Jovanovic’s First EXIM Board Action: Critical Minerals Expansion in Pennsylvania with Department of War
Washington, D.C. – The Export-Import Bank of the United States (EXIM) has approved a direct loan to Pennsylvania based 6K Additive LLC for an expansion project in Burgettstown, Pennsylvania that will support over 50 new American jobs. The $27 million financing includes the construction of four new buildings and the acquisition of advanced equipment to refine titanium, nickel, and alloy powders.
The project is the latest approval under EXIM’s Make More in America Initiative (MMIA), designed to revitalize U.S. manufacturing and secure critical supply chains and is the first deal in history conducted in coordination with the U.S. Department of War’s Defense Production Act (DPA) Title III program.
This transaction also marks the first board meeting chaired by President and Chairman John Jovanovic, who signed off on the approval.
“This expansion is proof that American manufacturing is innovating and growing,” said EXIM Chairman John Jovanovic. “My first Board action is about rebuilding America’s industrial base, securing critical supply chains, and making sure America leads in the industries of the future. Partnering with the Department of War on this effort underscores EXIM’s role as an economic tool to effectuate President Trump’s agenda for revitalizing our domestic manufacturing and bringing supply chain security to America.”
"This U.S. Export-Import Bank loan will scale domestic production capacity for advanced metals needed for defense applications and strategic economic sectors," said the Honorable Michael Cadenazzi, the Assistant Secretary of War for Industrial Base Policy. "This loan also builds upon the Department of War’s 2023 Defense Production Act Title III investment in 6K Additive and exemplifies the whole-of-government approach to building and scaling critical mineral capabilities."
“6K Additive has a unique ability to domestically produce a variety of materials critical for applications in the defense, hypersonic and aerospace markets,” explained Frank Roberts, President of 6K Additive. “Expanding our production capacity with the help of Government funding like the $27M EXIM loan and the $23M DPA Title III grant ensures both our military and commercial customers get high-value powder, ingots and alloy additions like titanium, nickel, C-103/niobium and other refractory metals originating from a U.S.-based supply chain.”
ABOUT EXIM:
As the United States government’s official export credit agency, the Export-Import Bank of the United States (EXIM) supports American jobs by facilitating U.S. exports. As an independent agency, EXIM plays a critical role in supporting economic growth, securing critical supply chains, and ensuring American businesses are given a fighting chance. To achieve this mission, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. Learn more at www.exim.gov.
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