​On September 5, 2023, ElementUS Minerals, an American company specializing in the extraction and refining of essential minerals such as iron, alumina, and bauxite, announced its invitation to submit Part II of the application for a loan guarantee under the United States Department of Energy (DOE) Title 17 Clean Energy Financing Program. This announcement followed ElementUS' successful completion of Part I of the $400 million loan application process.

Part I of ElementUS' loan application involved a comprehensive analysis of the company's extraction and refining processes, a review of the business plan, and an assessment of its projected carbon footprint. The invitation to submit Part II of the application reflects the Loan Programs Office’s (LPO) commitment to ensuring that the project meets all technical eligibility requirements outlined in the applicable LPO solicitation.

In his address, Joe Carrabba, the CEO of ElementUS, expressed profound gratitude and appreciation for the tireless efforts of the ElementUS team, who dedicated thousands of hours, months of work, and extensive data analysis to ensure the success of the loan application. He emphasized that the ElementUS team eagerly anticipates acceptance into the Department of Energy Loan Programs.

​In March 2021, ElementUS Minerals, LLC, announced its approval by the Louisiana Public Facilities Authority (LPFA) for the allocation of tax-exempt private activity bond issuance. This approval, part of the anticipated $850 million total debt approved for facility construction, marks a significant milestone for ElementUS Minerals.

James W. Parks II, president and CEO of the LPFA, stated in a press release that the LPFA is pleased to assist ElementUS with the necessary financing for this exciting economic development opportunity and appreciates its investment in Louisiana.

With the financial backing from the state of Louisiana, ElementUS has continued to extract valuable rare earth elements and minerals from residual bauxite at DADA’s alumina refinery in Gramercy, Louisiana, while deploying Enervoxa technology to separate residual bauxite into its component materials.

ElementUS operates as a rare earth elements and minerals extraction joint venture between DADA Holdings and Enervoxa, a multi-integrated infrastructure and renewable energy construction company based in Canada with operations worldwide.