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Tennessee, USA · Joint venture
Critical-metals smelter
Federal support (equity, loans, commitments)
Conditional $1.4B (Defense); ~40% of JV per press
as of Dec 15, 2025 · theoagseo.com
Open roles
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no public job board
Federal awards
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none found
Last private raise
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no Form D on file
SEC filings
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not an SEC filer
Coming up
POLICY45X: advanced manufacturing
Wind components end after 2027. Solar and battery components: 75% in 2030, 50% in 2031, 25% in 2032, none from 2033. Critical minerals: 75% in 2031, 50% in 2032, 25% in 2033, none from 2034. Affects Critical Minerals & Materials.
+ THESISPOLICYFederal equity stakes in critical-minerals companies
Defense, Commerce and DOE have taken equity, warrants or loans in MP Materials, Lithium Americas, Vulcan Elements, USA Rare Earth and others; see the Minerals tab for the full list. Affects Critical Minerals & Materials.
+ THESISREGULATORYDepartment of War completes final environmental assessment for Project Crucible
The US Department of War completed its final environmental assessment for the $7.4B Tennessee smelter in September 2026, and Korea Zinc said it will proceed with additional construction and operating permits. Partial output is scheduled for 2029 and full commercial production for 2030.
upi.com →+ THESISREGULATORYClarksville approves 20-year 57% property tax abatement for Crucible Metals
A PILOT agreement approved in late August 2026 gives Crucible Metals a 20-year 57% Montgomery County property tax abatement, in exchange for over 400 jobs paying at least $83,000 per year. This is a local incentive, not federal support.
clarksvillenow.com →+ THESISREGULATORYProject Crucible designated first FAST-41 project involving a Korean company
Project Crucible was designated in May 2026 as the first FAST-41 project, following coordination between the Federal Permitting Improvement Steering Council and Tennessee. The date is an estimate; the source gives only the month.
upi.com →+ THESISPROJECTKorea Zinc launches Crucible Metals in Clarksville after Nyrstar smelter acquisition
Korea Zinc completed its acquisition of the Nyrstar smelter and launched Crucible Metals and affiliates on April 1-2, 2026, in Clarksville, Tennessee. The company plans to retain the existing smelter workforce.
thelec.net →+ THESISPOLICYForeign-entity (FEOC) supply-chain rules for tax credits
Notice 2026-15 explains how to calculate the material-assistance cost ratio and gives interim safe harbors for 45Y, 48E and 45X. Proposed regulations and safe-harbor tables are still to come. Affects Critical Minerals & Materials.
+ THESISPOLICYSection 232: processed critical minerals
Investigation concluded without tariffs; the President directed negotiations with trading partners and left other tools open. Affects Critical Minerals & Materials.
+ THESISFUNDINGCrucible JV secures 10.59% Korea Zinc stake via $1.94B placement
Crucible JV took 2.21 million newly issued Korea Zinc shares for about $1.94B, with the share payment scheduled for January 5, 2026. The JV's US Department of War stake is reported at 40.1%.
kedglobal.com →+ THESISNo public filings, raises or hiring trend to read yet.
Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
No federal grants, contracts or loans found on USAspending.gov under this company's US entity name.
Policy that applies
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
No minerals, policies or partners linked yet. Add them in the review spreadsheet.
2026-09-21 · regulatory
Department of War completes final environmental assessment for Project CrucibleThe US Department of War completed its final environmental assessment for the $7.4B Tennessee smelter in September 2026, and Korea Zinc said it will proceed with additional construction and operating permits. Partial output is scheduled for 2029 and full commercial production for 2030.2026-08-26 · regulatory
Clarksville approves 20-year 57% property tax abatement for Crucible MetalsA PILOT agreement approved in late August 2026 gives Crucible Metals a 20-year 57% Montgomery County property tax abatement, in exchange for over 400 jobs paying at least $83,000 per year. This is a local incentive, not federal support.2026-05-01 · regulatory
Project Crucible designated first FAST-41 project involving a Korean companyProject Crucible was designated in May 2026 as the first FAST-41 project, following coordination between the Federal Permitting Improvement Steering Council and Tennessee. The date is an estimate; the source gives only the month.2026-04-02 · project
Korea Zinc launches Crucible Metals in Clarksville after Nyrstar smelter acquisitionKorea Zinc completed its acquisition of the Nyrstar smelter and launched Crucible Metals and affiliates on April 1-2, 2026, in Clarksville, Tennessee. The company plans to retain the existing smelter workforce.2026-01-05 · funding
Crucible JV secures 10.59% Korea Zinc stake via $1.94B placementCrucible JV took 2.21 million newly issued Korea Zinc shares for about $1.94B, with the share payment scheduled for January 5, 2026. The JV's US Department of War stake is reported at 40.1%.Not an SEC filer, or no US entity matched. Most private and foreign companies don't file.