☹️ Donald Trump's son will profit from the Pentagon.

The US Department of War has awarded $620 million to Vulcan Elements, a little-known company involved in rare earth metals and magnet production.

❗️Key detail:

The startup received investment from 1789 Capital, a fund led by Donald Trump Jr., just three months before the deal.

Key facts about the deal:

• Vulcan Elements has only about 30 employees, but it received the largest loan in the history of the Pentagon's Strategic Capital Office.

• This is the fourth company backed by 1789 Capital to receive federal funds in 2025. The total amount is more than $735 million.

• Vulcan Elements and the Department of Defense claim that Trump Jr.'s fund was not involved in the negotiations and that the decision was made on merit.

• The funding is part of a massive $1.4 billion deal to develop rare earth magnet supply chains within the US.