Air Force order to Vulcan Elements for rare-earth metal supply Copy link

An Air Force purchase order to establish a domestic rare-earth metal supply chain, signed a month after 1789 Capital invested. USAspending shows $1,208,099 obligated and full and open competition with 105 offers.

Awarded to Vulcan Elements by U.S. Air Force

Tie 1789 Capital, where Trump Jr. has been a partner since November 2024, invested in Vulcan Elements in a $65 million round announced in August 2025. The size of its stake is not public.

• RecordUSAspending.gov · Purchase order FA864925P0394 to Vulcan Elements Inc. · 29 Sep 2025
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