We connect Nordic FORGE-nation producers and state entities with U.S. government programs, strategic buyers, and the financial incentives that allied-nation supply chains make available — building durable value for Nordic producers and governments, not extracting it.
Nordic Critical Minerals LLC is a U.S.-domiciled critical minerals supply chain platform. We are asset-light: we hold no mines and carry no exploration risk. Instead, we provide the commercial, legal and compliance infrastructure that bridges allied-nation mineral producers with U.S. government and commercial buyers.
Our Wyoming LLC structure is the U.S. contracting entity that Nordic producers and state entities can partner with — enabling participation in EXIM programs, DoD supply agreements, and the Project Vault stockpile. Where NCM-supplied Nordic feedstock is processed by U.S. manufacturers, those manufacturers may access IRA Section 45X production credits — a demand-side cost advantage that strengthens the commercial case for Nordic supply. NCM is at seed stage, with producer discussions active across Sweden and Norway. Commercial partnership terms are structured per agreement and are designed to reflect the value created for producers and their governments.
European allied-nation producers hold the minerals the U.S. government needs. But EXIM Project Vault, IRA Section 45X credits, Defense Production Act Title III grants, and DoD stockpile contracts all require a U.S.-domiciled counterparty. NCM is that counterparty.
Advance capital to producers and state entities in exchange for U.S. market offtake rights. Partnership structures are flexible — accommodating private producers, state-owned enterprises, export credit agency co-financing, and sovereign co-investment alongside NCM. Commercial terms are negotiated to reflect U.S. program access, capital deployment, and market development services provided.
Incorporated in Wyoming — recognised as the premier U.S. jurisdiction for private commercial entities, providing a robust legal framework for cross-border supply chain structures. Structured for long-term institutional partnership with Nordic producers, state entities, and export credit agencies.
NCM creates four structural advantages for Nordic producers and state entities in the American market — advantages that are structurally unavailable to non-U.S. entities operating alone.
Wyoming LLC provides the NDAA-compliant U.S. contracting entity required by DoD, EXIM, DLA and IRA programs. Nordic producers and state entities are ineligible to sign directly. NCM contracts on their behalf — as a U.S. domestic counterparty — at commercially negotiated terms structured per agreement.
EXIM Project Vault ($12B, $10B direct loan): as a U.S.-incorporated CMAP applicant, NCM is positioned to access government-backed financing at preferential rates and channel it as advance capital to Nordic producers and state entities. IRA 45X credits apply to qualifying U.S. processing activity on NCM-supplied feedstock — creating a demand-side incentive for U.S. buyers to source from Nordic FORGE-nation supply.
Defense Logistics Agency Strategic Materials, DLA stockpile purchases, DoD prime contractor supply chains, and the EXIM/Project Vault stockpile program. Fixed-price government contracts create counter-cyclical revenue independent of spot commodity markets.
Phase 1 is raw material offtake. Phase 2 links NCM supply with U.S. or Nordic processing partners — upgrading concentrate to battery-grade, refined metal, or separated REE products before delivery. For Nordic governments, this is the industrial policy opportunity: value-added processing creating skilled jobs and supply chain depth in Nordic jurisdictions, not just ore exports. DOE CMMA and IRA 48C investment credits are available for qualifying processing facilities.
NCM sits between allied-nation producers and U.S. buyers — the commercial bridge that neither side can build alone.
NCM is not a competitor to national mineral strategies — it is the purpose-built U.S. commercial vehicle to deliver them in the American market. Nordic governments are actively developing state participation frameworks for critical minerals, including proposals for state mineral companies, sovereign funds, and Petoro-style structures. Whatever institutional model emerges, NCM is designed to serve as its U.S. operating arm.
Government-to-government FORGE commitments and bilateral MoUs create expectations of supply — but they require a commercial entity to deliver results. NCM holds the U.S. legal structure, program relationships, and supply chain infrastructure that any Nordic institutional body would need to build from scratch — and can be operational for the Jan 2027 mandate window.
Nordic mineral value belongs to Nordic nations. NCM's role is to maximise that value in the U.S. market — not to extract it. Any institutional structure Norway, Sweden, or Finland develops for state participation in critical minerals can engage with NCM as a partner, co-investor, or operating vehicle — on terms that reflect national interests.
Ministries of Trade, Industry, and Foreign Affairs can designate NCM as a recognised commercial vehicle for FORGE framework delivery — converting bilateral MoU commitments into auditable supply agreements. NCM provides ministries with documented, verifiable evidence of FORGE commitment delivery. No direct financial commitment required at this stage.
A new state mineral company, fund, or Petoro-style participation entity does not need to build U.S. operations from zero. NCM is already incorporated, structured, and operationally positioned. State entities can partner with NCM on commercial terms that channel U.S. program value — EXIM financing, IRA credits, DoD contracts — back to the Nordic supply base, with the state retaining full asset ownership and domestic sales rights.
EKN (Sweden), GIEK (Norway), and Finnvera (Finland) can co-structure financing alongside NCM's advance capital facility to producers — aligning commercial terms with national export promotion mandates. ECA co-financing reduces capital cost to Nordic producers, ensures financing terms reflect national interests, and creates a direct link between NCM's U.S. program access and the agencies' export support objectives.
NCM's supply basin is anchored in Sweden and Norway — two FORGE founding members — providing NDAA-compliant, non-PRC origin across a broad range of the USGS 2025 Critical Minerals List. NCM's current confirmed and pipeline supply is shown below. The full USGS list of 60 minerals falls within EXIM Project Vault's stated scope; NCM's portfolio covers priority categories including REE, graphite, iron ore, silica, copper, nickel, and manganese. Additional allied-nation supply partnerships are actively being developed.
The U.S. government has created over $100 billion in incentives specifically to secure non-Chinese critical minerals supply chains. These programs require a U.S.-domiciled commercial counterparty to access. NCM is purpose-built to serve as that counterparty for Nordic FORGE-nation producers and state entities — channelling program benefits back into the Nordic supply base.
The largest programme in EXIM's 92-year history. A $10 billion EXIM direct loan plus $2 billion in private capital creates a $12 billion U.S. Strategic Critical Minerals Reserve. EXIM has already approved a US$2.9 billion critical minerals loan under the same programme — the largest single critical minerals loan in EXIM history — confirming the programme is actively deploying capital. All 60 USGS Critical Minerals, including every commodity in NCM's supply basin, are within scope.
The DoD's Office of Industrial Base Policy administers Title III authority, providing grants — not loans — to U.S. entities that close critical minerals supply chain gaps for defense applications. NCM, as the U.S. commercial intermediary for FORGE-nation supply, is structurally eligible. Multiple precedent awards have been issued to U.S. entities facilitating allied-nation critical minerals supply.
IRA Section 45X provides an advanced manufacturing production credit equal to 10% of production costs for qualifying critical minerals — available only to U.S.-domiciled manufacturers and processors. Section 48C provides a 30% investment tax credit for qualifying critical minerals processing facilities. Wyoming's zero state income tax compounds the advantage. NCM-supplied Nordic feedstock may support downstream U.S. processors in accessing these credits — legal confirmation of FORGE-nation IRA eligibility is being obtained.
FORGE — the successor to the Minerals Security Partnership, launched by Secretary Rubio in February 2026 — now encompasses 54 nations. Sweden and Norway are full FORGE members. Supply from FORGE-member nations receives preferential treatment across EXIM, DoD and IRA programs. NCM supply from our entire Scandinavian portfolio qualifies automatically.
NCM's supply basin is anchored in two FORGE-nation jurisdictions — Sweden and Norway — providing NDAA-compliant, non-PRC origin across the full critical minerals spectrum. A combined 1,000+ years of Scandinavian mining heritage underpins geological credibility. Additional allied-nation supply partnerships are in development.
Every element of NCM's structure is designed for U.S. government eligibility.
Nordic FORGE-nation mineral producers, state enterprises, and government agencies seeking U.S. market access, advance capital structures, or institutional partnership arrangements are invited to reach out directly. NCM is in active producer discussions across Sweden and Norway. All inquiries are handled confidentially and without obligation.