New financing measures to help build critical minerals sector
Australia has world-leading deposits of rare earth and critical minerals representing a substantial commercial opportunity. The Australian Government will secure the future of rare earth and critical mineral projects, including those strategically important to defence end-use, with new financial options and a dedicated project facilitation office within the Department of Industry.
Projects which boost our ability to extract and process critical minerals in Australia will be eligible for financial support through Export Finance Australia (EFA) including the Defence Export Facility. Changes will also be made to allow projects to access dual funding through the EFA as well as the Northern Australia Infrastructure Facility.