There’s a bit more detail in this Yahoo news article.
https://news.yahoo.com/exclusive-u-army-fund-rare-060834844.html
its an open competition for a grant to pay up to 1’2/3 of a projects cost
The Army said it will fund up to two-thirds of a refiner's cost and that it would fund at least one project and potentially more. Applicants must provide a detailed business plan and specify where they will source their ore, among other factors.
U.S Army to fund rare earth plants, page-2
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