# Trump announces $3 billion for critical minerals, loans $58 million 2026-08-08T03:03:01+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet President Donald Trump has announced a $3 billion (over Rs 28,100 crore) investment in critical minerals and battery projects, including a $58 million loan from the US Export-Import Bank to three companies. The funding, timed with a meeting of mining executives, aims to reduce US reliance on Chinese supplies and replenish weapons stockpiles depleted during the Iran conflict, according to Reuters. The $58 million will go to Westwater Resources (graphite), Global Advanced Metals (tantalum and niobium) and 5E Advanced Materials (boron). Separately, the Defense Department will provide $1.4 billion to Sila Nanotechnologies, $400 million to Sunrise Energy Metals and $150 million to Niron Magnetics. The Department of Energy also announced $100 million in grants to boost mining education. ## Coverage - economictimes.indiatimes.com - livemint.com Tags: China, critical minerals, Export-Import Bank, mining, Trump, US Canonical: https://indianopinion.org/trump-administration-backs-3-mineral-projects-with-58-million/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/trump-administration-backs-3-mineral-projects-with-58-million/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.