Trump Admin Takes Stake in Critical Mineral Firm ATALCO

Tuesday, January 13, 2026

The Trump administration is taking a $150 million equity stake to build the US's only big producer of gallium, a critical mineral used in satellite systems and military radar.

Posted by LampLighter at 09:31 PM | 14 COMMENTS | permalink | Comment on This Entry |

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The Trump administration is taking a $150 million equity stake to build the US's only big producer of gallium, a critical mineral used in satellite systems and military radar

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-- Bloomberg News (@bloomberg.com) Jan 12, 2026 at 8:00 AM

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... The Defense Department and an affiliate of Pinnacle Asset Management are set to announce a strategic partnership Monday involving Atlantic Alumina Co., or ATALCO, which has been turning bauxite into alumina just outside of New Orleans since the late 1950s. Alumina is a fine white powder used to make aluminum.

The deal is the latest example of the Trump administration's unprecedented push to invest directly in companies it views as critical to US national security. It took a stake in chipmaker Intel Corp. last year while also negotiating a "golden share" in US Steel Corp. as part of its takeover of Japan's Nippon Steel Corp.

The Pentagon has invested $150 million of preferred equity in ATALCO, which will use that money and another $300 million from Pinnacle to boost alumina production and also "establish the country's first and only large-scale gallium production circuit," according to a statement reviewed by Bloomberg News. The US government is expected to provide "additional funding" within 30 days of closing. ...

#1 | Posted by LampLighter at 2026-01-12 01:05 PM | Reply

We are Communist now

#2 | Posted by Sycophant at 2026-01-12 02:19 PM | Reply

#2 Communism = from each according to their ability, to each according to their needs

Every parent is a Communist.

From each according to their ability (the parents), to each according to their needs (their children).

Thank you for coming to my TECH Talk.

#3 | Posted by A_Friend at 2026-01-12 02:23 PM | Reply

Pinnacle Asset Management? What is Lewzer Jr.'s role at that firm?

#4 | Posted by REDIAL at 2026-01-12 02:24 PM | Reply

Socialism for me but not for the.

#5 | Posted by Corky at 2026-01-12 02:32 PM | Reply

#6 | Posted by Corky at 2026-01-12 02:42 PM | Reply

He's also taking a huge stake in McDonald's.

#7 | Posted by Corky at 2026-01-12 02:43 PM | Reply

He's also taking a huge stake in McDonald's.

#7 | Posted by Corky

You mean a huge daily order.

#8 | Posted by Sycophant at 2026-01-12 03:09 PM | Reply

Followed by his huge daily dump, in his diapers, while he mumbles about his ballroom.

#9 | Posted by ClownShack at 2026-01-12 03:11 PM | Reply

We are Communist now

#2 | Posted by Sycophant

No, this is classical fascism.

#10 | Posted by jpw at 2026-01-12 03:25 PM | Reply | Newsworthy 3

Stephen Miller sure did his Nazi homework.

They built their own secret police, full of white supremacists, sic'd em on Democratic cities and States, have been kidnapping women and children (assuming the kids are all going into their child trafficking business, FDT looks like he's taken over Epstein's business), destroyed the economy, are preparing to break off from NATO and 2Scoops himself is declaring himself ruler of Venezuela ... oh, and the Repubicans in Congress have abdicated their authority, SCOTUS is compromised and deemed the Constitution quaint.

I'm not sure about the military yet, but he chopped off the heads of the military and installed more white supremacists there, too. It's a matter of time before he orders the shootings in the streets to be full auto on the crowds protesting him.

Thanks a lot, MAGA, we won't be forgetting you when the real ---- hits the fan.

#11 | Posted by chuffy at 2026-01-14 01:00 AM | Reply

I'm not sure about the military yet

They've been following Trumps illegal orders and killing fishermen. It's over.

Civil war is going to happen now.

#12 | Posted by Alexandrite at 2026-01-14 01:06 AM | Reply

Civil war is going to happen now.

Yeah, but between whom? I mentioned the military because if they all turn, who fights the Civil War?

#13 | Posted by chuffy at 2026-01-14 01:21 AM | Reply

No, this is classical fascism.

#10 | Posted by jpw at 2026-01-12 03:25 PM | Reply | Flag:

fascism /fshz'm/
noun
A system of government marked by centralization of authority under a dictator, a capitalist economy subject to stringent governmental controls, violent suppression of the opposition, and typically a policy of belligerent nationalism and racism.
A political philosophy or movement based on or advocating such a system of government.
Oppressive, dictatorial control.

#14 | Posted by Nixon at 2026-01-14 07:52 AM | Reply