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Find similar grantsCHIPS Incentives for Critical Minerals Processing Facility is sponsored by U.S. Department of Commerce. This opportunity supports mission-aligned projects and measurable outcomes.
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The Department of Commerce’s CHIPS Program Finalizes Definitive Agreement With USA Rare Earth For Up To $1. 6 Billion To Support The Company’s “Mine-to-Magnet” Strategy | NIST https://www. nist.
gov/news-events/news/2026/06/department-commerces-chips-program-finalizes-definitive-agreement-usa-rare The Department of Commerce’s CHIPS Program Finalizes Definitive Agreement With USA Rare Earth For Up To $1. 6 Billion To Support The Company’s “Mine-to-Magnet” Strategy WASHINGTON, D. C.
– The Department of Commerce’s CHIPS Program Office announced the signing of a final award for up to $277 million in federal incentives and a loan agreement for up to $1. 3 billion with USA Rare Earth (USAR) under the CHIPS and Science Act.
The CHIPS funds will help strengthen the domestic semiconductor ecosystem by onshoring the supply of 12 critical and strategic minerals and establishing production capability for up to 10,000 tons per annum of rare earth metal alloy and Neodymium Iron Boron (NdFeB) magnets (also known as “rare earth magnets”).
The CHIPS funding will support USAR’s construction of a mining and processing facility at Round Top Mountain in Sierra Blanca, TX, and expansion and modernization of metal and magnet production facilities in Stillwater, OK and Blacksburg, SC. The critical and strategic minerals produced from the mine will include dysprosium, holmium, lutetium, thulium, gallium, gadolinium, terbium, yttrium, erbium, ytterbium, hafnium, and zirconium.
The combined production for the metal and magnet facilities will be 10,000 tons per annum of rare earth metals and alloys and 10,000 tons per annum of rare earth magnets. Click here to download the PDF version of this press release. Electronics , Semiconductors , Manufacturing , Materials , Metals , Physics and Magnetics
According to the current listing, eligibility includes: Crucible Metals, LLC, a subsidiary of Korea Zinc. Confirm the full requirements in the official notice before applying.
The current listing shows $210 million in direct funding. Verify award ceilings, matching requirements, and allowable costs in the official notice.
CHIPS Incentives for Critical Minerals Processing Facility is funded by U.S. Department of Commerce. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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