Office of Strategic Capital conditional loan: Vulcan Elements (US$620m)
- Issuer or borrower
- Vulcan Elements
- Date
- 21 Nov 2025
- Amount
- US$620m
- Type
- Government finance
- Structure
- US Department of Defense Office of Strategic Capital direct loan (conditional commitment)
- Purpose
- Loan for rare earth magnet production
- Country
- United States
This is a programme-level or conditional commitment. It is listed for reference and left out of funded totals.
Sources
Checked against the documents above. Record DEF-2025-0021.
