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Administration cites project-level loans and EXIM financing for batteries, copper and graphite
Summary
The president named specific financings and projects said to be supported by government entities: a $1.4 billion loan agreement for Sealand Nanotechnologies, EXIM Bank support for Ivanhoe Electric's Santa Cruz copper project, a $25 million Alabama Graphite project and an integrated boron facility in Southern California.
In his remarks, President Trump listed multiple project financings the administration said were being executed to support domestic supply chains. He said the (transcript) "Department of War's Office of Strategic Capital is signing a massive $1,400,000,000 loan agreement with Sealand Nanotechnologies to build a next generation battery facility in Washington state," and that the Export-Import Bank was arranging more than $1 billion to finance Ivanhoe Electric's Santa Cruz copper project in Arizona.
The president also mentioned EXIM launching an Alabama Graphite Project worth $25,000,000 and a Fort Katy integrated boron facility in Southern California; he credited those investments with creating jobs and supply-chain capacity. The transcript attributes the financing announcements to administration agencies and the EXIM Bank; the remarks did not include binding contract texts or disclosure of loan terms in the event.
