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Government Funding For Greenland Rare Earths, A Billionaire's Bet On Plastic Recycling, And Texas Funds Psychedelic Research

Government Funding For Greenland Rare Earths, A Billionaire's Bet On Plastic Recycling, And Texas Funds Psychedelic Research

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June 17, 2025

The U.S. Export-Import Bank Wants To Fund Critical Metals’ Rare Earth Production

Critical Metals (NASDAQ: CRML) officially received a letter of interest from the United States Export-Import Bank for a $120 million loan to accelerate bringing their flagship rare earth property in Greenland into production. Critical Metals’ Tanbreez Project is widely considered to be one of the most significant rare earth element deposits globally and has been making waves with historical drilling results from the property.

Billionaire Stanley Druckenmiller Is Betting On This Plastic Recycling Public Company

PureCycle Technologies (NASDAQ: PCT) entered into a binding deal to raise $300 million in a new equity financing round with multiple investors, including Stanley Druckenmiller’s Duquesne Family Office. PureCycle Technologies is one of the most advanced publicly traded companies in North America focused on the recycling and purification of polypropylene plastic waste.

The State of Texas Is Funding New Ibogaine Research

Texas Governor Greg Abbott officially signed Senate Bill 2308 into law which will allow for $50 million in state funds to go towards researching ibogaine as a potential therapeutic treatment for veterans with post traumatic stress disorder. This is the first time the state of Texas has ever directly funded research on psychedelics and the largest publicly funded psychedelic drug development project in American history.

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The Sprint

Liberty Defense (TSXV: SCAN) won a new contract with an airport in the United States of America for their HEXWAVE security screening hardware.
DeFi Development Corp (NASDAQ: DFDV) entered into a $5 billion equity line of credit financing deal with RK Capital Management for the purpose of purchasing Solana.
The Metals Company (NASDAQ: TMC) landed a new $85.2 million strategic investment from Korea Zinc, a world leader in non-ferrous metal refining.
Archer Aviation (NYSE: ACHR) entered into a $18 million deal with Indonesian defense manufacturing company PT. Industri Ketahanan Nasional to deploy their Midnight electric aircraft.
BNDES, Brazil’s development bank, committed nearly $1 billion in new investment into startups and private companies advancing rare earth element deposits within the country.
Multiverse Computing, a Spain based quantum software company, raised $215 million to advance their technology that leverages tensor networks to compress large artificial intelligence models.
Coco Robotics raised $80 million in a new strategic financing round led by OpenAI co-founder Sam Altman.
XAUt0, Tether’s new omnichain gold backed stablecoin, was listed for trading on popular decentralized exchange Hyperliquid.
OpenAI landed a new contract worth up to $200 million with the United States Department of Defense to leverage artificial intelligence for combat purposes, data entry, and records management.

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