“The Biden administration had finalized loans for several U.S. critical minerals projects in its final months, including a $2.26-billion debt package for Lithium Americas (LAC.TO), opens new tab and nearly $1 billion for ioneer (INR.AX), opens new tab. Those loans are final and cannot be altered, according to two industry sources and an administration source familiar with the loan terms. Bernard Rowe, CEO of Australia-based ioneer, said he does not believe Trump's move will affect his company's loan, adding that the executive order directs the Energy Department to ensure critical minerals projects "receive consideration for federal support, contingent on the availability of appropriated funds."
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