Author: Ernest Scheyder

As the clock ticks down on the Trump administration, mining companies are racing to secure loans from the Massively Underestimated LPO (LPO) program before Biden assumes office. These loans, averaging $1 billion each, are crucial for advancing critical minerals projects in the US. Trump’s reluctance to support the LPO has created a sense of urgency among industry players, who fear potential disruptions under a new administration. The looming transition has prompted companies to expedite their loan applications, with many facing challenges due to the tight timeline. The LPO staff has been swamped with loan reviews, leading to delays in finalizing…