Export-Import Bank of the United States Board of Directors Approves Sixth Make More in America Transaction

Washington, DC - Today, the Board of Directors at the Export-Import Bank of the United States (EXIM) approved a nearly $23.5 million loan to Amaero Advanced Materials & Manufacturing Inc. to support its flagship Make More in America initiative (MMIA).

The direct loan will be used to finance the purchase and installation of industrial metals processing equipment to further expand a McDonald, TN-based critical minerals and refractory alloy processing facility. The powders produced from the facility can be used in additive manufacturing applications, aerospace and medical uses.

"I am extremely pleased to continue adding to the list of states EXIM is supporting with our MMIA initiative," said President and Chair Reta Jo Lewis. "This is the sixth transaction we have approved since August 2023, with more in the pipeline. Transactions like this that fall under MMIA allow EXIM to expand our support for exports throughout the entire export lifecycle while continuing to create high-paying U.S. jobs in critical industries."

The project will meet the minimum export nexus of 15 percent with expected exports to Europe and Latin America. This transaction is expected to support an estimated 190 jobs in and around McDonald, TN.

This project also falls under EXIM's China and Transformational Exports Program (CTEP) mandate, as it will support a business that will compete with the People's Republic of China supporting U.S. innovation.

About EXIM:

The Export-Import Bank of the United States (EXIM) is the nation's official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.