Trump unveils $2 billion mining push to secure critical mineral supply chains
The Trump administration announced over $2 billion in mining investments and $180 million for mining schools to strengthen domestic critical mineral supply chains.
The Trump administration has announced more than $2 billion in new investments in mining and related projects, alongside over $180 million for mining schools, as part of a broader effort to secure domestic critical mineral supply chains and reduce reliance on foreign sources.
The investments were unveiled during a White House roundtable with mining industry leaders, described as the largest such meeting between a US President and mining executives in over 120 years.
The Department of War is committing $1.4 billion to California-based Sila Nanotechnologies to expand production of silicon-carbon battery anodes and establish a lithium-ion battery cell manufacturing facility. This investment aims to strengthen supply chains for satellites, unmanned aerial systems, and munitions.
Another $400 million will go to Sunrise Energy Metals to develop a full scandium value chain, including the world's first primary scandium mine. Minnesota-based Niron Magnetics will receive $150 million to develop domestic rare earth-free permanent magnets, while over $85 million is directed to Standard Bauxite for refractory-grade bauxite supplies used in high-temperature-resistant materials.
The Export-Import Bank is investing $8 million in 5E Advanced Materials for a boron deposit, $25 million in Westwater Resources for the Coosa Graphite Deposit in Alabama, and $25 million in Global Advanced Materials for tantalum and niobium projects in Pennsylvania. The US Development Finance Corporation is matching a $4.8 million investment in Harena Rare Earths to develop a rare earth mine in Madagascar.
On the workforce front, the Department of Energy is investing $100 million across 14 US mining schools to double the number of graduates with mining and supply-chain credentials. The Department of War is adding more than $80 million for three schools focused on workforce development and technology innovation hubs.
The White House said the administration has signed or approved 160 minerals-related deals worth nearly $40 billion since January 2025. The latest measures build on Section 232 actions and executive orders aimed at promoting domestic production and addressing vulnerabilities in critical mineral supply chains.