One year into its ten-year, $1.5 trillion Security and Resiliency Initiative, JPMorgan says it has financed or facilitated $230 billion for sectors considered essential to economic and national security. The bank has committed $5 billion of its own capital to defense companies, halfway through its initial $10 billion allocation. It invested $75 million in Perpetua Resources, arranged financing for a $7.4 billion processing plant in Tennessee and offered up to $500 million in loans for purchasing rare earth minerals from Brazil. These moves align with Pentagon priorities, which include $5 billion for critical minerals supply chains in fiscal years 2026 and 2027, while the Trump administration says it has approved $40 billion in critical minerals deals since January 2025.
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