conditional loan commitment with Energy Fuels
A $725 million conditional loan commitment signed by the Department of War's Office of Strategic Capital with Energy Fuels, announced June 18, 2026, contemplating a 20-year loan to support the planned expansion of critical minerals processing at the White Mesa Mill in Blanding, Utah and construction of a planned U.S. rare earth metals and alloy facility. Both the Department of War and Energy Fuels state the commitment remains subject to further due diligence, finalization of agreements, and customary closing conditions, and is not closed financing; final terms and timing are to follow definitive documentation, so tenor is not recorded in terms.
Financial state: Conditional commitment
Program: Office of Strategic Capital · U.S. Department of Defense / Department of War
Terms
| Principal | $725M (conditional loan commitment announced June 18, 2026, subject to due diligence, finalization of agreements, and customary closing conditions) |
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Immutable financial events
- Jun 18, 2026 · Conditional commitment
Sources
- U.S. Department of War, Office of Strategic Capital · published Jun 18, 2026 · retrieved Aug 11, 2026 · archive
- Energy Fuels Inc. via PR Newswire · published Jun 18, 2026 · retrieved Aug 11, 2026 · archive