Key Facts

• President Trump announced these mining deals during a mining roundtable event.
• The Department of Defense plans to sign a $1.4 billion loan with Sila Nanotechnologies.
• The loan will help build a new battery manufacturing facility.
• The administration says these investments will help the economy grow.
• Strengthening supply chains is a major goal of the mining support efforts.
• The focus is on increasing domestic production of important materials for technology and defense.
• This initiative is part of a broader plan to secure critical industries in the U.S.