The Office of Strategic Capital is conditionally committing $500 million in long-term debt financing toward the construction of the Freedom Facility, anchoring an approximately $1 billion comprehensive financing initiative to rebuild America's rare earth industrial base. Once operational, the facility will process diverse feedstocks to produce the light and heavy rare earth metals required by American industry, defense systems, and allied supply chains.
The midstream rare earth supply chain is the critical link between feedstock producers such as mines and recyclers, downstream manufacturers, and end users. Today, American defense systems, advanced manufacturing, energy infrastructure, and consumer technology depend heavily on critical materials refined overseas using processes that carry significant environmental, societal, and geopolitical risks. Establishing a resilient supply chain is a national security imperative for the United States and its allies.
"Supporting domestic processing for critical minerals and rare earths is a key focus for OSC, and the rare earth midstream processing capabilities that Phoenix Tailings represents are key shortage areas that need to be rapidly addressed. We are pleased to support Phoenix Tailings in building the company's Freedom Facility, which will represent an important step in strengthening the full mine-to-magnet supply chain in the United States," said David A. Lorch, Director of ...
