Rare earths startup secures $620 million US federal loan, with Donald Trump Jr.'s firm invested

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A rare earths start-up, Vulcan Elements, secured a $620 million US federal government loan. Donald Trump Jr.'s investment firm, 1789 Capital, had previously invested in Vulcan Elements. The loan, part of a larger $1.4 billion deal with ReElement Technologies, aims to boost magnet production. This is the largest loan from the Pentagon's Office of Strategic Capital. At least four companies backed by 1789 Capital have received over $735 million in government contracts this year, raising conflict of interest concerns.


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Rare earths startup secures $620 million US federal loan, with Donald Trump Jr.'s firm invested | News Minimalist