NMA Applauds DOE Loan Eligibility Expansion for Extraction

WASHINGTON, D.C. – The National Mining Association (NMA) today issued the following comment from Rich Nolan, president and CEO, on the announcement from the Department of Energy’s (DOE) Loan Programs Office (LPO) expanding its loan support to minerals mining and extraction activities as eligible project costs under the Title 17 Clean Energy Financing Program.

Nolan said, “It’s great to see the Department of Energy recognizing and leaning into the fact that strong minerals supply chains begin in the mine, with extraction. Given that responsible sourcing is a stated priority for the administration, by supporting domestic extraction, DOE will help ensure that the minerals that feed our manufacturing supply chains are produced in accordance with the world’s strongest environmental and labor laws, instead of being sourced from global incumbents with inferior standards. We look forward to seeing this policy gain traction on the ground and hope to see more guidance and programs from across the agencies acknowledge that responsible sourcing starts in American mines.”

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