2 sources · first reported Yesterday
The Pentagon has invested $25 million into ReElement Technologies, a rare earths startup, to expand domestic rare earth refining capacity. This investment aims to support the development of critical materials for defense applications. The move is part of efforts to reduce reliance on foreign suppliers and enhance national security.
The investment is significant as rare earths are crucial for the production of advanced defense technologies, including electronics and weaponry. By expanding domestic refining capacity, the Pentagon seeks to ensure a stable supply of these critical materials and reduce dependence on foreign sources.
How this story unfolded across sources, oldest first.