Trump Jr.'s Firm Secures $620M Defense Contract

Vulcan Elements, a rare-earth magnet startup backed by Donald Trump Juniors venture capital firm, secures a $620 million contract with the US Department of Defense. This marks the largest contract ever awarded by the Pentagons Office of Strategic Capital. The company aims to strengthen domestic supply of these crucial magnets through a $1.4 billion partnership with the government and ReElement Technologies. Despite Trump Juniors involvement, Vulcan Elements denies his participation in contract negotiations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.