Sneaky reference in an AFR article a mate found
”In March, ExIm [US Export Bank and Financier - US Gov backed] signalled its desire to lend a further $1.28 billion to ASX-listed rare earths companies via early stage “letters of interest” that may be formalised as loans at concessional rates in future.Australian Strategic Materials received a non-binding pledge of $US600 million ($909 million) to help advance plans for a mine near Dubbo in NSW, while Meteoric Resources was given a non-binding pledge for $US250 million to help it develop a rare earths project in Brazil.Neither loan is guaranteed and both would be tied to US companies winning contracts on the rare earths projects if they go ahead. American construction giant Bechtel has already won the contract to run the feasibility study for the Dubbo mine.“ExIm’s prime mission is to facilitate exports and to support US jobs,” Ms Lewis said. “There always has to be a nexus when we’re looking at funding.”It has also issued letters of interest Liontown, RZ Resources, Australian Vanadium and Sunrise Energy Solutions.”
this is big news, remove space in link below
https://www.a fr.com/companies/mining/us-and-australia-ink-critical-minerals-funding-pact-20240829-p5k6ig
Letter of Interest - US Funding
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