Fact-check · Sep 28, 2026 · Donald Trump
“Investing $3,000,000,000 to build the first new mine in America in fifty years”
FALSESaid in 2 broadcasts
What the record shows
Mesabi Metallics' Minnesota iron ore mine and pellet plant is a $2.5 billion investment, per company filings and EXIM Bank statements. It is the first new iron ore mine in the U.S. in approximately 50 years.
Sources
- Mesabi Metallics launches "Patriot Pellet" | News | grandrapidsmn.com
- Mesabi Metallics rolls out Patriot Pellet | Local | mesabitribune.com
- First Blast: America's Iron Ore Comeback Heard on the Iron Range | The Manila Times
- Blast, at last: Minnesota’s first new iron ore mine in 50 years targets new era of steelmaking
- Minnesota Is About To Open Its First New Mine In 50 Years
- Metals Royalty Co Inc. - Form 6-K - FY2026
From: President Trump Makes an Announcement, Sep. 28, 2026
Every time it was said
Aug 17, 2026FALSE
Sep 28, 2026FALSE
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