Strategic Materials
Policy Tracker

Source dossier

Follow one registered original document back to the published records that cite it. Each link below is an explicit source reference, not an association inferred from a shared event, company, material or project.

Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies

Primary source

U.S. Department of War (Office of Strategic Capital)

OfficialenPublished 21 Nov 2025Accessed 23 Sep 2026

Read in full in a browser on 2026-09-23 (war.gov returns HTTP 403 to automated clients). Source of the joint $700 million conditional loan commitment ($620 million to Vulcan Elements, $80 million to ReElement Technologies), the OBBBA funding source, the warrants, the Commerce CHIPS Program Office's preliminary non-binding letter of intent for $50 million in proposed incentives, the $50 million of Vulcan equity Commerce will receive, and the statement that no OSC funds are disbursed until the conditions are met.

Open original document ↗

https://www.war.gov/News/Releases/Release/Article/4339788/office-of-strategic-capital-agrees-to-joint-700m-conditional-loan-commitment-wi/

10 directly citing records. This is a snapshot of the curated public corpus, not a live document monitor or proof that every sentence in the linked document supports every aspect of a record. Status and implementation observations are distinct from executed agreements, cash disbursements and verified physical milestones. Private research and pending editor reviews are excluded.

Policy events

1 distinct published record with an explicit reference to this source.

  1. Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies

    evt-us-osc-vulcan-reelement-2025

    • Cited policy event

Financial instruments

4 distinct published records with an explicit reference to this source.

  1. Purchase of equipment, in parallel with OSC's financing

    fin-us-commerce-chips-vulcan-2025-incentives

    • Field evidence: amount
    • Field evidence: capital_source
    • Field evidence: instrument
    • Field evidence: legal_authority
    • Field evidence: programme
    • Field evidence: project
    • Field evidence: provider
    • Field evidence: status
    • Field evidence: terms
    • Field evidence: value_role
    • Financial status report
    • Instrument term
  2. Vulcan Elements and ReElement Technologies

    fin-us-osc-vulcan-reelement-2025-joint-commitment

    • Field evidence: amount
    • Field evidence: capital_source
    • Field evidence: instrument
    • Field evidence: legal_authority
    • Field evidence: materials
    • Field evidence: outcomes
    • Field evidence: programme
    • Field evidence: provider
    • Field evidence: recipient
    • Field evidence: relationships
    • Field evidence: stages
    • Field evidence: status
    • Field evidence: terms
    • Field evidence: value_role
    • Financial status report
    • Instrument relationship
    • Instrument term
    • Stated or targeted outcome
  3. ReElement Technologies

    fin-us-osc-vulcan-reelement-2025-reelement-loan

    • Field evidence: amount
    • Field evidence: capital_source
    • Field evidence: instrument
    • Field evidence: materials
    • Field evidence: programme
    • Field evidence: provider
    • Field evidence: recipient
    • Field evidence: relationships
    • Field evidence: status
    • Field evidence: value_role
    • Financial status report
    • Instrument relationship
  4. Vulcan Elements

    fin-us-osc-vulcan-reelement-2025-vulcan-elements-loan

    • Field evidence: amount
    • Field evidence: capital_source
    • Field evidence: instrument
    • Field evidence: materials
    • Field evidence: programme
    • Field evidence: provider
    • Field evidence: recipient
    • Field evidence: relationships
    • Field evidence: status
    • Field evidence: value_role
    • Financial status report
    • Instrument relationship

Original-language framing

1 distinct published record with an explicit reference to this source.

  1. secure a domestic supply chain for the magnets used in chip manufacturing, drones, electric vehicles, fighter jets, industrial motors, nuclear submarines, and satellites

    fc-us-osc-vulcan-magnets

    • Original framing quotation

Organizations

4 distinct published records with an explicit reference to this source.

  1. ReElement Technologies

    org-reelement-technologies

    • Field evidence: kind
    • Field evidence: name
  2. U.S. Department of Commerce

    org-us-commerce

    • Field evidence: actor
    • Field evidence: country
    • Field evidence: kind
    • Field evidence: name
  3. U.S. Department of Defense

    org-us-dod

    • Field evidence: name
  4. Vulcan Elements

    org-vulcan-elements

    • Field evidence: kind
    • Field evidence: name

Only direct references in published events, field evidence, source-linked status histories, quotations, legal relationships, profiles and reviewed project milestones are shown. These links do not assign causality. See the source hierarchy and verification methodology.