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ReElement Walks Away from Pentagon Loan | US News
ReElement Technologies has pulled back from an $80 million Pentagon loan due to hurdles meeting federal requirements, but remains in talks for a revised government financing deal as part of a $700 million critical minerals push. While the company prefers private investment to avoid debt and stay competitive with China, it’s still eyeing federal support — especially since it’s already secured $200 million from Transition Equity Partners and backing from Mitsubishi Materials. Meanwhile, Vulcan Elements’ loan is moving forward, and the White House continues to back ReElement’s mission to secure…
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