Government · Government fund · United States
Office of Strategic Capital
HQ Washington, United StatesFounded 2022
Pentagon office that provides loans and loan guarantees to companies in critical technology and supply-chain sectors.
- Part ofU.S. Department of Defense
Awards issued9 · up to $4.71B ceiling
| Announced | Award | Recipients | Type | Program | Obligated | Ceiling | Confidence |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026 | Office of Strategic Capital conditional loan commitmentpress:sunrise-energy-metals:2026-08-07 | Sunrise Energy Metals | Loan | — | — | Up to $400M | Confirmed |
| Aug 7, 2026 | Office of Strategic Capital conditional loan commitmentpress:sila-nanotechnologies:2026-08-07 | Sila Nanotechnologies | Loan | — | — | Up to $1.40B | Confirmed |
| Aug 7, 2026 | Office of Strategic Capital conditional loan commitmentpress:niron-magnetics:2026-08-07 | Niron Magnetics | Loan | — | — | Up to $150M | Confirmed |
| Jul 31, 2026 | OSC conditional loan commitment for drone component manufacturingpress:performance-drone-works:2026-07-31 | Performance Drone Works | Loan | — | — | Up to $820M | Confirmed |
| Jun 18, 2026 | OSC conditional loan commitment for rare earth processingpress:energy-fuels:2026-06-18 | Energy Fuels | Loan | — | — | Up to $725M | Confirmed |
| Jun 16, 2026 | OSC conditional loan commitment for rare earth metal productionpress:phoenix-tailings:2026-06-16 | Phoenix Tailings | Loan | — | — | Up to $500M | Confirmed |
| Nov 21, 2025 | OSC conditional loan commitment for magnet manufacturingpress:vulcan-elements:2025-11-21 | Vulcan Elements | Loan | — | — | Up to $620M | Confirmed |
| Nov 21, 2025 | OSC conditional loan commitment for rare earth refiningpress:reelement-technologies:2025-11-21 | ReElement Technologies | Loan | — | — | Up to $80.0M | Confirmed |
| Sep 18, 2024 | Joint OSC-Navy investment to mature Lynx SRM manufacturingpress:ursa-major:2024-09-18 | Ursa Major | Contract | — | — | Up to $12.5M | Reported |
- Office of Strategic Capital conditional loan commitmentAug 7, 2026 · LoanConfirmedUp to $400MCeiling
- Office of Strategic Capital conditional loan commitmentAug 7, 2026 · LoanConfirmedUp to $1.40BCeiling
- Up to $150MCeiling
- OSC conditional loan commitment for drone component manufacturingJul 31, 2026 · LoanConfirmedUp to $820MCeiling
- Up to $725MCeiling
- OSC conditional loan commitment for rare earth metal productionJun 16, 2026 · LoanConfirmedUp to $500MCeiling
- Up to $620MCeiling
- OSC conditional loan commitment for rare earth refiningNov 21, 2025 · LoanConfirmedUp to $80.0MCeiling
- Up to $12.5MCeiling
Obligated is what has been committed so far; ceiling is the most the award can reach. Joint values cover all recipients and are excluded from this company’s money totals.
Portfolio1 company · 1 lead
| Company | Stage | Role | Announced | Round size |
|---|---|---|---|---|
 | Debt | Lead | Nov 3, 2025 | $620M |
- Debt · Led the round$620MNov 3, 2025
One row per round this investor joined. Round size is the whole round, not this investor's share.
Jun 18, 2026NewsPentagon inks pair of rare earth mineral loans for $1.2 billion - Breaking DefenseJun 18, 2026Government recordThe Department of War's Office of Strategic Capital Signs $725 Million Conditional Loan Commitment With Energy Fuels, Inc.U.S. Department of WarNov 21, 2025Government record (high significance)Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement TechnologiesU.S. Department of War
- Jun 18, 2026NewsPentagon inks pair of rare earth mineral loans for $1.2 billion - Breaking Defense
- Jun 18, 2026Government recordU.S. Department of WarThe Department of War's Office of Strategic Capital Signs $725 Million Conditional Loan Commitment With Energy Fuels, Inc.
- Nov 21, 2025Government record (high significance)U.S. Department of WarOffice of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies
Sources5
- 1Government recordThe Department of War's Office of Strategic Capital Signs $725 Million Conditional Loan Commitment With Energy Fuels, Inc.
U.S. Department of War · Jun 18, 2026 · Supports Organization
“a $725 million conditional loan commitment with Energy Fuels, Inc. to scale the company's domestic processing of rare earth elements”
- 2Government recordOffice of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies
U.S. Department of War · Nov 21, 2025 · Supports Organization
“The OSC commitment includes two separate loans, one to Vulcan for $620 million and one to ReElement for $80 million.”
- 3Government recordEstablishment of the Office of Strategic Capital
Supports Organization · founded year
“I hereby establish the Office of Strategic Capital (OSC)”
- 4Government recordSecretary of Defense Establishes Office of Strategic Capital
Supports Organization · founded year
“Secretary of Defense Establishes Office of Strategic Capital Dec. 1, 2022”
- 5Government recordOffice of Strategic Capital - OUSW(R&E)
Supports Organization · hq city
“3030 Defense Pentagon, Washington, DC 20301-3030”
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