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U.S. Department of War·

Department of War's Office of Strategic Capital Signs $250 Million Conditional Loan Commitment With 6K Inc.

  • The Department of War's Office of Strategic Capital (OSC) announced a $250 million conditional loan commitment to 6K, Inc.
  • The funding aims to scale domestic production of Nickel-Manganese-Cobalt (NMC) cathode active material at 6K's PlusCAM facility in Jackson, Tennessee.
  • The OSC investment is expected to catalyze an additional $250 million in private capital to expand American manufacturing capabilities.
  • This initiative advances President Donald J. Trump's national security priorities & Executive Order 14154 to onshore critical battery materials & counter foreign trade practices.
  • 6K utilizes proprietary UniMelt microwave plasma technology to synthesize single-crystal NMC powders in a single step, bypassing foreign-dominated precursor processing stages.
  • The technology reduces production cycle times by up to tenfold while lowering capital intensity & environmental impact compared to legacy processes.
  • Domestic production addresses the current U.S. reliance on foreign sources, as the country produces less than 1% of its NMC cathode needs domestically.
  • The expanded manufacturing will supply essential battery components for next-gen defense platforms, uncrewed aerial systems, tactical communications, & critical energy infrastructure.
  • The financing enables 6K to achieve cost-parity with foreign competitors & deliver an NDAA-compliant, secure supply chain for the Department of War & commercial markets.
  • The conditional loan requires 6K to satisfy customary financial, legal, technical, & diligence requirements before proceeding to financial close.