{
  "programme": {
    "id": "prg-us-osc-critical-minerals-lending",
    "name": "Office of Strategic Capital critical-minerals lending (One Big Beautiful Bill Act)",
    "nameOriginal": null,
    "actor": "us",
    "kind": "financing_facility",
    "administeringOrgIds": [
      "org-us-osc"
    ],
    "parentProgrammeId": null,
    "legalAuthorityAsStated": "One Big Beautiful Bill Act",
    "evidence": [
      {
        "sourceId": "src-osc-mp-loan-2025",
        "supports": [
          "kind",
          "administrators",
          "legal_authority"
        ],
        "evidence": "explicit",
        "locator": "Third paragraph",
        "note": "\"The bill provides OSC with $500 million of credit subsidy funding, creating up to $100 billion in available loan funds specifically for critical minerals production and related industries and projects.\""
      },
      {
        "sourceId": "src-osc-mp-loan-2025",
        "supports": [
          "name"
        ],
        "evidence": "ambiguous",
        "locator": "Third paragraph",
        "note": "A descriptive name: the sources give this lending no programme title."
      }
    ],
    "notes": null
  },
  "parentProgrammeId": null,
  "childProgrammeIds": [],
  "envelopesListedNotSummed": [
    {
      "id": "fin-us-osc-obbba-2025-credit-subsidy",
      "valueRole": "budget_appropriation",
      "amount": {
        "value": "500000000",
        "currency": "USD",
        "qualifier": "exact",
        "amountAsStated": "$500 million of credit subsidy funding",
        "currencyBasis": "issuer_context"
      }
    },
    {
      "id": "fin-us-osc-obbba-2025-lending-authority",
      "valueRole": "lending_authority",
      "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"
      }
    }
  ],
  "recordedAwardTotals": {
    "currencies": [
      {
        "currency": "USD",
        "countedIds": [
          "fin-us-dod-mp-2025-samarium-loan",
          "fin-us-osc-vulcan-reelement-2025-joint-commitment"
        ],
        "nestedIds": [
          "fin-us-osc-vulcan-reelement-2025-reelement-loan",
          "fin-us-osc-vulcan-reelement-2025-vulcan-elements-loan"
        ],
        "status": "summed",
        "instruments": [
          {
            "instrument": "loan",
            "countedIds": [
              "fin-us-dod-mp-2025-samarium-loan",
              "fin-us-osc-vulcan-reelement-2025-joint-commitment"
            ],
            "summed": true,
            "byQualifier": {
              "exact": "850000000"
            },
            "binding": {
              "exact": "150000000"
            },
            "notYetBinding": {
              "exact": "700000000"
            }
          }
        ],
        "overlap": null
      }
    ],
    "unquantifiedIds": [],
    "endedIds": [],
    "statusNotStatedIds": []
  },
  "recordedAwardIds": [
    "fin-us-dod-mp-2025-samarium-loan",
    "fin-us-osc-vulcan-reelement-2025-joint-commitment",
    "fin-us-osc-vulcan-reelement-2025-reelement-loan",
    "fin-us-osc-vulcan-reelement-2025-vulcan-elements-loan"
  ],
  "otherLayers": [],
  "designationIds": [],
  "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)."
    }
  ]
}