Biden gives American money to overseas mines while pledging to close those in the US

From Reuters 

“U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.”

https://www.reuters.com/business/energy/biden-looks-abroad-electric-vehicle-metals-blow-us-miners-2021-05-25/

Biden’s plan includes TechMet of Hot Springs, Ark., as an integral piece.

“The U.S. International Development Finance Corporation, part of the U.S. government that invests in overseas development projects, is TechMet’s largest investor."

“The firm (TechMet), which is an investor in battery recycler Li-Cycle Corp, has now raised nearly $133 million between its two rounds of funding. TechMet plans to use the funds to continue investments in mines and other projects that produce metals used to make electric vehicles.”

https://www.reuters.com/article/us-techmet-funding/mining-investor-techmet-closes-second-funding-round-at-120-million-idUSKBN2C22J3

So, TechMet is still in the money-raising part of its plan, despite its largest investor being the U.S. Government?

TechMet hopes to raise $250 million with which to buy earths or metals from mines overseas and then ship those products to U.S. plants to produce electric vehicles.

And the U.S. International Development Finance Corp. is “investing” American money, why? If the plan is such a good deal, why are American investment firms not putting their own money into this operation?