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ReElement Walks Away from Pentagon Loan | US News
Description
ReElement Technologies has pulled back from an $80 million Pentagon loan due to hurdles meeting federal requirements, but remains in talks for a revised government financing deal as part of a $700 million critical minerals push. While the company prefers private investment to avoid debt and stay competitive with China, it’s still eyeing federal support — especially since it’s already secured $200 million from Transition Equity Partners and backing from Mitsubishi Materials. Meanwhile, Vulcan Elements’ loan is moving forward, and the White House continues to back ReElement’s mission to secure domestic supply chains for national security tech.
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