ETFs & Funds
Home›ETFs & Funds›ETFs›U.S. announces $3 billion for critical minerals and ba…
U.S. announces $3 billion for critical minerals and battery projects
The plan includes a $400 million conditional loan from the Defense Department Office of Strategic Capital to Sunrise Energy Metals.
The United States has moved to bolster domestic critical minerals and battery production with a $3 billion investment plan announced by President Trump on August 7, according to ETF Trends.
The initiatives are designed to expand U.S. production, support defense and industrial needs, and reduce reliance on China for critical minerals.
ETF Trends also points to a specific example of federal backing, citing a $400 million conditional loan extended by the Defense Department Office of Strategic Capital to Sunrise Energy Metals.
For investors seeking ex-China exposure, the outlet highlights the Sprott Rare Earths Ex-China ETF (REXC), noting it holds rare earth mining companies based outside China, including Sunrise Energy Metals as of August 17, 2026.