Fact Sheets
Fact Sheet: President Donald J. Trump Announces Billions in New Deals and Investments to Power American Mining
The White House
August 7, 2026
BOLSTERING AMERICAN MINING: Today, President Donald J. Trump held a historic roundtable with the mining industry where he announced over $2 billion in critical mining and mining-related projects to revitalize the industry and over $180 million in mining school investments to bolster the American mining workforce.
The Department of War is investing over $85 million into Standard Bauxite to secure the supply chain of refractory-grade bauxite to support manufacturing of high-temperature-resistant materials used to make critical components for our warfighters and essential to the modern industrial economy.
The Department of War is investing $150 million into Niron Magnetics, a Minnesota company developing and producing 100% domestic, rare earth-free permanent magnets to support the defense industrial base and help eliminate dependency on foreign-produced rare earth magnets.
The Department of War is investing $1.4 billion into Sila Nanotechnologies, a California-based manufacturer, to expand production of silicon-carbon battery anodes and buildout a lithium-ion battery cell manufacturing facility to strengthen the supply chains of satellite operations, unmanned aerial systems, and munitions.
The Department of War is investing $400 million into Sunrise Energy Metals to develop a full scandium value chain, including the world’s first primary scandium mine, to help secure the supply chain of high-heat aluminum alloys which are used in fighter jets and spacecraft.
The Export-Import Bank is investing $8 million into 5E Advanced Materials, a California-based company to develop a boron deposit, a key component of permanent magnets, semiconductors, and glass.
The Export-Import Bank is investing $25 million into Westwater Resources in Alabama to develop the Coosa Graphite Deposit to support domestic battery manufacturing.
The Export-Import Bank is investing $25 million into Global Advanced Materials in Pennsylvania for tantalum and niobium to support electronic, magnet, and steel production.
The Development Finance Corporation is matching a $4.8 million investment into Harena Rare Earths to develop a rare earth mine in Madagascar to secure vital inputs for American manufacturing, such as magnet metal and rare earths.
The Department of Energy is investing $100 million into America’s 14 mining schools to revitalize the next-generation workforce double the number of graduates with mining, minerals, and associated supply chain credentials.
The Department of War is investing over $80 million into three schools for major workforce development programs and technology innovation hubs to train the next generation of geologists, metallurgists, and mining engineers.
PRIORITIZING DOMESTIC CRITICAL MATERIALS AND THEIR SUPPLY CHAINS: President Trump is ensuring America’s critical materials and critical supply chains are robust and secure to reduce reliance on hostile foreign countries, protect our national security, and strengthen the economic resilience of vital industries.
Critical materials build and power the modern world from cars to military weaponry and factory machinery to smartphones and computers. It is vital that the United States have sufficient and secure mining, processing, refining, manufacturing, and recycling to reduce reliance on foreign countries.
These investments help mitigate and reverse critical supply chain vulnerabilities, bolster U.S. industrial resilience against geopolitical disruptions, and ensure that the defense industrial base and next-generation technologies are powered by secure and domestically sourced components.
Additionally, America cannot restore its industrial competitiveness and rebuild its critical mineral supply chain without rebuilding the workforce that powers it. For decades, the nation’s critical mineral supply chain has steadily contracted despite a rapid increase in demand for critical minerals.
This historic roundtable was the largest meeting of industry leaders and the President in over 120 years. No other President has supported American mining more than President Trump.
RESTORING AMERICAN INDUSTRY: President Trump’s leadership is restoring America’s mining industry and national and economic security, ensuring reliable supplies of critical materials and supply chains.
President Trump campaigned on the promise to rebuild and reshore American industry, emphasizing the need to restore its strength and security after years of neglect.
Since January 2025, the Trump Administration has signed or approved 160 minerals deals totaling almost $40B, creating American jobs and securing our critical materials sectors.
President Trump has utilized Section 232 to protect and strengthen domestic manufacturing critical for our national and economic security, including imposing tariffs and directing negotiations with trading partners covering a variety of goods, including steel, aluminum, copper, trucks and automobiles, timber, lumber, semiconductors, critical minerals, and pharmaceuticals.
These actions strengthen these essential U.S. industries and the U.S. industrial base, ensure domestic producers and workers can compete on a level playing field, protect American jobs, and bolster American national security.
In March 2025, President Trump signed an Executive Order boosting American mineral production, streamline permitting, and enhance national security.
In April 2025, President Trump signed a historic Executive Order restoring American dominance in offshore critical minerals and resources.
In October 2025, President Trump directed his Administration promptly issuing authorizations necessary for the establishment of the Ambler Road Project. This project will provide road transportation access to the Ambler Mining District.
In January 2026, President Trump signed an Executive Order addressing the threatened impairment of national security with respect to imports of processed critical minerals and their derivative products (PCMDPs).
In May 2026, U.S. manufacturing grew at its fastest rate in four years, its fifth straight month of expansion — nearly tripling expectations. President Trump’s America First trade policies continue to deliver and strengthen the economy and national security of the United States.
In July 2026, President Trump signed an Executive Order to secure America’s defense supply chains for the cutting-edge equipment that allows the U.S. to dominate the modern battlefield, particularly, ensuring domestic supplies of the critical materials and components necessary to manufacture that equipment.
In July 2026, President Trump signed a Presidential Determination delegating authority under the Defense Production Act to institute export restrictions on recoverable critical minerals and materials (CMMs).
