Trump Unveils Billions of Dollars in Mining-Tied Deals, Investments
President Donald Trump on Friday announced billions of dollars in deals and investments in and around the mining industry, as well as more than $180 million in funding for mining schools.
Trump detailed several of the deals and investments at an event on American mining at the State Department on Friday.
WATCH: @POTUS announces a series of major grants to mining schools, and a number of historic mining projects, worth $3 billion, which will create thousands of American jobs! 🇺🇸 https://t.co/pMhGEGNnQ5 pic.twitter.com/9ic8iA8mpC
— Rapid Response 47 (@RapidResponse47) August 7, 2026
The full list as provided by the White House is as follows:
The Department of War is investing over $85 million into Standard Bauxite to secure the supply chain of refractory-grade bauxite to support manufacturing of high-temperature-resistant materials used to make critical components for our warfighters and essential to the modern industrial economy.
The Department of War is investing $150 million into Niron Magnetics, a Minnesota company developing and producing 100% domestic, rare earth-free permanent magnets to support the defense industrial base and help eliminate dependency on foreign-produced rare earth magnets.
.@POTUS: "Half of our current mining workforce is set to retire within the next 3 years. That's why my administration is making an unprecedented financial commitment to our nation's mining schools… the schools came to us seeking $10M per year in funding. Instead, I'm thrilled… pic.twitter.com/bLm3nVlqQn
— Rapid Response 47 (@RapidResponse47) August 7, 2026
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