Office of Strategic Capital $500 million conditional loan commitment with Phoenix Tailings
A $500 million conditional loan commitment signed June 16, 2026 by the Department of War's Office of Strategic Capital with Phoenix Tailings, Inc., intended with private capital to provide approximately $1 billion to expand critical metal production at the company's existing metallization facilities in Burlington, Massachusetts and Exeter, New Hampshire and to build a new U.S.-based rare earth separation and metallization facility (the Freedom Facility). The commitment is explicitly conditional, specifying steps the company must take to proceed toward financial close. Only the Exeter facility line is linked here; the Burlington facility and the Freedom Facility have no facility records yet.
Financial state: Conditional commitment
Program: Office of Strategic Capital · U.S. Department of Defense / Department of War
Terms
| Principal | $500M (conditional loan commitment signed June 16, 2026, intended with private capital to provide approximately $1 billion for expansion and the new Freedom Facility) |
|---|
Immutable financial events
- Jun 16, 2026 · Conditional commitment
Sources
- U.S. Department of War · published Jun 16, 2026 · retrieved Aug 11, 2026 · archive