Trump admin’s push for domestic rare earth production, US govt to get 10% stake in USA Rare Earth

The US government is investing $1.6 billion in USA Rare Earth, acquiring a 10% stake to support a local mine and magnet production facility. This move aims to bolster domestic rare earth production, with the company also securing $1 billion in private funding. The investment includes government shares and warrants, priced near the company’s recent trading levels.