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Commerce CHIPS funding for Vulcan Elements Copy link
Alongside the Pentagon loan, the Commerce Department awarded Vulcan Elements $50 million in CHIPS Act funding for equipment at its North Carolina magnet plant, and takes $50 million of equity in the company in return. No disbursement is recorded on USAspending.
Awarded to Vulcan Elements by U.S. Department of Commerce
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.
- RecordNIST, U.S. Department of Commerce · Vulcan Elements Inc. (North Carolina)
- RecordU.S. Department of War · Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies · 21 Nov 2025 · Archived
- ReportProPublica · The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr. · 28 May 2026 · Archived
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
Amount paid not public$50M announced value, not counted
Son. Partner, 1789 Capital; EVP, Trump Organization
$1.29B counted by default · 18 line items
Cite this line item
Follow the Grift, “Commerce CHIPS funding for Vulcan Elements,” line item for Donald Trump Jr., https://followthegrift.com/items/donjr-vulcan-chips/ (added 26 Oct 2026; accessed 01 Nov 2026).
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