Hertha Metals closed a $133.65 million Series A financing, including a $65 million U.S. government equity investment through the Industrial Base Analysis and Sustainment program's Economic Defense Unit. The financing is intended to support construction of Hertha Chalyx, a planned 10,000-tonne-per-year facility for steel-grade and magnet-grade high-purity iron.
USDA Rural Development awarded a combined $408,410 to Very Good Meat Company and Bluebird Locker for processing and packaging equipment intended to expand regional meat capacity, including a projected packaging-capacity increase of up to 40% at Bluebird Locker.
The Department of War's Office of Strategic Capital announced a conditional $75 million loan commitment to Halo Industries to expand silicon-carbide wafer manufacturing in Santa Clara, California, for power-electronics and defense supply chains.
The Department of War's Office of Strategic Capital provided 6K with a conditional loan commitment of up to $250 million to support construction and development of its PlusCAM cathode-material production facility in Jackson, Tennessee.
The New Jersey Economic Development Authority announced approval of a $60.56 million, five-year tax-credit award supporting Amneal Pharmaceuticals' planned expansion of eight Piscataway buildings into an integrated manufacturing campus. Amneal plans more than $240 million in eligible capital investment over three years and expects the project to create more than 330 full-time jobs while expanding capacity for transdermal patches, biosimilars, and pharmaceutical injectables.