US Department of War’s OSC Announces $500m Loan for Phoenix Tailings
The Office of Strategic Capital (OSC), under the US Department of War, has conditionally committed a $500 million loan to Phoenix Tailings. The funding aims to expand rare earth element processing in the U.S., including establishing the Freedom Facility. Combined with private investment, this is expected to total around $1 billion and address bottlenecks in midstream rare earth supply chains.
