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USUnited StatesU.S. Department of War

5N Plus Inc.

St. George germanium recovery and refining expansion

CommitmentGrantPublicDecided

fin-us-dow-5n-germanium-2025

Reading this record

What the evidence says — and does not say

What kind of figure?
CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
What has happened legally?
DecidedThe provider has decided to invest, lend or award, including a conditional commitment.
Has money been paid?
Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
What does it link to?
Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.

This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

USD18.1 million

As stated “$18.1 million”

USD 18,100,000 · Exact · Currency read from the issuing government

Record

Provider
U.S. Department of WarU.S. Department of DefenseGovernment body
Legal authority
Defense Production Act Title III
Programme
None named
Recipient
5N Plus Inc.5N Plus Inc.Company
Project
St. George germanium recovery and refining expansionSt. George germanium recovery and refining expansion capital stack →
Facility
St. George facility
Location
St. George, UtahUS
Stages
Recycling, RefiningSeveral stages, split not stated
Materials
GermaniumTracked materials only

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Decidedcurrent

    The Department states that the investment was made on 15 December 2025 and announced later because of the government shutdown. No execution or payment evidence is established in the reviewed sources: no definitive agreement or federal award record was found, USAspending lists no 2025 or later award to 5N Plus for this scope as of 4 October 2026 (an absence in one dataset, which can lag), and 5N+'s filings call it an award without stating execution. The row is not advanced to contracted.

    U.S. Department of War

Implementation

  1. Announcedcurrent

    The Department states that 5N+ will expand zone-refining capacity at its St. George facility. 5N+ describes a planned expansion over 48 months (30 January 2026 release) and, in its 2025 Sustainability Report, over the next four years. 'Announced' records this stated plan, not construction. The St. George site itself operates; no later physical stage of the funded scope is evidenced in the sources read, and 5N+'s 22 September 2026 facility-expansion release does not attribute that expansion to this award.

    U.S. Department of War

Terms

Operative terms as the source words them.

TermFigureAs stated
Duration48 months“over the course of the next 48 months”Company description of the capacity-expansion period.5N Plus Inc.

Stated outcomes

Who says it matters: a company target is not a government commitment.

Annual capacityStated by the recipient

up to 20 metric tons of high-purity germanium per year

“valorize up to 20 metric tons of high-purity germanium per year”

The company describes recovery/refining capability; the Department separately describes zone-refining capacity as more than 20 metric tons annually, so the two statements are not merged.

5N Plus Inc.

Notes

A separate DPA-funded scope from the 2024 germanium-substrate award. Recycling and refining are both named, but the $18.1M is not divided by stage. Reviewed 4 October 2026: no execution or payment evidence established in the reviewed sources (no executed-agreement document, federal award record, payment or payment date was found). The physical stage supported for the funded scope is announced only, which records the stated plan and not construction (recipient wording is future-tense, including its 2025 Sustainability Report, which is undated). 5N+'s 22 September 2026 release about a roughly 50% St. George facility expansion says it is funded from existing capex plans and customer support and does not attribute it to this award.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. Department of War Invests $18.1M to Increase U.S. Refining Capacity for Germanium Metal

    U.S. Department of War

    Fields supported
    Instrument · Value role · Capital source · Amount · Provider · Legal authority · Recipient · Project · Facility · Location · Supply-chain stages · Materials · Status
    Evidence level
    Explicit
    Location in document
    Opening through capacity paragraphs
    Qualification
    The release says the investment was made on 15 December 2025; it does not say an agreement was executed or any amount paid.
    View source dossier →

  2. 5N+ Awarded US$18.1 Million by U.S. Government to Significantly Increase Germanium Production Capacity in St. George, Utah

    5N Plus Inc.

    Fields supported
    Instrument · Amount · Recipient · Project · Facility · Location · Supply-chain stages · Materials · Terms · Outcomes
    Evidence level
    Explicit
    Location in document
    Opening through capacity paragraphs
    Qualification
    Recipient release: 5N+ says it 'has been awarded' the grant and describes future-tense capacity growth ('will enable', 'gradually', 'In time') over 48 months. It states no execution, condition or payment.
    View source dossier →

  3. 5N Plus Inc. Management's Discussion and Analysis, year ended December 31, 2025

    5N Plus Inc.

    Fields supported
    Instrument · Amount · Recipient · Supply-chain stages · Materials
    Evidence level
    Explicit
    Location in document
    Page 4, Specialty Semiconductors discussion, sentence beginning 'In early 2026, the Company announced'
    Qualification
    Recipient securities disclosure: the grant is described as awarded, without naming St. George, stating execution, conditions or payment. The FY2025 financial statements carry only a general government-grants accounting policy and no award-specific receivable or deferred amount.
    View source dossier →

  4. 5N+ 2025 Sustainability Report

    5N Plus Inc.

    Fields supported
    Facility · Location
    Evidence level
    Explicit
    Location in document
    Page 42, Waste Management, 'Driving Circularity Through Germanium Recovery'
    Qualification
    Recipient publication (not a securities filing): 5N+ describes a 'planned expansion' of germanium recovery and recycling at St. George 'supported by a significant financial award from the U.S. government', to increase recovery 'over the next four years'. It states no execution, payment or stage. It dates the announcement to 2025, whereas the Department and the company's release date it to January 2026, and it also attaches space-qualified solar-cell capacity to this award, which is the 2024 award's subject; neither point is coded here.
    View source dossier →