Critical Materials Future Act of 2025

The Critical Materials Future Act of 2025 aims to bolster the domestic processing of critical materials, thereby reducing supply chain vulnerabilities and enhancing both energy and national security. Its primary mechanism is the establishment of the Domestic Critical Material Processing Pilot Program , which will support a minimum of three domestic projects focused on refining, processing, or recycling raw critical materials into purified forms. This pilot program is designed to attract private investment and provide financial stability to eligible projects through the use of innovative financial tools , such as contracts for difference and price floors. The Secretary of Energy will implement the program, coordinating with various federal agencies and prioritizing projects that utilize feedstock from domestic or reliable sources and demonstrate strong economic competitiveness. The Act authorizes an appropriation of $750,000,000 to carry out the program, which will remain available until expended. It also establishes a Critical Materials Revolving Fund to reinvest revenues generated from successful projects back into new critical materials processing initiatives. The program is set to terminate after five years, followed by a comprehensive study evaluating its effectiveness, the impact of financial tools, and the potential of critical material recycling.