Milford Mining Secures USDA-Backed Financing to Advance Utah's Critical Minerals Production

USDA guarantees $25 million loan for copper mining operation in Utah

The Agriculture Department has awarded a Utah company a $25 million loan to support a copper mining and processing operation in the state. In a Sept. 9 statement, USDA said the funding for the Milford Mining Company Utah would be provided by its Business and Industry Guaranteed Loan Program in partnership with Magnolia Bank. “This program helps rural businesses by increasing access to business capital and thereby improving the economic health of…

Milford Mining Secures USDA-Backed Financing to Advance Utah's Critical Minerals Production

$25 million loan will bolster America's domestic critical minerals supply