:

Pentagon

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

By Cal Biesecker

Thursday, June 18th, 2026

SHARE:

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

Energy Fuels' White Mesa Mill facility in Utah. Photo: Energy Fuels

The Defense Department’s Office of Strategic Capital (OSC) has agreed to loan $725 million to Energy Fuels, Inc. [UUUU], to help the company expand its business from uranium production to rare earth separation and metallization, the midstream process between mineral extraction and magnet production. The government loan and additional private capital will support a planned expansion of the company's critical minerals processing capabilities at its White Mesa Mill in Utah and a new U.S.-based rare earth separation and metallization facility,…

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]