The White House Intervened to Get a $620M Deal for Donald Trump Jr
The White House intervened to secure a $620 million loan for Vulcan Elements, a company linked to Donald Trump Jr. This intervention has raised concerns about cronyism, as the request for the loan came from a White House adviser. The deal has been described as a significant financial commitment by the Pentagon to reduce reliance on China's mineral supply chains.
- ▪The Pentagon announced a $620 million loan to Vulcan Elements, a company associated with Donald Trump Jr.
- ▪The request for the loan was made by Peter Navarro, a White House adviser and friend of Trump Jr.
- ▪Vulcan Elements was the only company whose loan request was initiated by a top aide to the president.
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President Donald Trump, with son Donald Trump Jr., returns to the White House from Florida in May. Anna Rose Layden/Getty Images The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr. About three months before the Pentagon announced plans to lend money to Vulcan Elements, Trump Jr.’s venture capital firm took an undisclosed stake in the company. by Robert Faturechi May 28, 2026, 5:00 am {"componentName":"ShareToolsRebrand","props":{"pageTitle":"The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr.","pageUrl":"https://www.propublica.org/article/donald-trump-jr-vulcan-deal-white-house"},"contextArray":[]} {"componentName":"DarkModeToggleRebrand","props":{},"contextArray":[]} Contrast Change Appearance AutoLightDark…
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