A couple of highlights around the act that were extracted from Grok.
30 Days: Funding Mechanisms and PlansBy April 19, 2025 (30 days from the order), the DoD must add mineral production as a priority under its Industrial Base Analysis and Sustainment Program and can begin using Defense Production Act (DPA) authority to allocate funds. The DPA allows the DoD to issue grants, loans, or loan guarantees for projects deemed essential to national security, such as those involving critical minerals.
Also by April 19, 2025, the DFC and DoD are required to propose a plan to the Assistant to the President for National Security Affairs to establish a dedicated mineral production fund. This fund, leveraging DoD investment authorities (including DPA) and DFC financing tools, could directly support miners and manufacturers.
Ann: Extension of LoI from Export Development Canada, page-6
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