ElementUS Advances in DOE Clean Energy Loan for Mineral Project

​ElementUS Minerals, which extracts strategic minerals from bauxite residue waste, has been invited to submit a Part II application for a loan guarantee under the U.S. Department of Energy's (DOE) Title 17 Clean Energy Financing Program. This step marks progress in the company’s efforts to provide a sustainable source of critical materials needed for the green transition.

The Part I application, which sought $400 million in funding, detailed ElementUS Minerals' processing technology, business plan, and commitment to maintaining a low carbon footprint. The DOE’s Loan Programs Office (LPO) invited the company to proceed, suggesting the project meets the technical eligibility requirements outlined in the solicitation.

If ElementUS Minerals successfully completes the Part II process, it could secure DOE-backed financing for a commercial-scale mineral processing facility in Louisiana. This facility aims to extract iron, alumina, and rare earth elements from bauxite residue without traditional mining, potentially reducing environmental impacts.

The DOE Title 17 program requires further due diligence and term sheet negotiations. The invitation to submit a Part II application does not guarantee funding, as the DOE’s final decision will depend on the outcomes of its full evaluation and review process.

ElementUS Minerals, a subsidiary of Fort Lauderdale-based DADA Holdings, seeks to address growing national security concerns by offering a domestic supply of critical minerals. By extracting these resources from industrial waste, the company aims to reduce dependence on traditional mining and mitigate its environmental footprint.

David D'Addario, New Day Aluminum LLC

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