(Sponsored) For much of the past decade, capital has constrained critical-minerals development as much as geology. Deposits holding metals that Western governments consider strategic can be too large for junior equity markets, too early for conventional project finance or exposed to markets that remain small and opaque. The gap between identifying a mineral resource and financing a mine has stalled projects that governments say they need. Washington is increasingly using public capital to narrow that gap.On August 7, the U.S. Department of War’s Office of Strategic Capital announced ...

(Sponsored) For much of the past decade, capital has constrained critical-minerals development as much as geology. Deposits holding metals that Western governments consider strategic can be too large for junior equity markets, too early for conventional project finance or exposed to markets that remain small and opaque. The gap between identifying a mineral resource and financing a mine has stalled projects that governments say they need. Washington is increasingly using public capital to narrow that gap.On August 7, the U.S. Department of War’s Office of Strategic Capital announced ...