The U.S. International Development Finance Corporation (DFC) has committed up to $4.84 million to Harena Rare Earths’ (OTCQB: CRMNF) Ampasindava project in northern Madagascar. The Madagascar project is not the first rare earths project in Africa to receive backing by the Trump administration. Back in February, the U.S. Trade and Development Agency awarded a $1.87 million grant to Altona Rare Earths to fund a pre-feasibility study (PFS) for the Monte Muambe rare earths project in Mozambique. Located in northwest Mozambique, the Monte Muambe Rare Earths mine contains several critical and rare elements including neodymium, praseodymium, dysprosium and terbium. Those heavy rare earths are indispensable to the high-performance permanent magnets used in electric vehicles, wind turbines, advanced electronics and military systems.