US Strategic Metals with LOI for a potential debt funding package

Letter of Interest

US Strategic Metals has informed that it received a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt funding package with a loan term of up to 15 years. This significant investment will drive the advancement of Missouri-based mining and metallurgical projects.

This initiative is eligible for consideration under EXIM Bank’s China and Transformational Export Program (CTEP), which is designed to support American companies competing with the People’s Republic of China (PRC) in critical sectors like Renewable Energy, Energy Storage, and Energy Efficiency.

Lithium value chain

With the PRC holding a dominant position in critical minerals crucial for lithium-ion batteries and advanced superalloy applications, EXIM Bank’s potential funding will play a pivotal role in establishing a robust, American-focused critical minerals supply chain. This will significantly enhance USSM’s strategic partnerships for domestic US processing, positioning the company as a key player in the burgeoning lithium value chain.

The EXIM loan, alongside our existing equity and credit facilities, will provide comprehensive funding for nearly all the anticipated construction and development capital necessary to complete our Project.
Upon USSM’s formal application for debt funding, EXIM Bank will initiate a thorough due diligence process to finalize the loan’s terms and conditions.