U.S. President Donald Trump and Australian Prime Minister Anthony Albanese agreed on Monday to ensure a steady supply of critical minerals and rare earths, as the United States moves to reduce its reliance on Chinese supply.
The U.S. Export-Import Bank (EXIM) issued seven letters of interest (LOIs) on Monday for more than $2.2 billion of financing, unlocking up to $5 billion of total investment, to advance critical minerals and supply chain security projects between the two countries.
In the article section about agreements announced previously for projects outside Australia, American Rare Earths was mentioned: "American Rare Earths (ARR.AX) opens new tab received a LOI from EXIM in September 2024 for a debt funding package of up to $456 million to support construction of the Cowboy State Mine area at its Halleck Creek project in Wyoming."
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