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Phoenix Tailings Secures $500 M Loan Amid Trump Mineral Ban

8/4/2026

38 6 Full Breakdown

Summary

Story summary

Phoenix Tailings in Exeter secured a $500 million loan to build a plant within 14 to 18 months.
The firm makes 200 kg of metal and targets 5 tons in three months and 120 tons by 2028.
President Donald Trump’s July 20 order bans contractors from sourcing critical-mineral components from China and limits Pentagon waivers.
Lockheed Martin said it is assessing the supply chain after CSIS warned restocking missiles could take three years.

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Story summary

Phoenix Tailings in Exeter secured a $500 million loan to build a plant within 14 to 18 months.
The firm makes 200 kg of metal and targets 5 tons in three months and 120 tons by 2028.
President Donald Trump’s July 20 order bans contractors from sourcing critical-mineral components from China and limits Pentagon waivers.
Lockheed Martin said it is assessing the supply chain after CSIS warned restocking missiles could take three years.