# U.S. Awards $249M for Port MacKenzie Rail Extension

> U.S. grants $249 million to Alaska Railroad for Port MacKenzie rail extension to support Nova Minerals' antimony hub.
- Title: U.S. Awards $249M for Port MacKenzie Rail Extension | Shortify
- Summary: U.S. grants $249 million to Alaska Railroad for Port MacKenzie rail extension to support Nova Minerals' antimony hub. U.S. government funds $249 million rail…
- Keywords: alaska railroad corporation, nova minerals corp, port mackenzie rail extension, antimony processing hub, federal railroad administration, consolidated rail infrastructure, crypto, finance, Awards, 249M, Port, MacKenzie
- Source: TokenPost — https://tokenpost.com/news/business/37081
- Published: 2026-10-21T22:01:16+00:00
- Read time: 1 min
- Topics: alaska railroad corporation, nova minerals corp, port mackenzie rail extension, antimony processing hub, federal railroad administration, consolidated rail infrastructure, crypto, finance
## U.S. Funding for Rail Extension
U.S. government selected Alaska Railroad Corporation for up to $249,052,399 in funding for Port MacKenzie rail extension to serve Nova Minerals Corp.'s antimony processing hub.
## Project Scope and Costs
The 32-mile line connects Alaska port to railroad main line, estimated at $311 million with $62 million nonfederal contribution from Matanuska-Susitna Borough and Alaska Industrial Development and Export Authority.
## Antimony Facility Timeline
Nova targets first production from pilot-scale antimony facility in 2027 with separate $43.4 million Defense Production Act award supporting the project.
## Key takeaway

U.S. government funds $249 million rail extension for Alaska Railroad to connect to Nova Minerals' antimony processing facility in Port MacKenzie.