{
  "commitment": {
    "id": "fin-us-osc-obbba-2025-lending-authority",
    "eventId": "evt-us-dod-mp-2025",
    "relationships": [],
    "instrument": "loan",
    "valueRole": "lending_authority",
    "capitalSource": "public",
    "amount": {
      "value": "100000000000",
      "currency": "USD",
      "qualifier": "up_to",
      "amountAsStated": "creating up to $100 billion in available loan funds specifically for critical minerals production and related industries and projects",
      "currencyBasis": "issuer_context"
    },
    "provider": "US Department of Defense, Office of Strategic Capital",
    "providerJurisdiction": "us",
    "providerOrgIds": [
      "org-us-osc"
    ],
    "legalAuthority": "One Big Beautiful Bill Act",
    "programmeId": "prg-us-osc-critical-minerals-lending",
    "recipient": null,
    "recipientOrgIds": [],
    "project": null,
    "projectId": null,
    "facility": null,
    "locations": [],
    "stages": [],
    "stageAllocation": "not_stated",
    "materialIds": [],
    "materialAttribution": "not_stated",
    "untrackedMaterialsAsStated": [],
    "financialStatusHistory": [
      {
        "status": "authorized",
        "date": "2025-07-04",
        "sourceId": "src-osc-mp-loan-2025",
        "note": null
      }
    ],
    "implementationStatusHistory": [],
    "terms": [],
    "outcomes": [],
    "evidence": [
      {
        "sourceId": "src-osc-mp-loan-2025",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "amount",
          "provider",
          "legal_authority",
          "status",
          "programme"
        ],
        "evidence": "explicit",
        "locator": "Third paragraph",
        "note": null
      }
    ],
    "notes": "A lending ceiling created by the $500 million credit subsidy, as the OSC release describes it. A ceiling on what may be lent, not money lent; awards drawn from it are recorded separately and never added to it."
  },
  "event": {
    "id": "evt-us-dod-mp-2025",
    "date": "2025-07-10",
    "jurisdiction": "us",
    "titleEn": "DoD–MP Materials public-private partnership for rare earth magnet supply"
  },
  "parents": [],
  "children": [
    {
      "id": "fin-us-dod-mp-2025-samarium-loan",
      "relationship": "drawn_from"
    },
    {
      "id": "fin-us-osc-vulcan-reelement-2025-joint-commitment",
      "relationship": "drawn_from"
    }
  ],
  "sources": [
    {
      "id": "src-osc-mp-loan-2025",
      "title": "Office of Strategic Capital Announces First Loan Through DoD Agreement With MP Materials to Secure Critical Materials Supply Chain",
      "publisher": "U.S. Department of Defense, Office of Strategic Capital",
      "url": "https://www.war.gov/News/Releases/Release/Article/4270722/office-of-strategic-capital-announces-first-loan-through-dod-agreement-with-mp/",
      "language": "en",
      "datePublished": "2025-08-10",
      "dateAccessed": "2026-09-23",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "OSC release recording the execution of the $150M loan contemplated by the July 2025 DoD agreement, the office's first direct loan. war.gov returns HTTP 403 to automated clients; the body text was read in full in a browser on 2026-09-23. It states that the funding for the loan comes from the One Big Beautiful Bill Act, which provides OSC with $500 million of credit subsidy funding, creating up to $100 billion in available loan funds for critical minerals production and related industries and projects. The loan's rate and term come from the MP Materials Form 8-K (src-dod-mp-transaction-agreement-2025)."
    }
  ]
}