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Ernest Scheyder on Muck Rack

Ernest Scheyder

Verified
  • Senior Correspondent and Writer, Reuters
Houston, United States
As seen in: Reuters, The Waterstones Podcast, MSN, MSN Australia, MSN Brasil, MSN Canada, MSN Money Canada, MSN Singapore, MSN UK, UOL, Bloomberg News and
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Sources: Rare Earths Startup ReElement Drops $80 Million Pentagon Loan

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By Ernest Scheyder Verified, Jarrett Renshaw Verified
| Newsmax Verified
Rare earths startup ReElement Technologies has stopped seeking an $80 million Pentagon loan that was part of a broader push by the Trump administration to jump-start domestic production of critical minerals to challenge China's dominance of the sector, two administration officials told Reuters. The officials said the move came after the company struggled to satisfy the federal government's due diligence requirements for the conditional loan offer.
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