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Trump announces sweeping federal investments and loans to revive U.S. mining
Summary
At a Department of State event, President Donald J. Trump announced a package of federal funding and financing to expand U.S. mining, critical-minerals processing and workforce training, describing a $100 billion commitment for supply-chain investments and multiple project loans and grants.
President Donald J. Trump said at the Department of State that his administration will direct large-scale federal resources toward American mining and critical minerals to reduce reliance on foreign suppliers and rebuild domestic industry. "We're putting our miners back to work," he told attendees, and said the administration had "secured an unprecedented $100,000,000,000 to underwrite critical investments in our mineral supply."
Trump framed the move as tied to national security and economic independence, saying recent policy changes shortened permitting timelines and that the government has approved deals and projects at an accelerated pace. He cited multiple project-level actions and lending arrangements the administration says will spur new mines, processing plants and associated manufacturing.
