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Pentagon Lends $700 Million to Vulcan, ReElement for Magnets

Published by: Bloomberg
Date: 21 November 2025
Access: Subscription. Behind a paywall or login: never quoted; cited as corroboration, with a link to the publisher.
Link: www.bloomberg.com/news/articles/2025-11-21/pentagon-lends-700-million-…

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All US ownership found in Canadian build-out assets is private, not government. US government stakes exist only in Vancouver-based companies whose mines are in …

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3 November 2025Vulcan Elements announces a US$620M Pentagon Office of Strategic Capital loan (plus US$80M to ReElement); Department of War to get warrants, Commerce US$50M of Vulcan equityDocumentFinancingUnited States2 sources